MedEvolve Blog

Cost Cutting Tips for Specialty Practices

Posted by Ashley Moore on Aug 22, 2016 3:09:47 PM

 

Specialty practices are facing enormous challenges collecting on patient balances and managing healthcare payer relations.  They must make patient collections an even greater priority than other providers or hospitals, as their margins for services are often much more narrow. Optimal revenue cycle management is a crucial component to cutting costs and helping to ensure consistent cash flow.

Specialty practices need to have processes in place to ensure claims are submitted correctly the first time, to prevent costly denials, and they should make every effort to collect patient balances up front, or while the patient is in the office.Once the patient leaves, practices also should have a consistent process for delivering statements to patients and collection letters when necessary.If you don’t, you could be losing out on revenue that you need to stay in business.

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Topics: RCM, Revenue Cycle

New Partnership with InstaMed for Healthcare Payment Processing

Posted by Ashley Moore on Jul 26, 2016 10:49:49 AM

 

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Topics: Revenue Cycle, News

6 Tips for Warding off the Negative Revenue Cycle Effects of HDHPs

Posted by Ashley Moore on Mar 11, 2016 2:33:53 PM

 

With the rise in popularity of high-deductible health plans (HDHPs) comes an increased burden on your billing department and an increased burden on your patients. Most likely, your billing department is not accustomed to collecting money from patients, yet the need to has ramped up in the last few years. Today, your patients are most likely your largest payor, and if you don’t have the right process in place for collecting payment in a timely manner, your practice’s financial future could be in jeopardy.

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Topics: RCM, HDHPs, Revenue Cycle

MedEvolve Adds Two New Board Members

Posted by Ashley Moore on Feb 23, 2016 2:34:00 PM

 

MedEvolve is excited to add Jim Crook and Jon Phillips to our Board of Directors to help guide our strategy for future growth and expansion. Both gentlemen will offer new insights along with a wealth of knowledge and experience growing healthcare IT companies.

Here is an excerpt from our press release:

“Jim Crook has over 35 years of leadership experience with a strong track record of growing companies in healthcare IT.

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Topics: News