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Your hospital could be leaving money on the table from patient accounts that may have been incorrectly paid by the health plan or government fee schedules, and you?re not alone. According to recent data from the American Medical Association, 7% of paid medical claims were found to have errors, and denied claims averaged about 5%.*
Accelerate Cash Flow and Reduce AR Days Healthcare providers know that cash flow is essential to a healthy medical practice and the organization?s financial well-being. Unfortunately, with so much pressure on providers to do more with less, most do not have the staff or resources to effectively manage and maximize their accounts receivable. In an ever-changing healthcare environment, providers are faced with the reality of shrinking margins due to: