RMK HOLDINGS INC. specializes in fulfilling the resource gap after the medical claim is billed.
After Medicare and Medicaid, the patient is payer number three for most healthcare providers! This means your healthcare business must evolve to ensure revenue stability while maintaining operational expenses. Rather than hiring additional staff to tackle mounting self-pay accounts, or worse, writing off collectible balances that that are charged off to bad debt, use these strategies to advance late stage balances to early recovery.
The number of high deductible health plans (HDHPs) has jumped to 75 million after sitting at just 10 million in 2010. How does this affect your medical business?
Keeping your front and back end processes flowing smoothly and bridging gaps where needed, will result in maximizing revenue flow, something very practice desires! Where do you start? Here are a few focal points to champion a strong billing and collections process.
Your revenue cycle begins at the front desk, as this is the area that typically receives intake information. If your practice uses a self-service kiosk, your patients can also benefit when you arm your front desk team with essential billing knowledge.