Practice Management & Revenue Cycle

Parable Associates

Revenue Cycle Optimization: Unlock It With ModMed Reporting

Revenue Cycle Optimization: Unlock It With ModMed Reporting

Healthcare Revenue Cycle Management /

ModMed provides a robust foundation for practice management. However, to fully harness its power for revenue cycle optimization, it’s often beneficial to customize and enhance your standard reporting tools.  Having the right dashboards allows you to make data-driven decisions, maximize potential, and achieve greater financial success. The Challenge: Untapped Insights While ModMed offers valuable reports, […]

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Healthcare Analytics Solutions - How Your Practice Can Benefit

Healthcare Analytics – How Your Practice Can Benefit

Healthcare Business Intelligence, Healthcare Revenue Cycle Management /

Healthcare practices are constantly inundated with data, from patient records and treatment outcomes to operational efficiency and financial performance metrics. This vast sea of information is key to transforming healthcare delivery and organizational efficiency. However, the sheer volume and complexity of healthcare data can be overwhelming. The ability to draw actionable insights and implement effective

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Healthcare Revenue Cycle Management - The Impact of Denials

Healthcare Revenue Cycle Management – The Impact of Denials

Healthcare Revenue Cycle Management /

Healthcare revenue cycle management (RCM) encompasses the entire process, from patient registration and appointment scheduling to claim payment, significantly influencing a practice’s financial well-being. Healthcare RCM involves various functions like patient access, health information management, charge capture, claims management, payment processing, and accounts receivable. Each function has key performance indicators (KPIs) contributing to overall revenue

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The Importance of Denial Management in Healthcare

The Importance of Denial Management in Healthcare

Healthcare Business Intelligence /

In the healthcare industry, effective claim denial management plays a significant role in a practice’s financial health. Denials – when an insurance payer refuses payment for services rendered – are more common than one might think. They not only disrupt cash flow but also signal potential issues in billing or clinical documentation. Effective denial management

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Reducing Eligibility Denials Through the Use of BI

Reducing Eligibility Denials Through the Use of BI

Healthcare Business Intelligence /

Eligibility denials – those frustrating denials where a patient’s coverage doesn’t line up correctly with their care – are a thorn in the side of practice managers everywhere. These denials stall cash flow, create labor-intensive manual work, and worst-case, lead to services written off entirely. However, they don’t have to be the unavoidable nuisance many

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From Slow to Pro with an Experity Business Intelligence Solution

From Slow to Pro with an Experity Business Intelligence Solution

Healthcare Business Intelligence /

Efficient healthcare revenue management is paramount, and platforms like Experity play a crucial role in streamlining processes for urgent care centers. Navigating the challenges of revenue cycle management would be a daunting task without the support of such advanced systems. However, sometimes the complexities of the software can cause delays. A common way to streamline

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Healthcare Business Intelligence - Experity vs In-House BI

Healthcare Business Intelligence – Experity BI vs Building Your Own Team

Healthcare Business Intelligence /

Healthcare organizations grapple with significant challenges in managing their revenue cycle analytics. Transforming raw data into actionable insights is a complex process, requiring confidence in data integrity for meaningful results. Experity BI was created to address the challenges faced by healthcare organizations in managing their revenue cycle analytics. This comprehensive healthcare business intelligence solution is tailored

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Healthcare BI Solutions - Does Specialization Really Matter?

Healthcare BI Solutions – Does Specialization Really Matter?

Healthcare Business Intelligence /

The simple answer is yes. Specialization delivers better results. When seeking out services, consumers gravitate toward companies that demonstrate extensive expertise in their particular industry or niche. General experience has merit, but specialized knowledge inspires trust and confidence. The value of specialization is a universal principle, providing greater value to clients across all industries. Because

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Healthcare Performance Improvement

Healthcare Performance Improvement – Goals for the New Year

Healthcare Business Intelligence /

With the new year just around the corner, businesses are evaluating their operations, identifying opportunities for improvement, and setting goals. Healthcare practices are no exception. While their primary focus remains on providing quality care, the importance of being financially sound cannot be overlooked. When setting healthcare performance improvement goals, think about where you want your

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Practice Management & Revenue Cycle

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