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A 2% to 3% increase can result in $500,000 in additional revenue during the year, AdvancedMD says.
Revenue cycle teams are able to resolve billing inquiries faster through an automated AI call center.
The ultimate goal is to streamline documentation and coding in the mid-revenue cycle.
Declining physician payments and rising operational costs place emergency medicine at financial risk, RAND finds.
A decline in personnel costs, particularly a continued drop in contract labor use, is contributing to the improvement.
Innovation needs better payer and provider alignment, panelists say.
Providers have partially offset a lower patient collection rate by improving POS collections and collection on bad debt.
The hospital segment showed 9% growth, despite the divestiture of 14 hospitals.
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09:22 am |
February 17, 2025
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09:22 am |
February 17, 2025
Gradually transitioning from cash to digital payments can help manage patient expectations.
Challenges include technology gaps, provider shortages and reliance on data, the paper finds.
