How Much of Your Revenue is at Risk?

According to the MGMA, a typical practice leaves up to 30% of their potential revenue on the table every year due to inefficient billing practices. What could that mean for your practice?

Find out with our quick assessment calculator. 

Please do not include $, %, other symbols or commas in your answers

Revenue Cycle Best Practices

Every practice’s revenue cycle is the same. It starts when a patient sets an appointment and it ends when the practice receives payment. It sounds simple enough, but the reality is there are lots of opportunities along the way where simple mistakes can cost your practice money. 

25%
of denials are caused by
lack of eligibility

Eligibility Checking

Train your staff to ask for proof of coverage prior to the patient’s appointment. Implement technology that will automatically check for eligibility while the appointment is being scheduled.

-20%
chance of collecting from a patient once they've left

Patient Responsibility

Collect co-pays from patients at check-in with check scanning and credit card processing machines.

65%
of denials are never appealed

Denial Management

Formulate a process to track down problems that could be causing denials and develop an action plan on how to prevent denials from happening in the future.

By implementing Revenue Cycle Best Practices, you can help your practice increase revenue, decrease account receivables, reduce expenses, streamline workflow, and most importantly, improve control of your business.