Medical practices lose out on 30% of potential income due to 4 mistakes

Nearly $32,000 in patient payments goes uncollected each year by 40 percent of all providers, according to ClearGage, a healthcare payment solutions provider.

Advertisement

Four factors cause providers to lose up to 30 percent of all medical practice income, ClearGage explains in a new e-book:

1. Incorrect coding
2. Underpricing
3. Missed or never-submitted charges
4. Insufficient or improper follow-up

More articles on surgery centers:
20 key findings from MedPAC’s report on ASCs in 2019
Missouri ASC celebrates 20 years
How potential changes to Stark Law could help or hurt ASCs — 3 insights  

At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.

Register to Attend Webinar

160 ambulatory leaders just ranked the EHR as the single system most overdue for AI reinvention

Tuesday, August 11
12:00 PM - 1:00 PM CDT

Presenter: Gautam Shah, MBA, FACHDM, NextGen Healthcare

Advertisement

Next Up in ASC Coding, Billing & Collections

Advertisement

Comments are closed.