10 Strategies to Improve Revenue Cycle Management

In an ADVANCE Healthcare Network article, Tony Ryzinski, senior vice president of marketing, at Sage Healthcare, discusses strategies for improving revenue cycle management at medical practices.

Here are the 10 strategies:

1. Recognize where the cycle starts.
2. Focus on accuracy.
3. Submit claims daily.
4. Employ technology appropriately and don't overlook staff training.
5. Stay current regulatory coding and billing changes.
6. Leverage payer contracts to improve billing performance.
7. Ask for the patient's help when something goes wrong in the billing process.
8. Prioritize insurance invoices and patient balances.
9. Monitor the progress of pending issues.
10. Monitor payments closely.

More Articles on Practice Management:

28% of Orthopedic Surgeons Currently, Plan to Participate in ACOs
10 Ways to Improve Collections at Medical Practices
7 Ways to Earn Respect, Rather Than Demand It

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