When you combine high-deductible health plans with high-cost services and a low-level of health literacy, it makes for a challenging situation. Unfortunately, that is the scenario for most of the United States, which often leaves patients in a precarious position.
In short, no. Social Determinants of Health (SDOH) can sound high level, but in reality it includes the most basic of human necessities. Whether patients can and will succeed in treatments depends on a multitude of factors of which SDOH plays a significantly impactful...
This blog is somewhat of a one-sided conversation so instead of asking whether you want the good news or the bad news first, we’re breaking it down into clearly labeled sections and you can choose from there.
Routine denials are a point of frustration for many practices, especially when they appear to happen automatically. In most cases, providers recommend services, procedures, medications, and medical equipment because they feel it is in the patient’s best interest. Taking proactive measures to prevent what you can will help to increase efficiency and help you take back control of your revenue cycle.
With rising inflation, staffing shortages, and a litany of regulatory burdens, many of us are seeking support from financial institutions to obtain business loans, lines of credit, support with capital asset purchases, etc.
This post-pandemic era of healthcare has significantly exacerbated hiring challenges in an industry already plagued with staffing shortages.
Dealing with denied claims is a constant task in revenue cycle management. RevCycle Intelligence reported that there was a 20% increase in claim denial rates in the last 5 years1. Change Healthcare reports that the rates increased 23% between 2016 and 2020. Certainly,...