Three Key Considerations When Choosing a School Payment Software Solution

By acknowledging this starting point and addressing issues that arise from it, you can solve many revenue challenges. It’s surprising how often an existing patient makes a new appointment but doesn’t mention having changed insurance, which goes undetected until your billing team receives a claim denial. And if you need help building those basics or solving any specific problems, we can help.

Sixty percent report being charged a percentage of the revenue they’re owed when they receive electronic funds transfers (EFTs). If you find yourself in this situation, don’t hesitate to reach out to an RCM partner with expertise in negotiating these types of fees. It’s money owed to the practice for managing a patient, and leaving those dollars behind contributes to the increase in administrative burden we’ve seen in recent years. By recapturing lost revenue associated with getting paid and ensuring you’re fully collecting everything owed, you can help improve the financial health of your practice And if you’re wondering, “How can an organization improve its revenue cycle management and lower fees?” reach out, and we can help you get started.