Why getting the finances right matters
Healthcare today is a mix of payment models, third-party payers, complex regulations, and codes. A practice’s survival depends upon getting the finances right. As getting paid appropriately and accurately for rendering medical services has grown more complex, so too has the importance of having an effective Revenue Cycle Management solution.
The 2018 CAQH Index® report found an 18% increase between 2017 and 2018 in the total volume of healthcare transactions across the U.S. Manual transactions declined 6%, evidence that practices and health systems are continuing to make progress in implementing electronic processing for coding, claims, and reimbursements.