Navigating a perfect storm: How to recover lost revenue amid industry consolidation and a pandemic
Many healthcare provider organizations continue to face financial shortfalls as a result of a perfect storm of declining revenue, increased consolidation and COVID-19 impacts.
Institutions like Tufts Medical Center in Boston are leveraging a new tool to enable billers and coders to efficiently process charges and minimize lost revenue. The solution works by:
- Enabling a healthcare network’s CBO staff to efficiently consolidate, reconcile and process charges generated across multiple facilities, specialties and systems.
- Providing billers and coders, many of who remain working remotely amid the pandemic, user-friendly technology to efficiently consolidate and normalize charges coming from multiple EHRs and hospital departments.
- An average increase of 20% in billable charge volume
- Associated revenue increases
Download the white paper today to learn how Tufts Medical Center, Baystate Health Medical Practices and other provider organizations mitigate billing process complexities and recognize financial benefits.
Please fill out the form to download the whitepaper.
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