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.
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