According to the American Hospital Association (AHA), 78% of healthcare organizations report worsening experiences with commercial payers. Additionally, 84% noted rising costs of complying with insurer policies, and 95% said staff were spending more time on prior authorization processes. That’s why it is important to understand the root cause of these denials to not only quickly resolve them, but also avoid them altogether.
Transform your healthcare organization’s financial operations with Conifer Health’s expertise and cutting-edge solutions. Our innovative strategies address the challenges of outdated workflows, rising denial rates, and increased patient financial responsibilities.
Billing is the lifeline of physician practices, and every dollar lost to inefficiency or error is a dollar that could support patient care. Gaps in billing processes, frequent denials, and staff shortages can derail financial stability, making it harder to keep operations running smoothly.
Let’s explore providers’ hesitation with automation and why partnering with Conifer Health Solutions can help overcome those fears and challenges.
An optimal revenue cycle and a positive patient experience are intrinsically tied to a provider’s ability to deliver a seamless clinical and administrative experience.
Explore insights on modernizing and optimizing revenue cycle management in healthcare. See how to improve each stage in the cycle.
Provider organizations must address denials head-on. This means aggressively shoring up the appeals process to make it as efficient and effective as possible.
Attention to detail is key in accurate healthcare billing. One of the frequent challenges coders face is handling claim denials, with the CO 6 denial code being a common issue.
Download the complete Navigating the Heart of Healthcare Revenue: A […]
Download the complete Navigating the Heart of Healthcare Revenue: A […]
Download the complete Navigating the Heart of Healthcare Revenue: A […]
Download the complete Navigating the Heart of Healthcare Revenue: A […]
Denials due to coding quality concerns are a common challenge in medical billing, often disrupting provider revenue cycles and patient experiences.
Download the complete Precision in Practice: Mastering Front-End Revenue Cycle […]
Download the complete Precision in Practice: Mastering Front-End Revenue Cycle […]
For hospitals, health systems and physician practices, delivering excellence in care and providing the best outcomes for patients drive what you do. However, there is a financial side to healthcare, and it’s highly complex.
Conifer Health polled provider organizations to discover their concerns and answer their top coding questions.
In these challenging times, hospital revenue cycle leaders must do all they can to ensure timely, accurate high-risk charge capture.
This blog post covers the four areas hospitals should be focused on to achieve mid-cycle best practices and protect their bottom line.
Quality coding is essential for a healthy revenue stream. Superior coding can reduce denials, improve cash flow, facilitate faster and more accurate reimbursement, and more.
Health systems and provider organizations are facing enormous challenges. In a recent poll, providers ranked five of their most pressing issues, which were staffing (58%), expenses (20%), revenue (17%), technology (2%), and other (2%).
We’ve picked three of the most pressing challenges hospital revenue cycle leaders face and offer proven ways to turn each challenge into an opportunity for improvement.
Until new legislation becomes law, providers need to do all they can to automate prior authorizations, standardize processes, maintain highly qualified staff and improve patient communications.
The effects of the COVID-19 pandemic will likely continue to impact healthcare systems for years to come. Implementing digital strategies will help relieve the burden on administration, physicians, and nurses, allowing them to focus on what they do best: patient care.
Four key areas where hospital revenue cycle leaders can address these issues with a more strategic approach.
Automating the prior authorizations can help reduce denied claims, decrease errors and streamline the process.
Two healthcare experts discuss the correlation between liberating liquid healthcare data and the potential it has to revolutionize healthcare and meet consumer demands.
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