What is Revenue Leakage and How to Stop It?

February 9, 2022 / Alex J. Lau / Medical Billing, Medical Billing Cost, Medical Billing Outsourcing, Medical Claims, Medical Providers, Revenue Cycle Management, Revenue Cycle Management Challenges, Revenue Leakage

“Revenue leakage” describes circumstances wherein a healthcare provider has supplied care to a patient but doesn’t collect payment. In general, it happens when accounts receivable (AR) continue to be unpaid for too long and are inadvertently overlooked. The longer an account receivable remains outstanding, the less likely healthcare providers are to retrieve payment, even in […]

A/R, Healthcare, Healthcare Denials, Healthcare Reimbursement, Healthcare Revenue Cycle, Medical Billing, Medical Billing Denials, RCM, RCM Challenges, RCM Essentials, RCM Support

9 Steps for a Proactive Medical Billing Strategy

November 22, 2021 / Alex J. Lau / Billing Revenue, Full Service Medical Billing, Healthcare, Healthcare Billing, Medical Billing, Medical Billing Companies, Medical Billing Cost, Medical Billing Outsourcing, Medical Providers, RCM, Robotic Process Automation, RPA

Isn’t it Time to Become More Proactive in Your Medical Billing Payment Strategies? “Do you believe in miracles?” During the 1980 Winter Olympics, the U.S. National Hockey Team miraculously vanquished the Soviet Union Team (who had won the gold medal in the six previous Olympics). It has been noted that one of the chief factors […]

Basics of Medical Billing, Collection Process, Medical Billing, Medical Billing Strategies, Medical Billing Strategy, Outsourced Medical Billing, Patient Collections, Revenue Cycle Management, Robotic Process Automation, RPA

Efficient Medical Patient Flow Increases Revenues

July 21, 2021 / Alex J. Lau / Medical Billing, Medical Billing Companies, Medical Billing Cost, Patient Billing, Patient Flow, Patient Medical Billing

Patient Flow Increases Revenues No longer can healthcare practices rely on the single appointment and waiting room process. Managers of healthcare practices of all types and sizes increasingly recognize that effective patient flow is key to increasing revenue and improving efficiency for the practice as well as providing a positive experience for the patient. As […]

Medical Billing, Medical Patient Flow, Medical Patients, Patient Flow

Higher Accuracy of Medical Claims Saves Revenue

July 10, 2021 / Alex J. Lau / HIPAA, HIPAA Compliant, Medical Billing, Medical Billing Companies, Medical Billing Cost, Medical Claims, Revenue Cycle Management

Healthcare Practices Save Money with Higher Accuracy of Medical Claims Reimbursement for medical practices has been impacted by numerous trends and healthcare industry changes over the past five to ten years. Medicare and Medicaid are constantly cutting physician reimbursement, third-party payers (UnitedHealth, BCBS, Humana, Anthem, Aetna, Cigna, etc.) have bargained for fee-for-service contracts with healthcare […]

Healthcare RCM, Healthcare Revenue Cycle, HIPAA, Medical Billing, Medical Claim Accuracy, Medical Claims, Outsourced Billing, Outsourced Medical Billing, RCM, Revenue Cycle Management, Revenue Loss