What is Revenue Leakage and How to Stop It?

February 9, 2022 / Alex J. Lau / Articles, 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 […]

Healthcare Revenue Cycle Management Challenges

November 23, 2021 / Alex J. Lau / Articles, RCM, RCM Challenges, Revenue Cycle Management, Revenue Cycle Management Challenges

Healthcare Practices Face RCM Challenges Healthcare providers of all shapes and sizes are struggling to fine-tune their revenue cycle to adapt to changes in the billing world. Constant changes to the healthcare system have brought about a variety of new challenges for providers and patients alike. This is particularly true for smaller practices who must […]

Common Revenue Cycle Management Mistakes and How to Avoid Them

September 17, 2021 / Alex J. Lau / A/R, A/R Recovery, Articles, Billing Revenue, Medical Billing, Medical Billing Companies, Revenue Cycle Management

Common Revenue Cycle Management Mistakes Is Your Revenue Cycle Management in Top-Notch Condition? Let’s face it, we all make mistakes, even as veterans in revenue cycle management. Sometimes, though, our biggest mistakes are the ones right under our noses – the ones we simply don’t identify as mistakes because we’ve been making them for so […]