Availity: Method to the Madness - 10 Payment Collection Strategies that Work

If you’ve found your way to this e-book, the chances are good that your business—like a lot of provider organizations and health systems—is up against unprecedented revenue and margin pressure, and figuring out how to boost revenue has become the focal point of your work life.  You’re not alone. With significant payment responsibility shifting to consumers, medical businesses are increasingly battling bad debt, long A/R cycles and reduced revenue. So now you need help— but where to start?

 

Read an Excerpt: 

Historically, most payment collection activities occurred long after the patient left the facility, which creates back-end work that can significantly delay payment and reduce total collections. But health care reform, the growth of high-deductible health plans and decreasing reimbursements are forcing a shift of collection efforts upstream.  Savvy medical business professionals are placing a new importance on revenue capture at point of service. This e-book will help you collect more up-front. At the same time, you’ll want to take a long, hard look at back-end collections, and adopt new billing strategies to combat debt. We’ll help you with that, too.

In this e-book, best-practice guidance from our team of Availity experts, lessons learned from our most successful customers and leading market research all come together to give you the definitive
guide to collecting payment.

Keywords: 
payment collections, Revenue Cycle Management, patient billing