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The landscape of healthcare payments is changing. Patient cost-sharing has increased from about 10% to 30% since 2010. Practices are facing greater responsibility for managing patient payments, while also navigating staff shortages and lower insurance reimbursements. Is your billing and revenue cycle management stuck in the
Barrett Family Wellness Center (BFWC) is a community-based pediatric occupational andspeech therapy facility located in Southborough, Mass. dedicated to enhancing the health andwellness of children and their families. BFWC was founded in 2000 by occupational therapistPhyllis Barrett and her son-in-law, Ian Nolan, and her daughter,
Established in 1897, the expansive Washington Health System (WHS) provides compassionate patient and family-centered care in over 40 facilities throughout southwestern Pennsylvania. Since then, their commitment to delivering the highest quality of care has positioned them as a leader in healthcare safety and valued patient
As any healthcare provider knows, the cost of treatments, therapies, and procedures can be a major challenge to managing a successful practice – and with the Centers for Medicare & Medicaid Services (CMS) significant budget cuts for outpatient therapy and rehab, figuring out how to
Optimize Your Therapy and Rehab Billing Processes With Raintree’s Financial Reports As a therapy and rehab practice, it’s essential to have accurate and timely financial records to ensure that your business is running smoothly. With today’s digital solutions, you can quickly get an accurate picture
Automated EMR Tools to Counteract Staffing Shortages As patient volumes increase, the demand for quality medical professionals has become more apparent than ever before. These climbing staffing issues have compounded existing revenue cycle management (RCM) challenges even further, putting a massive strain on outpatient therapy
Reduce Outpatient Therapy Costs Through Optimized RCM As the healthcare industry continues to expand, outpatient therapy and rehab practices are constantly looking for ways to reduce costs while maintaining quality of care. Let’s look at the ways your organization can increase cash flow and reduce
Tackling the Denials Backlog Did you know that 65% of claim denials are not reworked? These denied claims have led to significant revenue loss in healthcare, with individual providers potentially losing millions per year in denials alone! While it’s not always possible or efficient to
Happy New Year! Let’s start off 2023 with a quick refresher on the important changes happening to the healthcare industry due to the Centers for Medicare & Medicaid Services (CMS) 2023 Medicare Physician Fee Schedule Final Rule. Conversion Factor Change On January 1st, 2023, the
Let’s go into the new year armed with the information you need to optimize your revenue cycle management (RCM) and billing processes! While our blog is teeming with information to improve your revenue, we’ve put together this library of resources that encompasses all of the
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