TenEleven Group has published a white paper, “STOP LEAVING REVENUE ON THE TABLE: Revenue Cycle Management For A More Profitable & Effective Organization,” to help organizations discover the best practices for maintaining a healthy revenue cycle. Behavioral health agencies and providers often struggle to collect the revenue they have worked so hard to earn. A complicated insurance billing landscape makes it nearly impossible to get paid on time. This pushes an organization’s accounts receivable (A/R), or outstanding balances, to its limits and leaves those balances there to age.
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Convoluted insurance billing and the payer-provider disconnect have compounded the stress providers experience surrounding their revenue, leaving them feeling frustrated and defeated. Strong revenue cycle management (RCM) has the power to relieve the burden agencies and providers feel when it comes to their bottom line. It is time for behavioral health organizations to look to the future and ask what can be done to improve their insurance billing, so that they can reclaim time lost managing claims.
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TenEleven Group outlines the most common problems in managing reimbursement, including failure to verify coverage, insufficient documentation, duplicate billing, coding errors, and missed deadlines—and provides recommendations for behavioral health organizations to improve their RCM so that they can spend more of their time and energy on their patients rather than on the billing process.
This white paper is being provided to OPEN MINDS readers free of charge, courtesy of TenEleven Group. To download “STOP LEAVING REVENUE ON THE TABLE: Revenue Cycle Management For A More Profitable & Effective Organization,” and learn if you have the right data mindset