by HBCS | Jan 15, 2024 | Blog
Denied claims mean denied revenue. With the number of denials steadily increasing, health systems and provider practices must do all they can to protect their revenue streams and capture every dollar they’re owed. This includes addressing the growing impact of denied...
by HBCS | Sep 6, 2023 | Blog
The past few years have demonstrated that outsourcing all or portions of the revenue cycle is an effective strategy to mitigate costs and improve results. According to one report, revenue cycle functions account for the largest segment (27%) of outsourcing at...
by HBCS | May 9, 2023 | Blog
Rising patient financial responsibility is taking a toll on the bottom line of hospitals and health systems across the country. In a recent review, private/self-pay accounted for 68.4% of hospital revenue on average, while Medicare’s percentage of net revenue was...
by HBCS | Mar 7, 2023 | Blog
Claims denials are a big source of revenue leakage. According to one recent report, around 67% of healthcare leaders have seen an increase in claims denial over the past year.[1] The crunch is commonly attributed to frequent payer policy changes, lengthening...
by HBCS | Jul 8, 2022 | Blog
Improve your bottom line by ensuring all insurance accounts are being managed Industry analysts agree that healthcare staffing shortages aren’t going away anytime soon.[1] Some are even predicting that increased labor costs will cause expenses to outpace revenue...
by HBCS | May 31, 2022 | Blog
Health systems and physician organizations across the country continue to struggle to maintain optimal staffing. While most of the spotlight has been on clinical staffing shortages, the challenge is just as significant for non-clinical staff. A recent article by...
