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Optimizing physician reimbursement

How physician groups can leverage automation and incorporate advanced analytics to help ensure they’re collecting every dollar they’re entitled to.

Automation and analytics key to overcoming today’s cash flow challenges

Physician groups struggle with sustaining strong cash flow amid declining reimbursements and complex payment models. Reevaluating RCM with a focus on automation and analytics is crucial for improving collections and enhancing patient experiences. Discover how these technologies are pivotal in navigating today's financial challenges in healthcare.

Key takeaways

  • Physician groups are struggling with maintaining strong cash flow due to unchanging or decreasing reimbursement rates, intricate payment models, and the ongoing impact of the COVID-19 pandemic
  • Effective RCM solutions that incorporate automation and advanced analytics can significantly enhance coding accuracy, speed up coding processes, and optimize overall revenue cycle performance
  • Enhancing patient collections and providing digital conveniences are vital. These improvements meet consumer demands for user-friendly financial interactions in healthcare, which can lead to improved cash flow and reduced costs associated with collections

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