Course Overview
Every missed pre-authorization call, uncollected deductible, and neglected filing deadline results in financial losses for your practice, accumulating rapidly. Indeed, US practices forfeit $125 billion annually – however, you can avoid being part of this statistic. No matter how much money your practice is leaving on the table each day, there are ways to recover it. Our expert will lead you in identifying revenue leaks within your practice and will provide precise instructions on how to “plug them up” so that your practice can retain a greater share of the revenue that is rightfully yours. This webinar will help you overturn more denials, get more appeals approved, and collect additional deductibles—provided you know the process.
What you’ll learn:
- Identify the common gaps or holes in your revenue cycle process.
- Determine your practice’s essential performance indicators to uncover revenue losses.
- Prevent the gaps, obstacles, and inefficiencies that are leading your practice to incur financial losses.
- Implement staff training program that covers every aspect of the collection cycle.
- Identify and rectify at least three financial leaks to enhance your revenue.
- Assess the extent of your practice’s financial losses and strategies to recover from them.
- Distinguish between a sound financial policy and one that is detrimental to your finances.
- Reveal superfluous paperwork and processes to eliminate time wastage.
- Leverage timing trends to enhance collection success rates and ethically optimize cash flow.
- Develop an effective front desk script to encourage more patients to settle their bills before leaving.
Who should attend:
- Physicians
- Nurses
- Revenue cycle manager and staff
- Practice managers
- Clinical operations staff
- Medical coders and billing professionals
- Medical or hospital staff
- Healthcare executives and leaders
-
Compliance officer
Don’t miss this opportunity to prevent your medical practice’s losses and boost financial performance.