Remove Account Receivables Remove Accounting Remove Revenue Cycle Management
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2024 Revenue Cycle Management Challenges and Emerging Trends

SSI Healthcare Rev Cycle Solutions

2024 Revenue Cycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. Marketing Manager at The SSI Group, LLC Welcome to the healthcare landscape of 2024 – a complex terrain where high stakes meet numerous challenges, defining a dynamic and demanding era in healthcare.

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Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment

SSI Healthcare Rev Cycle Solutions

” It involves a detailed accounting for services rendered and an initial intake of important information. This bill includes details about the services provided, the insurance payment received, and the patient’s portion of the cost. Patients are then responsible for making timely payments to the healthcare facility.

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How Healthcare Billing Departments Can Maximize AR Potential Before Year-End

SSI Healthcare Rev Cycle Solutions

Preventing Front-End Denials According to SSI data, in 2023, front-end denials account for close to 45% of all denials. They provide real-time 277 claim status updates, ensuring that every document is accounted for and trackable throughout the claims process. The majority of front-end denials lead to full denials.

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Understanding the Order to Cash Process: A Simple Guide

Nanonets

The  OTC process  encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. It includes  order management ,  credit management ,  order fulfillment , invoicing, accounts receivable, payment collection, and  data management.

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Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment

SSI Healthcare Rev Cycle Solutions

” It involves a detailed accounting for services rendered and an initial intake of important information. This bill includes details about the services provided, the insurance payment received, and the patient’s portion of the cost. Patients are then responsible for making timely payments to the healthcare facility.

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Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems

SSI Healthcare Rev Cycle Solutions

July 13, 2023 Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems As hospitals and health systems strive to optimize revenue cycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.

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SSI’s Integrations Make Epic Medical Billing Easy

SSI Healthcare Rev Cycle Solutions

A Daily CRD file is returned to Epic regarding claims with edits, and including details such as the patient account number, claim status, edits that are on the claim, edit descriptions, and edit category. Rapid Retest provides real time feedback in order to shorten the accounts receivable days.

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