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Protect Your RevenueCycle: Understanding the 3-Month Grace Period Mandate Home / December, 6 2024 Author: Heather Dunn, MBA, CHFP, CRCR, EHRC, President, The SSI Group, LLC (SSI) The healthcare landscape constantly evolves, and new regulations can often mean significant challenges for patients and providers. Now is the time to act.
May 24, 2023 9 Essential Questions RevenueCycle Leaders Should Be Asking About Their Claims and Clearinghouse Partner Welcome to the world of healthcare revenuecycle management, where every aspect of your business is crucial to success.
Jeff is a chartered professional accountant and has held multiple positions in financial departments, managing tax, treasury, and financial reporting. Aerium has also been able to tighten up their revenuecycles, which has sped up accounts receivable collections. He was also a CEO for 15 years before joining Aerium Analytics. .
Cash Reserves : Maintain a cash reserve to cover unexpected expenses or revenue shortfalls, such as during periods of low occupancy. RevenueCycle Management : Streamline billing and collections processes to ensure timely payments from residents, insurance companies, and government programs. Access and visibility are key.
May 24, 2023 9 Essential Questions RevenueCycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenuecycle management, where every aspect of your business is crucial to success.
Related AccountingTools Courses Bookkeeper Education Bundle Bookkeeping Guidebook Sales Cycle In the sales cycle, a company receives an order from a customer , examines the order for creditworthiness , ships goods or provides services to the customer, issues an invoice , and collects payment.
Understand Your RevenueCycles For high-turnover F&B businesses, understanding and forecasting revenuecycles are vital for preparing for fluctuations in cash flow. From multicurrency accounting to tax filing, Counto handles it all—with unlimited transactions. Tired of surprise fees from accounting services?
Improving Accuracy and Minimizing Errors Manual bookkeeping can introduce errors due to simple mistakes or misunderstanding complex tax regulations. Leveraging bookkeeping software enhances accuracy by automating calculations and applying applicable tax laws correctly.
A report by Oxford University concluded that there was a 99% chance that tax preparers’ jobs would be automated and a 98% chance that it will happen to bookkeepers and accountants. but when it comes to the A/R part of the revenuecycle, they’re invisible. Here’s a good video of how MindBridge works in action: 15) Tax Planning.
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