Knowledge Base

How Rising Inflation is Affecting Healthcare Revenue

Inflation is making healthcare more expensive. In July 2022 the consumer price index grew by 8.5% year-over-year, while the Healthcare price index saw a 2.8% increase. Healthcare will not have an easier ride than other businesses if prices rise slowly. Inflation effects can

Top Ways to Improve Your Healthcare Practice’s Revenue Cycle Management

Inflation is making healthcare more expensive. In July 2022 the consumer price index grew by 8.5% year-over-year, while the Healthcare price index saw a 2.8% increase. Healthcare will not have an easier ride than other businesses if prices rise slowly. Inflation effects can

How Does RCM Play a Key Role in the Healthcare Space?

Regardless of your industry, managing revenue is essential for your business to have a steady cash flow to pay for outgoing expenses. Revenue cycle management (RCM) plays a vital role, especially for hospitals and small-to-medium practices, due to

Top 5 Strategies to Increase Revenue with the Help of Effective RCM

The lack of proper revenue cycle management (RCM) strategies can only lead to chaos. On the other hand, when you optimize RCM along with billing and collection processes, the challenges subside, resulting in increased revenue for the practice.