2023 Revenue Cycle KPIs To Address Challenges From Denials In Medical Billing And Beyond

Healthcare provider finance is moving into an entirely new era. As margins continue to be strained, CFOs are facing new challenges such as the end of the public health emergency, staffing shortages, and millions potentially being thrown off the Medicaid rolls Healthcare provider finance is moving into an entirely new era. As margins continue to be strained, CFOs are facing new challenges such as the end of the public health emergency, staffing shortages, and millions potentially being thrown off the Medicaid rolls Continuous coverage during the COVID-19 public health emergency required states to maintain their Medicaid coverage for most people, preventing them from terminating enrollees since March 2020. But as of April 1, 2023, states began reviewing enrollment eligibility to start the process of ending coverage for anyone found ineligible. One of the most significant expectations is that denial prevention (specifically around eligibility denials) will be a key area of necessary response for CFOs. This means that you will need to put revenue-protection initiatives in place. To make sure these are running properly, you will need to focus on a new approach to denials in medical billing, prioritizing KPIs that help you stay on top of https://www.3genconsulting.com/2023-revenue-cycle-kpis-to-address-challenges-from-denials-in-medical-billing-and-beyond/ denials and processes that reform your medical billing accounts receivable