Determining insurance eligibility and estimating patient payment are two of the most overlooked steps in patient engagement and the revenue cycle process. Yet, they're also two of the simplest things a provider can do to maximize revenue and profitability.
When providers mismanage the revenue cycle, the financial impact may seem relatively small on an individual claim, but when multiplied by hundreds of visits a week, the effect on the bottom line is the equivalent of death by a thousand paper cuts -- slow, agonizing and certain. The good news is there is a remedy.