Payment Variance: The Solution

In our three-part blog series, we’ve already covered what payment variance is, how it happens, and how to identify it. If you didn’t already, you probably understand now just how much of a financial drain payment variance can be on your medical business. Read on below...

Payment Variance: How It Happens

Whether your medical business is big or small, your bottom line is affected by payment variance in a major way. But by shifting your approach and partnering with our RCM Brain ninjas, you can dramatically reduce the disparity between what you were contracted to be...

Payment Variance: How to Identify It

Payment variance presents a significant and ongoing financial challenge for your medical business. As a provider, your practice depends on payers to cover the cost of services you render, but the final dollar amount often comes up short of what you anticipated. Stop...

Deadly Sin #10: Follow Up

First and foremost, you want to provide quality care for your patients. But you also want to be compensated appropriately for the care you've provided.   For guidance improving your medical business’s approach to patient responsibility and some tips on nine other...

Deadly Sin #9: Payments Not Posted

So far as they know, your AR team has done all they need to do and are now just waiting on payments to come in. But due to a number of issues, those payments may not be posted in a timely fashion or may never be posted at all. To make matters worse, your team may not...

Deadly Sin #8: Software Setup

Even if the actual people on your AR department team are doing everything right, the software they use could be causing a lot of problems, including a large amount of denials. For some insight on how reconfiguring your software could help bring in more money and boost...

Deadly Sin #7: Ignore Write-Offs

Your AR department strives every day to bring in as much of the money that your medical business is owed as possible. But to stay ahead of the constant barrage of new claims coming in, they have to prioritize their time and write off certain claims that have either...

Deadly Sin #6: Expected Payment

Since your medical business has set prices that you typically stick to for individual services, you would think that your AR department would be able to predict the amount of money you’ll receive from payers. But knowing what payment amounts you can actually expect is...

Deadly Sin #5: Claims to Payer

The members of your AR department probably get a solid dose of satisfaction after finally submitting a complicated claim and checking something off the to-do list. But that sigh of relief may be a little premature because there’s still a chance that the payer may...

Deadly Sin #4: Organize AR

Just like you can sort different types of socks together when you’ve done a mountain of laundry, your team could quickly clean up your AR if they had a way to pair like with like. But currently, your AR department has no clear way to recognize patterns between claims...