As patients take on more risk and assume more of their own healthcare costs, and as registration errors, authorization, and medical necessity continue to contribute to a large percentage of claim denials—laboratory leaders need to examine new patient access technologies and modernize their collection practices. In order to continue to profitably provide quality care and to meet revenue cycle objectives, it is crucial for labs to get a handle on plummeting accounts receivable.
DarkDaily.com is pleased to offer a recently published free White Paper that covers common trends having an impact on revenue cycle management and best patient access practices, as well as recommended strategies that labs and pathology groups can employ to take a proactive approach to their collection practices—and why it’s so important for the process to begin upfront.
“Patient Access Antidote: Retaining More Revenue with Front-End Solutions” shares useful insights regarding front-end patient access management, and equips clinical laboratories and pathology groups with the expert tools and solutions they need to optimize their cash flow and successfully meet key revenue cycle objectives.
Just a few examples of the best practices covered in this complimentary White Paper: determining patient responsibility and factoring in prior-authorization and medical necessity, identifying patients’ financial clearance or propensity to pay, and providing consumers a clear explanation of their financial policies—along with a detailed, reliable estimate of their out-of-pocket expenses—as early in the revenue cycle as possible.
At DarkDaily.com, readers can access free resources on a variety of topics tailored specifically to the needs of laboratory administrators, lab managers, pathologists, and lab industry consultants.
