4 Smart Tips for Better Medical Billing: How to Maximize Your Cash Flow

4 Smart Tips for Better Medical Billing: How to Maximize Your Cash Flow

Do you wonder where your money is in your optometry and ophthalmology practice? With more patients coming in with insurance, it’s easy for money to get lost. On average, 25% of lost practice revenue comes from poor medical billing and revenue cycle management (RCM). 2018 may be the year for you to move your in-house billing to an end-to-end revenue cycle management service.

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Practice Success Story: Why We Switched Our In-house Revenue Cycle Management to Fast Pay Health

For more than ten years, managing revenue cycle management (RCM) has been a challenging and often frustrating task for Princeton Optometry in Princeton, NJ. Constant regulatory and coding changes, declining reimbursements, keeping up with staff training, reducing administrative costs, and getting Medicare to pay claims, are key reasons why Princeton Optometry decided it was time to outsource their insurance billing, accounts receivable/aging claims cleanup, and practice management payment postings. 

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How Can End-to-End Revenue Cycle Management Help You Grow Top-line Revenue?

How Can End-to-End Revenue Cycle Management Help You Grow Top-line Revenue?

In an era of declining reimbursements, high-deductible health plans, and constant industry challenges, profit margins are tighter than ever for most medical practices. Medical providers should be able to focus on patient care—instead of paperwork and payments. That’s why having end-to-end revenue cycle management (RCM) processes in place are important to running a successful practice, so your revenue doesn’t slip through the cracks. 

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