1. Verify Insurance Before the Appointment
Too many practices leave money on the table by skipping thorough insurance checks. Verifying eligibility upfront prevents last-minute surprises and ensures you get paid for the services you provide. No more chasing patients down for payments after the fact.
2. Code It Right the First Time
Think coding errors aren’t a big deal? Tell that to your bank account. Incorrect or incomplete coding leads to denials, delayed payments, and unnecessary back-and-forth with insurers. Invest in proper training or bring in experts to make sure your claims go through without a hitch.
3. Fix the Denial Problem Before It Starts
If your team is spending all day appealing denied claims, your revenue cycle is broken. Instead of fixing problems after the fact, identify the most common reasons for denials and eliminate them at the source. A solid denial management strategy means fewer write-offs and more money in the bank.
4. Automate Your Billing Process
If you’re still relying on outdated billing methods, you’re making your life harder. Automating payments, reminders, and follow-ups keeps cash flowing without overloading your staff. Patients are more likely to pay when it’s easy, and insurers process clean claims faster.
5. Track Your Metrics Like a Pro
What gets measured gets managed. Are you tracking your accounts receivable days? Denial rates? Collection percentages? If not, you’re flying blind. Data tells the story of your practice’s financial health—use it to make smarter decisions and improve your bottom line.
6. Outsource If It Makes Sense
You’re a doctor, not a biller. If your team is stretched too thin, outsourcing your RCM to experts can increase efficiency, reduce errors, and improve collections. The right partner will get you paid faster and help you avoid common pitfalls.
Your Revenue Cycle Should Work for You, Not Against You
A broken revenue cycle costs you time, money, and peace of mind. The good news? You don’t have to fix it alone. With the right systems and strategies in place, you can turn your revenue cycle into a well-oiled machine.
So, what’s stopping you from getting paid what you deserve? 🤔
🚀 Ready to Take Control of Your Revenue?
Let our experts at J&S Moore Financial Group help you streamline your billing, reduce denials, and improve cash flow—without overwhelming your team.
