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How pay-first and direct primary care models are reshaping practice finances and patient experience

Medical Economics

The pay-first model improves cash flow by collecting patient payments upfront, reducing manual collections and bad-debt write-offs. The pay-first model improves cash flow by collecting patient payments upfront, reducing manual collections and bad-debt write-offs.

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5 issues in the check-in process that impact your medical practice 

Health Prime

Inaccurate information can include: Incorrect personal details Outdated insurance data Incomplete medical histories These errors in data entry can result in claim denials from insurance companies, leading to payment delays and financial losses for the practice.

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Reduce patient wait times with these tips

Mobius MD

Long waits are a primary driver of patient dissatisfaction , so reducing patient wait times should be a priority for every practice. Reducing delays sets the tone for a better visit and enhances the patient experience. The average patient wait time across specialties in U.S. cities is 20 minutes.

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Navigating the Shift to Value-Based Care: Investing in the Patient Experience

Relias

In the past, healthcare payments from insurers came after providing services to patients, known as a fee-for-service model. Consequently, healthcare organizations have incentive to prioritize improving care coordination, providing cost-effective care, and ensuring a superior patient experience.

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5 issues in the check-in process that impact your medical practice 

Health Prime

Inaccurate information can include: Incorrect personal details Outdated insurance data Incomplete medical histories These errors in data entry can result in claim denials from insurance companies, leading to payment delays and financial losses for the practice.

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EHR Revenue Cycle Management: A Massive Potential

Arkenea

By automating reminders for due payments, healthcare providers can ensure prompt collections, thereby improving the cash flow without negatively impacting the patient experience. This automation reduces administrative burden while improving schedule utilization rates and minimizing revenue loss from unfilled appointment slots.

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Proactive denial management: A revenue game changer for small practices

Medical Economics

Industry data showed that insurers on HealthCare.gov denied about 19% of in-network claims in 2023 ; that’s $73 million out of $319 million in claims filed. For example, if you see a spike in denials from a particular insurer due to eligibility, you know exactly where to focus your front-end efforts.