Maximizing Efficiency and Financial Performance: Why Healthcare Providers are Turning to Business Process Outsourcing (BPO)
Posted on July 25, 2024 by Kylene Ordway
Hospitals and medical providers increasingly turn to business process outsourcing (BPO) for a variety of compelling reasons. The healthcare landscape is becoming more complex, with ever-changing regulations, increasing administrative burdens, and the constant pressure to improve financial performance. Managing insurance denials, in particular, requires specialized expertise and dedicated resources that many healthcare facilities may not possess in-house. Outsourcing to a…
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KeyBridge Expertise
Learn how KeyBridge Medical is changing the way the healthcare industry views the patient experience.
Maximizing Efficiency and Financial Performance: Why Healthcare Providers are Turning to Business Process Outsourcing (BPO)
Posted on July 25, 2024 by Kylene Ordway
Hospitals and medical providers increasingly turn to business process outsourcing (BPO) for a variety of compelling reasons. The healthcare landscape is becoming more complex, with ever-changing regulations, increasing administrative burdens, and the constant pressure to improve financial performance. Managing insurance denials, in particular, requires specialized…
Top 3 early out collection strategies to keep patients happy
Posted on June 9, 2023 by Kylene Ordway
In the complex world of medical debt collections, maintaining a positive patient experience is crucial for healthcare providers and debt collection agencies alike. Striking the right balance between efficient debt recovery and patient satisfaction is a challenge. For KeyBridge Medical Revenue Care, specializing in hospital…
How can medical billing services benefit a healthcare provider?
Posted on March 29, 2023 by Kylene Ordway
One key thing to understand about medical billing is that you're ultimately talking about so much more than just making sure patients pay their bills on-time.
The ease of the billing process directly impacts the quality of the patient experience, which…
What is Healthcare Revenue Cycle Management?
Posted on February 22, 2023 by Kylene Ordway
It doesn't matter what type of healthcare organization you're talking about - be it a small, private practice or a large, national hospital system - each and every one of them provides potentially life-saving care to patients on a daily basis. But at the same…
Recent Trends and Roles of Emerging Technologies in Revenue Cycle Operations
Posted on January 31, 2023 by Sheldon A. Pink, VP of Revenue Cycle, Luminis Health
Technology will continue to drive the revenue cycle industry due to the continuous newly identified needs of our patients, organizational financial pressures, and state and federal regulation.
The healthcare revenue cycle technology space has significantly evolved over the past five years. Before the pandemic, there…
How Data-Analysis Can Improve Your Medical Revenue Recovery
Posted on January 16, 2023 by Kylene Ordway
Information is powerful. Without a doubt, many of today’s medical centers, private practices, and large hospital systems struggle to ensure accuracy and an understanding of their patients’ financial needs. Yet, as a provider, the better you manage your debt, the more effective you…
How to Succeed in Self-pay Collections
Posted on December 15, 2022 by Kylene Ordway
Patients are increasingly more responsible for paying their medical bills outright. High deductible health plans, for example, have made it more common for patients to be responsible for a much larger portion of their medical bills, and some people have no insurance. This means there…
The 3 Most Time-Consuming Tasks in Medical Billing: Why You Need to Outsource
Posted on October 31, 2022 by Kylene Ordway
As your healthcare practice or business grows, there is a need for added support to manage your medical billing. Yet, even in a small practice, it is now more difficult than ever to ensure you have enough people putting the right amount…
Is BPO the Solution for Back-Office Shortages?
Posted on September 22, 2022 by Kylene Ordway
Unfortunately, the healthcare industry faces a massive labor shortage, extending beyond clinicians and nurses to the back office. The back office is the part of a medical practice that patients rarely see. The “business” side of the practice deals with medical coding, debt…
Templates to use in Debt Collection
Posted on August 30, 2022 by Kylene Ordway
According to the United States Census Bureau data, 19% of American households had medical bills they couldn't pay for right away. The median debt is $2000 — however, only 39% of Americans have…