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5 Questions To Ask Before Outsourcing Your Revenue Cycle Management
https://www.keybridgemed.com/2021/10/25/5-questions-to-ask-before-outsourcing-your-revenue-cycle-management/
As healthcare costs rise, and administrative burdens grow, healthcare providers are increasingly looking to outsource parts of their services to alleviate some of the strain. If your organization is considering outsourcing your revenue cycle management, you’re not alone. By 2023 the outsourced revenue cycle management market is expected to be worth $23 billion. Outsourcing is not just a great solution…
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How Consumers Think About Hospital Debt Collection
https://www.keybridgemed.com/2021/09/20/how-consumers-think-about-hospital-debt-collection/
In 2020, consumer finance company Credit Karma conducted an analysis of 20 million members in the United States. The results showed that Americans owed a total of $45 billion in medical debt — around $2,200 per member surveyed. Hospitalizations were responsible for one-quarter of all the medical debt. Medical debt has been growing since the coronavirus pandemic, during which millions…
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The ROI of Healthcare Culture
https://www.keybridgemed.com/2021/08/20/the-roi-of-healthcare-culture/
Healthcare may be an essential need with a potentially unlimited supply of patients, but the costs of running a medical practice are high and increase rapidly. Whether you operate a private practice or lead a larger group, you need to balance the cost of doing business with delivering high-quality patient care. Making intelligent business decisions to increase your return on…