Millennia Blog 2024 Healthcare Revenue Cycle Management and Payment Trends Millennia November 17, 2023 2024 Healthcare Revenue Cycle Management and Payment Trends Many healthcare organizations have faced challenges in 2023, from industry-wide staffing shortages to adopting telehealth to keeping up with digitized healthcare. As the year comes to a close, your healthcare facility can look to emerging solutions to stay ahead of the curve in 2024. Healthcare data analytics offer so much more than transparency into your expenses. Today, it plays a vital role in your facility’s revenue cycle management (RCM) framework. Thanks to ever-evolving technology, healthcare facilities can transform their processes Read More » How to Prepare for 2024 Deductible Resets Millennia November 10, 2023 Let’s be honest — health care payment complexities often leave patients frustrated and health care providers perplexed. The concept of deductible resets is anything but straightforward, and many patients find themselves in the dark about their health care plan’s policies. However, it’s time to change that. As we usher in the new year, both health care patients and providers are confronted with a common challenge, which is the resetting of insurance deductibles. This annual ritual requires many patients to once again dip into their pockets Read More » What Is Patient Centricity in Healthcare? Millennia November 8, 2023 What Is Patient Centricity in Healthcare? Historically, patients have played relatively small roles in their healthcare experiences. They might have left the doctor’s office with inadequate knowledge of their diagnosis, vague instructions to see another provider and a prescription they didn’t understand. Today’s providers are taking a better approach — one that prioritizes the patient’s role in their care. Patient-centric care is driving the industry forward, and organizations must embrace it if they plan to continue offering the best care possible. What Is Patient Centricity? Patient Read More » Six Tips For Collecting Patient Balances Millennia October 30, 2023 As patients take on more and more responsibility for health care costs, providers must adapt with tools and tactics to ensure a timely revenue cycle. With the right approach to revenue cycle management (RCM), you can guide your patients through their care journey and the payment process with a complete end-to-end solution and a unified experience, all powered by intelligent automation that simplifies backend requirements. Read More » How to Prevent Eligibility Rejections and Denials Millennia October 23, 2023 Sometimes, you may notice that your patient’s insurance provider rejects or denies your medical claim. This can occur due to a number of reasons, including incorrect or incomplete information. Fortunately, one study shows that healthcare providers can prevent around 90% of eligibility denials in medical billing. Given the financial and personal importance of medical billing, it’s essential to implement new practices to help prevent eligibility rejections and denials. That’s why we put together this guide to help you understand how to work on denials in medical billing. 5 Ways to Prevent Insurance Denials Eligibility denials in medical billing Read More » We Opened a Command Center in Rocky Mount, NC! Millennia October 6, 2023 Millennia’s brand new, state-of-the-art Command Center will serve as the heart of Millennia’s employees, providing an energetic workspace that will support the Millennia client base across the country, while maintaining our commitment to our US-based focus when it comes to working with and speaking with patients. Alongside Millennia’s headquarters in Cary, North Carolina, the Command Center will also be Millennia’s innovation hub, fueling Millennia’s development of new patient engagement technologies and solutions, while building a culture of excitement and collaboration. “At Millennia, we strive to Read More » 5 Surprising Ways Mobile Pay Can Streamline Healthcare Revenue Recovery Millennia August 10, 2023 In today’s increasingly digital world, mobile payment solutions have gained widespread popularity across various industries, including healthcare. Beyond the convenience and security they offer, mobile payment technologies can also play a significant role in streamlining hospital revenue recovery. From improving patient collections to reducing administrative burden, leveraging mobile pay in healthcare settings can bring surprising benefits to revenue management. Below, we cover the best way to collect money from patients and how mobile pay can streamline healthcare revenue recovery, revolutionizing the financial landscape for healthcare providers. Revenue Read More » Is ChatGPT really ready to help healthcare professionals help their patients? Millennia July 27, 2023 A word from Bob Zurek: Chief Technology Officer Not a day goes by when the talk of technology revolves around ChatGPT. Thousands of articles are driving perspectives around the use of ChatGPT, as well as cautionary tales noting how the use of AI and solutions like ChatGPT can go wrong or even harm businesses and individuals. Like any new innovation, there is always great skepticism and a sense of excitement and opportunity as well. The good news is that AI innovation is clearly alive and Read More » 6 Tips to Improve Your Self-Pay A/R Follow-Up Strategy Millennia July 18, 2023 Your healthcare facility’s success depends on steady revenue from patients. Missed or overdue payments can disrupt cash flow, making it harder to cover expenses. Your accounts receivable (A/R) displays the balance owed to your facility by patients, helping you keep track of unpaid expenses. Improving your A/R follow-up strategy lets you maintain a healthier revenue cycle. You can implement various strategies to decrease missed payments and boost customer engagement throughout the process. Learn more about enhancing A/R collection techniques. 6 Tips to Maximize Cash Collections Read More » How to Encourage User Adoption of Mobile Payment Options Millennia July 11, 2023 As mobile payment options continue to gain prominence, businesses and organizations across various industries — especially healthcare — are seeking ways to encourage user adoption of these convenient and secure digital payments. While the benefits of mobile payments are evident, some users may still be hesitant to embrace them fully. Below, we explore healthcare payer digital transformation, challenges of user adoption and benefits of mobile payments. By understanding the barriers to adoption and employing a proven healthcare digital strategy, you can drive increased usage of mobile payments, Read More » Page1 Page2 Page3 Page4 Page5 Subscribe to Our Blog The latest news, articles, and resources, sent to your inbox. First Name Last Name Email Address Subscribe to Blog Categories Company Updates (8) Industry Insights (2) Patient Experience (5) Patient Payments (4) Press Releases (4) Success Stories (3) Uncategorized (28)
2024 Healthcare Revenue Cycle Management and Payment Trends Millennia November 17, 2023 2024 Healthcare Revenue Cycle Management and Payment Trends Many healthcare organizations have faced challenges in 2023, from industry-wide staffing shortages to adopting telehealth to keeping up with digitized healthcare. As the year comes to a close, your healthcare facility can look to emerging solutions to stay ahead of the curve in 2024. Healthcare data analytics offer so much more than transparency into your expenses. Today, it plays a vital role in your facility’s revenue cycle management (RCM) framework. Thanks to ever-evolving technology, healthcare facilities can transform their processes Read More »
How to Prepare for 2024 Deductible Resets Millennia November 10, 2023 Let’s be honest — health care payment complexities often leave patients frustrated and health care providers perplexed. The concept of deductible resets is anything but straightforward, and many patients find themselves in the dark about their health care plan’s policies. However, it’s time to change that. As we usher in the new year, both health care patients and providers are confronted with a common challenge, which is the resetting of insurance deductibles. This annual ritual requires many patients to once again dip into their pockets Read More »
What Is Patient Centricity in Healthcare? Millennia November 8, 2023 What Is Patient Centricity in Healthcare? Historically, patients have played relatively small roles in their healthcare experiences. They might have left the doctor’s office with inadequate knowledge of their diagnosis, vague instructions to see another provider and a prescription they didn’t understand. Today’s providers are taking a better approach — one that prioritizes the patient’s role in their care. Patient-centric care is driving the industry forward, and organizations must embrace it if they plan to continue offering the best care possible. What Is Patient Centricity? Patient Read More »
Six Tips For Collecting Patient Balances Millennia October 30, 2023 As patients take on more and more responsibility for health care costs, providers must adapt with tools and tactics to ensure a timely revenue cycle. With the right approach to revenue cycle management (RCM), you can guide your patients through their care journey and the payment process with a complete end-to-end solution and a unified experience, all powered by intelligent automation that simplifies backend requirements. Read More »
How to Prevent Eligibility Rejections and Denials Millennia October 23, 2023 Sometimes, you may notice that your patient’s insurance provider rejects or denies your medical claim. This can occur due to a number of reasons, including incorrect or incomplete information. Fortunately, one study shows that healthcare providers can prevent around 90% of eligibility denials in medical billing. Given the financial and personal importance of medical billing, it’s essential to implement new practices to help prevent eligibility rejections and denials. That’s why we put together this guide to help you understand how to work on denials in medical billing. 5 Ways to Prevent Insurance Denials Eligibility denials in medical billing Read More »
We Opened a Command Center in Rocky Mount, NC! Millennia October 6, 2023 Millennia’s brand new, state-of-the-art Command Center will serve as the heart of Millennia’s employees, providing an energetic workspace that will support the Millennia client base across the country, while maintaining our commitment to our US-based focus when it comes to working with and speaking with patients. Alongside Millennia’s headquarters in Cary, North Carolina, the Command Center will also be Millennia’s innovation hub, fueling Millennia’s development of new patient engagement technologies and solutions, while building a culture of excitement and collaboration. “At Millennia, we strive to Read More »
5 Surprising Ways Mobile Pay Can Streamline Healthcare Revenue Recovery Millennia August 10, 2023 In today’s increasingly digital world, mobile payment solutions have gained widespread popularity across various industries, including healthcare. Beyond the convenience and security they offer, mobile payment technologies can also play a significant role in streamlining hospital revenue recovery. From improving patient collections to reducing administrative burden, leveraging mobile pay in healthcare settings can bring surprising benefits to revenue management. Below, we cover the best way to collect money from patients and how mobile pay can streamline healthcare revenue recovery, revolutionizing the financial landscape for healthcare providers. Revenue Read More »
Is ChatGPT really ready to help healthcare professionals help their patients? Millennia July 27, 2023 A word from Bob Zurek: Chief Technology Officer Not a day goes by when the talk of technology revolves around ChatGPT. Thousands of articles are driving perspectives around the use of ChatGPT, as well as cautionary tales noting how the use of AI and solutions like ChatGPT can go wrong or even harm businesses and individuals. Like any new innovation, there is always great skepticism and a sense of excitement and opportunity as well. The good news is that AI innovation is clearly alive and Read More »
6 Tips to Improve Your Self-Pay A/R Follow-Up Strategy Millennia July 18, 2023 Your healthcare facility’s success depends on steady revenue from patients. Missed or overdue payments can disrupt cash flow, making it harder to cover expenses. Your accounts receivable (A/R) displays the balance owed to your facility by patients, helping you keep track of unpaid expenses. Improving your A/R follow-up strategy lets you maintain a healthier revenue cycle. You can implement various strategies to decrease missed payments and boost customer engagement throughout the process. Learn more about enhancing A/R collection techniques. 6 Tips to Maximize Cash Collections Read More »
How to Encourage User Adoption of Mobile Payment Options Millennia July 11, 2023 As mobile payment options continue to gain prominence, businesses and organizations across various industries — especially healthcare — are seeking ways to encourage user adoption of these convenient and secure digital payments. While the benefits of mobile payments are evident, some users may still be hesitant to embrace them fully. Below, we explore healthcare payer digital transformation, challenges of user adoption and benefits of mobile payments. By understanding the barriers to adoption and employing a proven healthcare digital strategy, you can drive increased usage of mobile payments, Read More »