Healthcare Accounts Receivable Impact on Cash Flow Millennia / July 2, 2025 Accounts receivable in healthcare refers to the money owed to doctors, hospitals and other medical providers for the services they’ve provided to patients. Effective AR management is critical for a […]
10 Strategies for Increasing Medical Billing Efficiency Millennia / June 10, 2025 The medical billing process can be a hassle for health care organizations and patients, but it doesn’t have to be. Learn how to create an efficient health care billing process […]
The Ultimate Guide to Self-Pay in Healthcare for Organizations Millennia / June 3, 2025 As patient financial responsibility increases, healthcare providers face challenges with declining collection rates, more strain on administrative staff and longer payment cycles. These issues, along with confusing billing processes, can […]
How to Handle Problems With Self-Pay Patients Millennia / May 20, 2025 As the number of self-pay patients increases, healthcare providers are facing greater challenges in collecting payments. In fact, the patient collection rate in the United States dropped to 47.8% in 2023. To […]
How to Prepare for 2025 Deductible Resets Millennia / January 13, 2025 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 […]
Seasonality in Patient Payments Millennia / January 8, 2025 You might notice seasonality in patient payments at your healthcare practice throughout the year. These predictable fluctuations significantly impact revenue and financial planning. To stay ahead of industry trends, you’ll […]
Strategic Revenue Cycle Management as Ambulatory Volumes Increase Millennia / October 17, 2024 Experts predict healthcare outpatient volume will surge soon, with more facilities investing in ambulatory care each year. Studies project an 18% increase in outpatient volume in 2024, reaching 109.5 million by 2033. While skyrocketing demand for outpatient care […]
Are Your Text Messages to Patients HIPAA Compliant? Millennia / September 5, 2024 HIPAA-compliant texting is a complicated topic in healthcare. On one hand, texting patients without their consent or mishandling personal medical information can lead to consequences for you and your healthcare […]
Unlocking Patient Payment Potential in Healthcare Millennia / August 2, 2024 Revenue cycle management processes are designed to ensure providers receive accurate payment for the services they provide their patients. Because most of that revenue is driven by insurance and government […]
Evolution of Patient Financial Responsibility Millennia / July 26, 2024 Healthcare is a constantly shifting landscape. As healthcare providers work to deliver excellent patient care while staying on top of their revenue, they need help improving the patent’s financial journey. […]
