White Paper: Partners In Profitability: How To Choose The Right Clearinghouse For Your Practice

Every business must endure the current rocky economy, but physician practices are uniquely affected by a true business anomaly. The demand for physician services continues on a strong upward course, yet profitability is not growing with it. Just the opposite, in fact. Revenue increasingly is squeezed by declining payer reimbursement rates and rising operating costs. The looming threat of Medicare and Medicaid cuts continually plagues practices, as well. Further complicating matters is the emergent trend toward patient-directed healthcare. With more direct patient billing comes more risk; patients are, in essence, becoming individual, small-dollar payers who can additionally burden your accounts receivable (A/R) efforts.

As a result, proactive revenue cycle management (RCM) now plays a larger role than ever in practice profitability. Big or small—general practice or sub-specialty—success ultimately depends on receiving full, timely reimbursement from payers and minimizing patient A/R exposure risk.