BC Advantage - 2021 Issue 6

The Coder: The Hidden Revenue Generator

Businesses must reduce expenses and increase revenue to maintain growth and a competitive position. The medical field is a business with multiple added issues. Businesses face the expenses of rapidly increasing technology, an aging population, an ever-demanding expectation, and changing payer rules that risk delays, denials, and audit exposure.While costs must be controlled, cost cutting alone cannot keep a facility open. This will require looking in depth at the income stream. The revenue cycle must not just be protected, but enhanced. Enhancement is best accomplished by providers. Not by relying on patient contacts or procedures, but by optimizing...

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