Written by Christopher Salisbury
An automated posting and receivables management solution assists an optometric practice reduce A/R and maximize its human resources.
With a new chief executive officer at the helm and opportunities for growth on the horizon, one of North Carolina’s premier optometric practices saw an unprecedented opportunity to improve how it managed receivables and revenues. To that end, Horizon Eye Care focused on streamlining internal workflow to decrease days in accounts receivable and on identifying strategies to maintain current levels of staffing during this period of expansion. Among its top priorities was the adoption of claims management technology that would permit auto-posting to an existing practice management (PM)system with the goal of reducing delays and minimizing reliance on manual processes.
Written by Jason Burke and Rick Ingraham
Financial departments make or break organizations. Can BI improve healthcare CFO success?
Healthcare in the U.S. is on the cusp of monumental change. Already, the hospital and provider community is dealing with varying stages of consumer-directed healthcare and public access to quality and cost metrics; heightened focus on compliance with evidence-based care protocols; and, a staggering number of tier-network and reimbursement programs. Each of these fundamentally affects revenue streams, expense management and the ability to compete. Considered alongside the external economic forces impacting all industries, it is clear that healthcare industry executives must evaluate an increasing amount of information to best assess their organization’s health and future.