When it comes to medical billing profit margins, the phrase “no margin, no mission” can ring too true. After all, if a care center doesn’t bring in enough revenue to keep things running, any higher purpose they have is meaningless.
Medical Billing Revenue Cycle Management: Are Gross Versus Net Margins Hurting Your Mission?
Mar 25, 2024 1:00:00 PM / by Chris Caspar, CEO
Net Collection Rate: How to Improve Rates at Your Practice
Mar 22, 2024 2:18:52 PM / by Altruis posted in Net Collection Rate
What’s your health center’s net collection rate? Prompt collections keep your practice thriving. Every payment or reimbursement helps cover your costs to ensure you can keep your doors open another day.
How FQHCs Can Use Retroactive Medicaid to Grow Revenue
Mar 14, 2024 11:31:00 AM / by Altruis posted in Retroactive Medicaid, What is FQHC
Organizations that care for Medicaid patients and the underserved often end up with substantial self-pay write-offs. After all, federally qualified health centers FQHCs and other safety-net organizations don’t turn anyone away. Their mission is to provide high-quality care to all, regardless of insurance status or ability to pay.
FQHC Medicare Billing FAQs
Mar 11, 2024 2:29:04 PM / by Altruis posted in FQHC Billing, medicare wrap
When it comes to billing, Medicare reimbursement is a vital revenue stream for most federally qualified health centers (FQHCs). Yet many centers are missing out on the additional revenue they’re owed for Medicare Advantage patients.
This is a growing concern for FQHC billing as an increasing number of patients are choosing Medicare Advantage plans. Over the years, most beneficiaries opted for traditional Medicare plans, but a growing percentage of patients are enrolling in Medicare Advantage plans instead.
Revenue Cycle Solutions: Staff Augmentation vs. All-in-One Solution
Mar 11, 2024 2:20:24 PM / by Altruis posted in Revenue Cycle Solutions, Revenue Cycle Management Staffing
Is your healthcare organization striving to become more financially stable this year? Are you concerned that your current staff can’t manage revenue-related tasks while keeping the focus on patient care? If so, it’s time to evaluate two main revenue cycle solutions: staff augmentation or hiring an all-in-one revenue management partner. Either could be the right solution, but it’s important to review the qualities of each before moving forward.