What causes shrinking profitability?
Often, the cause lurks in outdated revenue cycle processes, such as non-compliance with new federal regulations, or in changes in patient behavior.
The transition to value-based reimbursement requires practices to adjust workflows. Reporting for value-based programs is also time-consuming — most practices lack the resources to properly adapt.
In addition, high out-of-pocket expenses for patients make it difficult for practices to increase or stabilize profitability when patients are less likely to pay. Practices can get ahead of this challenge by verifying eligibility and collecting co-pays before or at the time of service.
How can I get on the path to increased profitability?
Revenue cycle management
Greenway Health’s revenue cycle management (RCM) services streamline operational and financial processes for peak performance. Medical coding and auditing can further increase profitability.
Enhanced patient engagement
Engaging with patients through Greenway Patient Portal and Patient Messaging solutions allows you to increase patient loyalty, meet value-based and pay-for-performance goals, and achieve better clinical outcomes — without adding extra work.
Chronic care management
Greenway Health's resources and services can guide your practice in its efforts to boost profitability, enhance patient care, and improve outcomes by being proactive in your approach and taking advantage of the Chronic Care Management Fee.
Understanding eligibility: 5 questions answered
Patient collections: Best practices for the front office
GRS Lunch & Learn series - An up-close look at eligibility
GRS Lunch & Learn series - Optimizing the front office for revenue cycle success
When you're ready for a smarter approach to revenue, we're here.