Infographic: Is Your Practice Collecting All of Its Earned Revenue?

Monday, April 29th, 2019
This post was written by Melanie Matthews

U.S. physician practices lose $125 billion every year due to poor billing practices, according to a new infographic by AllMeds. Unfortunately, many healthcare providers aren’t even aware that they’re leaving money on the table or of the steps they can take to maximize collections.

The infographic provides two key steps to improve revenue cycle management.

Medicare Chronic Care Management Billing: Evidence-Based Workflows to Maximize CCM RevenueSince the January 2015 rollout by CMS of new chronic care management (CCM) codes, many physician practices have been slow to engage in CCM.

Arcturus Healthcare, however, rapidly grasped the potential of CCM to improve patient outcomes while generating care coordination revenue, estimating it could earn up to $100,000 monthly for qualified patients treated in its four physician practices—or $1 million a year.

Medicare Chronic Care Management Billing: Evidence-Based Workflows to Maximize CCM Revenue traces the incorporation of CCM into Arcturus Healthcare’s existing care management efforts for high-risk patients, as well as the bonus that resulted from CCM code adoption: increased engagement and improved relationships with CCM patients.

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