Infographic: 3 Ways to Maximize Medical Billing Collection Rates

Friday, July 19th, 2019
This post was written by Melanie Matthews

Medical billing complexities account for several hundred billion dollars’ worth of lost revenue to U.S. healthcare providers each year, according to a BMC Health Services Research study highlighted in a new infographic by SutterHealthPlus.

The infographic provides three operational best practices that can significantly improve medical billing collection rates.

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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