Reimbursement Policy Update Bulletin: UHC March 2021

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Revenue cycle check-up:

Assessing the Internal Components to get a Clear Picture of Your Practice’s Financial Health

From MGMA Connection  January 2021

With fee-for-service almost in the rearview mirror and pay for quality now a reality, it’s time to transform the revenue cycle.

The drudgery of antiquated manual processes and the accumulated effects of burnout from a year of pandemic challenges may have you wondering where to begin with transforming from volume to value.

That’s where an internal revenue cycle assessment can be useful. Some activities, such as financial assessment, may require monthly review. Others — such as SWOT (strengths, weaknesses, opportunities, threats) analyses — are performed annually.

Click to view the full article here in the Ink file called “The Business End”.