Retaining More Revenue with Front-End Solutions

| December 31, 2018

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Patients financial liability in paying for healthcare services isalmost unrecognizable from that prior to the early 2000s, yet many organizations, including clinical laboratories, have struggled to modernize their collection practices in turn. As a result of this mismatch, labs risk not just losing out on uncollected revenue, but also wasting time and resources on futile or minimally effective back-end collection efforts. Reversing the problem is possible, however, by implementing the right best practices and revenue cycle management technologies. In particular, maximizing patient access early in the revenue cycle can
help patients manage their financial responsibility and preempt many unnecessary denials, payment delays, and uncollected balances.

Spotlight

Barchester Healthcare

Founded in 1993 with just one care home, Barchester Healthcare now employs over 17,000 people to care for 10,000 residents at over 200 purpose-built care homes across the UK and seven private hospitals in the North East. Our care homes specialise in elderly care and our hospitals specialise in mental health. We continue to grow steadily with new developments planned into the future. Consistently remaining at the forefront of private healthcare in the UK, we have a solid reputation gained not only for providing award-winning care and services to thousands of residents throughout the UK, but also for investment in our employees. Our culture and values: From the beginning, our principles have remained the same; to provide quality environments that nurture our residents and their families, and to provide workplaces that reward and inspire our employees.

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Spotlight

Barchester Healthcare

Founded in 1993 with just one care home, Barchester Healthcare now employs over 17,000 people to care for 10,000 residents at over 200 purpose-built care homes across the UK and seven private hospitals in the North East. Our care homes specialise in elderly care and our hospitals specialise in mental health. We continue to grow steadily with new developments planned into the future. Consistently remaining at the forefront of private healthcare in the UK, we have a solid reputation gained not only for providing award-winning care and services to thousands of residents throughout the UK, but also for investment in our employees. Our culture and values: From the beginning, our principles have remained the same; to provide quality environments that nurture our residents and their families, and to provide workplaces that reward and inspire our employees.

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