Breaking the Cycle of Denials: How HealthRecon Connect Empowers Providers to Optimize Revenue Cycle Management
In the world of healthcare revenue cycle management, claim denials remain one of the most persistent challenges. They disrupt cash flow, increase administrative burdens and ultimately impact a healthcare provider’s ability to deliver quality care. According to industry estimates, the average denial rate for medical claims can range between 5% to 10%, with some institutions […]
Revenue Cycle Management Red Flags: Vital Warnings You Can’t Ignore
In healthcare revenue cycle management (RCM), identifying warning signs early can help prevent financial setbacks and enhance efficiency. Revenue cycle red flags typically signal potential issues within billing, collections, or overall financial management. As RCM experts, here are some of the primary indicators we warn you about. 1. High Accounts Receivable (AR) Over 90 Days It […]
Six Must-Know Insights to Boost Laboratory Revenue Performance
Understanding the key statistics that drive laboratory revenue cycle management (RCM) is important for optimizing operational efficiency and achieving long-term financial stability. By utilizing data-driven insights, laboratories can identify potential bottlenecks, streamline billing processes, and reduce costly errors such as claim denials and payment delays. These metrics provide a clear roadmap for laboratories to enhance […]
Stop Denials Dead: Unleash 7 Power Plays for Claim Mastery in 2025
Does it feel like claim denials keep slipping through the cracks no matter how hard you try? You are not alone. Every day, medical practices like yours are losing thousands of dollars that could have been prevented through easily avoidable mistakes. But what if there was a way to stop the chaos and take control? […]
Top 7 Benefits of Outsourcing Revenue Cycle Management in 2025
Feeling overwhelmed by the constant battles caused by managing your RCM (Revenue Cycle Management) in-house? Endless regulation changes, denied claims, and the battle of finding and keeping skilled billing staff feels like a never-ending NIGHTMARE? But what if there was a better way? In 2025, outsourcing RCM could be your game-changer for boosting profits, cutting […]
Five Practical Ways Embedded AI is Reshaping Revenue Cycle Management
Healthcare providers are under immense pressure to cut costs while maintaining high standards of care. Revenue cycle management (RCM) activities such as coding and claims processing are essential yet labor-intensive. Providers are grappling with staff shortages, shifting payor policies, and a surge in claim denials. Integrating AI into RCM helps providers stay competitive and enhance […]
KOLLECT1 – Streamline Payments and Boost Your Organization’s Revenue.
ABOUT KOLLECT1 Kollect1 is an all-in-one inventory management platform that automates debt recovery processes, streamlines communication with customers, and ensures timely payments. With features like automated SMS and email reminders, it empowers businesses to manage outstanding balances efficiently and improve cash flow. WHY KOLLECT1? In a landscape where traditional collection methods often involve persistent phone […]
HealthRecon Connect Successfully Achieves SOC 2 and SOC 3 Compliance
(Dallas) – HealthRecon Connect, a leading technology enabled revenue cycle management solutions provider to US Healthcare Providers, reaffirmed its commitment to maintaining high standards of service delivery and internal security controls by achieving SOC 2 and 3 compliance. HealthRecon Connect engaged ControlCase as the official Qualified Security Assessor (QSA) company to assist in achieving and […]
Combating Healthcare Fraud and Securing Your Revenue Cycle Management
The healthcare industry has been increasingly targeted by fraud, with significant repercussions for both providers and patients. In 2024 alone, healthcare fraud incidents have surged, compromising patient care and leading to billions in losses. Understanding the prevalent fraud schemes and implementing robust security measures is crucial for healthcare organizations to safeguard their operations and clients. […]
The Crucial Role of Cybersecurity in Revenue Cycle Management
Safeguarding Financial Health in Healthcare In the digital age, healthcare organizations are not just centers of healing; they are also custodians of vast amounts of sensitive data. This data fuels two critical domains: revenue cycle management (RCM) and cybersecurity. The intricate interconnection between these two domains is vital for the financial health and operational security […]
