Blog
Clean claims indicate your medical practice follows proper medical billing, coding, and processing guidelines. But if your practice isn't tracking clean claims or taking steps to main their consistency, your cash flow and reputation with payers can quickly deteriorate.
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Finding the right medical billing company can be challenging, especially when there are nearly 2,000 active companies in the US alone. Coupled with over 130,000 hospital and non-hospital facilities across the US and over 900 health insurance companies, the medical billing and healthcare industry is constantly changing and evolving. If healthcare practices are behind on the latest billing and market trends, they can find themselves struggling to meet patient needs and stay operational.
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In today's healthcare market, with rising medical costs, expanded insurance coverage, and pandemics, medical practices can't afford revenue leakage. Unfortunately, one report states that more than 40% of healthcare organizations lose 10% or more of annual revenues, 19% lose more than 20% to revenue leakage, and 23% don't know how much they're losing.
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Most healthcare providers know that in order to keep a business thriving, they'll need to advertise and promote their services online to reach new customers. But many practices can forget or fail to maintain their existing customers, one of the biggest sources of revenue with the lowest acquisition costs.
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Hansei Solutions takes great pride in acknowledging and honoring the invaluable contributions of the talented women who've helped shape this company. This blog is dedicated to three women who have been with Hansei since its inception: Gayle Hanson, our Chief People Officer; Jessica Cupp, Chief Operating Officer; and Stephanie Howland, Director of Operations.
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