Where is your money going, and are you getting everything you have earned? According to the American Counseling Association, many behavioral healthcare practices are collecting less than 85% of what is owed to them from insurance organizations.
Every business has lots of moving parts, and this can cause things to fall through the cracks. It’s an understandable problem and not always critical, but when you are losing revenue collection opportunities – up to 15 cents of every healthcare dollar – that turns directly into money lost for your organization.
This whitepaper provided by Waystar, previously known as ZirMed, will help plug the leaks in your revenue by identifying where the issues originate, how to work with patients and their insurance providers, and ultimately improve your behavioral healthcare facility’s optimization.
Download Reversing Revenue Leakage: Opportunities in Behavioral Health Practices to:
- Find and plug your revenue leaks
- Understand how practices like write-offs and charity care factor into revenue leakage
- Improve your company’s relationship with insurance providers