It’s now the middle of the year. How are your revenue cycles doing so far?
If you’re shrugging your shoulders or letting out a loaded sigh, chances are your revenue cycles aren’t flowing as smoothly as they should be, and we know the biggest reason why: claim denials and delays.
As much as you’d like to keep your cash moving, there always seems to be a snag when it comes to claims. For some unfortunate physical therapists, waiting for reimbursements can even take up to five months! That’s more of a sinkhole than a cycle, and you need to get out of there fast.
The first step to getting out of that revenue rut is to recognize the biggest causes of claim denials and delays. Only by knowing and understanding these causes can you avoid them and consequently make sure that your revenue cycles keep turning in the right pace.