According to estimates, hospitals are losing three to five percent of their net revenue from inconsistencies in revenue cycle management. Leading hospitals are opting for outsourcing the Healthcare Revenue Cycle UAE. The driving factors for this transformation include:
The pressing need to maintain a healthy bottom-line owing to the proliferation of credit payments as well as certain charity activities of the hospital. Hospital resources are limited.
Increasing time cycles to realize payments from insurance companies for services already rendered to patients.
Long revenue cycles increasing the incidence of bad debts.
Growing complexity of payer models.
For outsourcing your hospital revenue cycle Abu Dhabi, visit our website or give us a call today.
When you outsource your revenue management to FTC, we undertake the responsibility for collecting the bad debts. We make sure that the patient who has arrived with insurance has all background checks done. We focus on minimizing errors and preventing costly mistakes. For comprehensive healthcare auditing UAE, give us a call now. We look forward to hearing from you.
You can outsource the entire range of activities including verification of patient coverage, hospital admission, treatment, discharge, post-discharge, claims, and accounts settling. This includes:
To partner with professionals in Healthcare Auditing UAE, please call us today. We will be happy to address your queries and concerns.
For a healthy Hospital Revenue Cycle Abu Dhabi, please call us today. We look forward to be a partner in your professional care.
A recent 'Black Book' the survey suggests that top health care providers over the world plan to outsource their revenue cycle management by 2019. Approximately 18 percent of the over 700 hospital leaders surveyed reported complete outsourcing of their revenue cycle management functions. Please see the reference link below for details:https://revcycleintelligence.com/news/revenue-cycle-management-outsourcing-market-to-grow-at-11.9-cagr
For an interesting read on the most common overlooked details related to Revenue Cycle Management, please click on the link below:https://www.beckershospitalreview.com/finance/65-rcm-tips-from-2017.html
To schedule an appointment related to healthcare revenue cycle UAE, please call us today.
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Fast Track Claims Management Consultancy
Abu Dhabi, U.A.E
Phone: +971 2 6580360
Mobile: +971 52 3747557
Fax: +971 2 6657764