Industry News

In the complex world of healthcare, reducing medical claims denials in your medical practice is critical for maintaining operational efficiency and revenue flow. By identifying the most common reasons for claims denials and implementing effective strategies, you can safeguard your practice’s financial health and improve patient care. In this article,

Where Do You Rank With The Payors? Read Time: 2 Min Not to sound “Big Brother-y” Source: Wakefield Yes, They’re Keeping Track of You Not to sound “Big Brother-y” but the payors and their third party vendors keep track of every interaction they have with your staff, especially when it comes to

Ready to Optimize Your Workflow? Read Time: 2 Min What You Will Learn: Healthcare Receivables Group Joins Revenue Cycle Leader Wakefield Source: Wakefield Revenue Cycle Specialists We don’t just bill & collect…we analyze & optimize! Whether you’re a big or small operation, revenue cycle is a tedious but necessary process

Healthcare Receivables Group Joins Revenue Cycle Leader Wakefield to Strengthen Accounts Receivable Service Lines Read Time: 2 Min What You Will Learn: Healthcare Receivables Group Joins Revenue Cycle Leader Wakefield Source: Wakefield Wakefield, a leading healthcare revenue cycle solutions company, announced today that Healthcare Receivables Group (HRG) has joined the

We’re creating a better way to work together, built on trust & respect that will reflect a positive change in the world. Wakefield is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race, religion or background. Our

We’re creating a better way to work together, built on trust & respect that will reflect a positive change in the world. Wakefield is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race, religion or background. Our

We’re creating a better way to work together, built on trust & respect that will reflect a positive change in the world. Wakefield is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race, religion or background. Our

We’re creating a better way to work together, built on trust & respect that will reflect a positive change in the world. Wakefield is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race, religion or background. Our

We’re creating a better way to work together, built on trust & respect that will reflect a positive change in the world. Wakefield is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race, religion or background. Our

Introduction To Product Roadmaps We’re creating a better way to work together, built on trust & respect that will reflect a positive change in the world. Wakefield is committed to hiring and investing in some of the brightest and most talented people in the world, no matter their gender, race,

Wakefield, a leader in the debt recovery sector, proudly announces the integration of Wakefield into their dynamic portfolio. This strategic union marks a significant milestone in enhancing the company’s capabilities in specialized debt recovery services. Wakefield, known for its expertise in healthcare reimbursement and complex claims, brings a wealth of

Why Healthcare Organizations Are Ditching Their Insurers Read Time: 2 Min What You Will Learn: Why Healthcare Organizations Are Ditching Their InsurersSource: Wakefield We see a lot of insurance companies kicking ASC’s out-of-network. We also see a lot of ASC’s intentionally moving away from insurers to protect their healthcare organization.

Need Higher Reimbursements Without More Overhead? Read Time: 2 Min What You Will Learn: Why Healthcare Organizations Are Ditching Their InsurersSource: Wakefield Keep Your Billing Team, Add Wakefield This is the key to generating more money without needing to add more staff, patients, or procedures! Don’t believe us? Read on! You

Two Things Missing From Your Billing Process Read Time: 2 Min Two Major Tasks Your Billing Team Needs To DoSource: Wakefield Two Major Tasks Your Billing Team Needs To Do But it’s not their fault if they aren’t. Let us explain… Managing the revenue cycle looks something like this: And of

6 Keys To Success In Revenue Cycle Management Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield The lack of time and resources to adequately manage the revenue cycle, typically leads providers to issues like poor cash flow, aged receivables, and increased denials. You may

Top 4 Things To Consider For Your RCM Operations In 2022 Read Time: 2 Min Top 4 Things To Consider For Your RCM OperationsSource: Wakefield Revenue cycle goals for many leaders are aggressive, but may not be totally realistic with their current operations. According to a study produced by TransUnion

5 Out-Of-Network Myths Debunked Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield Have you heard any of these? Read on! Here at Wakefield we are continually amazed at how often people either have it half right or not right at all when it comes

Top 5 Issues & Solutions To Success In Revenue Cycle Management Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield Revenue Cycle Management is not easy. It requires a vast amount of knowledge, attention to detail, and expertise in a variety of skillsets. Providers can

Wakefield assert the critical importance of Patient Authorization Forms in the healthcare and debt recovery processes, emphasizing their role in maintaining compliance and ensuring effective communication. These forms are essential tools that legally authorize the sharing of patient health information, crucial for accurate billing and seamless debt recovery. Wakefield highlight

Patient Authorization Forms Are Necessary – [Cloned #3381] Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield Manual processes slowing you down? Nowadays you must implement technology to assist in managing your revenue cycle. In this digital age, it’s a non-negotiable, and here’s why: Manual

Technology & Your Revenue Cycle – [Cloned #3386] Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield Common errors in medical billing and coding can cost a practice time and money resulting in decreased cash flow, ultimately impacting your bottom line. You can avoid many

Wakefield expertly navigates the complex landscape of out-of-network reimbursements, offering deep insights into the industry factors influencing these financial dynamics. Their analysis encompasses a wide range of elements, from evolving healthcare policies and payer contract variances to technological advancements and market trends. This comprehensive approach ensures clients are equipped with

6 Ways To Improve Your Out-Of-Network Reimbursements Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield Payer Tactics To Decrease Your Revenue Let’s first talk about the tactics payors use to decrease your revenue. The vendors who work for the insurance companies to reduce out-of-network

Wakefield introduces CRXIS, their cutting-edge Business Intelligence Engine, designed to revolutionize the way businesses analyze and leverage data. CRXIS stands as a testament to Wakefield’ commitment to innovation and efficiency in data management and analysis.

Wakefield delivers key insights on the complex issue of surprise billing in healthcare, offering valuable takeaways for patients and providers alike. With a confident grasp of the nuances in healthcare finance, they dissect the implications of unexpected medical bills that arise from gaps in insurance coverage or out-of-network services. Wakefield’

Surprise Billing: Issues With Dispute Resolution? Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield If an insurance company is not complying with the Dispute Resolution Process, read on! If we know one thing, it’s that insurance companies will do anything to pay you as