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Revenue Cycle Management

Mastering Revenue Cycle Management: Strategies for Healthcare Success

Out-Of-Network Vs. In-Network Strategies Read Time: 5 Min What You’ll Learn: Comprehensive strategies to enhance revenue cycle processes, ensuring efficient, profitable operations. Source: Wakefield Empowering Healthcare with Data: A Glimpse into Modern Revenue Cycle Management At Wakefield, we specialize in comprehensive revenue cycle management (RCM), a critical component for healthcare

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Wakefield

Out-Of-Network Vs. In-Network Strategies

Out-Of-Network Vs. In-Network Strategies Read Time: 2 Min The Out-of-Network VS. In-Network world in healthcare is changingSource: Wakefield It’s No Longer Black & White The Out-of-Network VS. In-Network world in healthcare is changing, and some providers are no longer finding a single approach works to maximizing their bottom line. Finding

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Wakefield

Adapt To Shrinking Margins: The True Cost Of Automation

Adapt To Shrinking Margins: The True Cost Of Automation Read Time: 2 Min Not to sound “Big Brother-y” Source: Wakefield Our Right Touch, Right Time Philosophy By 2024, it’s predicted that 25% of employee-facing app development will be replaced by the codeless development of just-in-time tasks. Your team can work

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Wakefield

Where Do You Rank With The Payors?

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

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Wakefield

Ready to Optimize Your Workflow?

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

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Wakefield

Management Goals

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

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Wakefield

The Agile Learning Curve

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

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Wakefield

How To Cope With Negative Feedback

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

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Wakefield

How Workday Measures To Performance

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

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Wakefield

Our Official WFH Guide

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

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Introduction to product roadmaps

Introduction to product roadmaps

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,

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Wakefield

Collect Rx Joins Wakefield & Associates, LLC

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

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Wakefield

Why Healthcare Organizations Are Ditching Their Insurers

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.

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Wakefield

Need Higher Reimbursements Without More Overhead?

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 Collect Rx This is the key to generating more money without needing to add more staff, patients, or procedures! Don’t believe us? Read on!

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Wakefield

Two Things Missing From Your Billing Process

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

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data analytics

6 Keys To Success In Revenue Cycle Management

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

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Top 4 Things To Consider For Your RCM Operations In 2022

Top 4 Things To Consider For Your RCM Operations In 2022

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

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5 Out-Of-Network Myths Debunked

5 Out-Of-Network Myths Debunked

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 Collect Rx we are continually amazed at how often people either have it half right or not right at all when it

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Patient Authorization

Patient Authorization Forms Are Necessary

Wakefield and Associates 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.

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Technology & Your Revenue Cycle

Technology & Your Revenue Cycle

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

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Wakefield

Common Billing & Coding Mistakes

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

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Appeals-scaled

Industry Factors Affecting Your Out-Of-Network Reimbursements

Wakefield and Associates 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

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6 Ways To Improve Your Out-Of-Network Reimbursements

6 Ways To Improve Your Out-Of-Network Reimbursements

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

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CRXIS - Our Business Intelligence Engine

CRXIS – Our Business Intelligence Engine

Wakefield and Associates 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 and Associates’ commitment to innovation and efficiency in data management and analysis.

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Surprise Billing Important Takeaways

Surprise Billing: Important Takeaways

Wakefield and Associates 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

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payors

Surprise Billing: Issues With Dispute Resolution?

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

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