Medical Revenue Cycle Management Trends for 2023

Revenue should be on top of mind for all medical practice groups as we go into the new year

• 40% of medical practices did not hit their revenue goals in 2022
• 29% of providers say that their biggest financial worry was getting reimbursed by payers
• 50% of medical practice groups saw their accounts receivable (A/R) time increase in 2022
• Collecting payments takes too long! Percentage of healthcare providers who say: It takes more than a month to collect payment= 77%; It takes more than one statement to collect payment = 74%
• Inadequate billing processes and practices in the US were to blame for $125 billion in lost revenue

Read the blog post where we discuss these trends and how to avoid leaving money on the table Performance Visibility: The Key to Unlocking Greater Medical Practice Revenue