How Healthcare Providers Can Use Technology to Increase Practice Revenue

To increase practice revenue, providers need to utilize the correct combination of quality technology. With the right tools in place, it becomes easy to accomplish a variety of administrative and care-related tasks that increase patient engagement, grow patient volumes, and more. The after-effects of these growths enable providers to increase practice revenue.

How to Increase Practice Revenue:

Digital Front Door

Improve Communication

A digital front door helps improve communication with existing and potential patients to bring them to your practice. No longer will your team have to spend hours of their pay on the phone chasing down patients who end up being dead-ends. A digital front door can help increase practice revenue by bringing patients to you and increase productivity.

Streamline Scheduling

Scheduling is simpler than ever before with a digital front door. Your team spends hours of their time trying to fill empty spots on the calendar. Now, your practice can easily increase practice revenue and patient volume by getting patients on the line when they are ready and referring them to the closest physician in their area.

Queue Management Solution

Increase Patient Volume

A key component for providers looking to increase practice revenue is to first address patient volume. IF your patient volumes are low, you are not optimizing the number of billable services you offer. A queue management solution can help you increase patient volumes by helping you offer a safe public environment that your patients feel comfortable visiting.

Improve Patient Waiting Experience

Rather than sit in a quiet, awkward, and frustrating waiting room for an unknown amount of time, a queue management solution provides a positive waiting experience. Improving the patient experience is a great way to increase practice revenue and grow. The waiting experience is traditionally a point of strain on patient satisfaction. Now, patients can wait pleasantly in their car, where they can make phone calls, listen to music, and more until their provider is ready for them to come in.

AI-Assisted Charge Capture

Improve Clean Claims

Clean claims are arguably the most important part of the plan to increase practice revenue. Claims most commonly get denied when they are coded incorrectly. Providers can increase the accuracy in their coding process with quality AI-assisted charge capture. AI in charge capture can increase practice revenue by increasing timely clean claims.

Increase Productivity

AI- in charge capture also enables providers and their billing teams to get more accomplished in less time. Optimizing productivity is simple when your AI assistant is helping to fill in the blanks. A quality AI-assisted charge capture solution makes accurate coding predictions, so all your team has to do is review and submit.

The right technology can help your healthcare organization easily increase practice revenue. The key to all of this is finding the right vendor to partner with. To learn more about a vendor who is eager to help your organization optimize and grow its bottom line, click here.