On Wednesday, December 14th, the Federal Reserve raises short-term interest rates by .50%, the highest since 2007, and suggested that will continue in 2023. The Fed funds rate range is currently at 4.25%-4.5%. The .50% increase on Wednesday was a reduction from the previous .75% increase seen at each of the last four policy meetings. This was the most aggressive …
Orthopedic practices can strengthen A/R performance by improving eligibility and authorization processes, managing denials and underpayments, engaging patients early, and using structured recovery strategies for unresolved balances. Orthopedic Revenue Cycle Has More Moving Parts Than It Looks Consider a patient scheduled for an orthopedic procedure. Before treatment, there may be: Insurance verification Authorization Referral requirements Surgical scheduling Coding Documentation Payer …
Experian reports in their “State of the Automotive Finance Market” paper, that credit unions have earned the largest share of automotive financing in the US by producing more auto loans than banks or other lenders. They have topped the market by producing more than 30% of all auto loans. The report also shows that credit union-funded auto loans rose by …
Omnichannel healthcare communication uses multiple coordinated channels—such as phone, statements, digital messaging, and other approved outreach methods—to make it easier for patients to receive information and resolve balances. Patients Don’t All Communicate the Same Way One patient answers every phone call. Another responds to the email. Another opens a digital statement at midnight. Another prefers speaking with a representative. That …
The accounts receivable management industry has been rapidly expanding due to increased demand for professionals with expertise in this area, as well as the growing use of technology in the field. As businesses continue to grow and evolve, there is likely to be an increased demand for in-house and third-party accounts receivable professionals who can help businesses manage and collect …
