Payer mix
Understanding your payer mix helps pinpoint each patient’s plan and determine insurance eligibility. Tell patients upfront which services are covered. Know which insurers require preauthorization.
To ensure physicians are paid for their services and patients receive the correct amount of insurance coverage, your practice must manage its billing effectively. Medical practice billing is the backbone of the revenue cycle and crucial to financial well-being.
By adopting NextGen Healthcare, we started immediately billing so much cleaner. With the edits in place, the turnaround time was much faster. Within one year, our days in AR dropped to, on average, 13 and has stayed there for almost three years now.