Medline India’s Post

Keeping pace with high invoice volumes is a challenge for accounts payable departments with manual invoice processes – and the situation grew even tougher for our healthcare client after an acquisition increased invoice volumes by 75% to 70,000 per month. Further complicating matters, AP leaders were instructed to absorb the additional transactional volume with minimal increase to staffing levels and operating costs.     Read our case study to learn how Auxis’ AP automation solution freed 2,300 human hours per month with 70% touchless invoice processing for one of the largest healthcare systems in the U.S: https://lnkd.in/gwMHxP_x #healthcare #accountspayable #automation #casestudy #readnow

We're already halfway through 2024. Are you on track with your financial goals? Managing rising operational costs while maintaining high-quality patient care is more important than ever for dental practices. Here are some ways to optimize your practice’s operational costs: 1. Optimize Scheduling and Workflow:  - Implement efficient scheduling to maximize chair time and reduce downtime. - Use practice management software to streamline operations and improve productivity. 2. Review Supply Costs: - Regularly review supply orders and equipment. Adjust orders to increase efficiency and minimize overspending. - Joining a DSO allows you to benefit from bulk purchasing discounts. 3. Adopt Technology: - Invest in modern dental technology that improves efficiency, such as digital X-rays, CAD/CAM systems, and paperless records. 4. Staff Training and Utilization: - Cross-train staff to handle multiple roles, increasing flexibility and reducing the need for additional hires. - Invest in ongoing staff training to improve efficiency and patient care. 5. Review and Adjust Fees: - Review your fee schedule to ensure it reflects the current market and covers rising costs. - Consider offering membership plans or financing options to make services more accessible. 6. Enhance Patient Retention: - Improve patient satisfaction and retention through excellent customer service and follow-up care. - Implement loyalty programs or incentives for regular visits and referrals. 7. Financial Management: - Conduct regular financial reviews to identify areas of excessive spending and potential savings.

OSI’s comprehensive medical billing solutions are designed to streamline your practice's financial operations. Learn how our customized services optimize revenue management and simplify the complexities of medical billing. #medicalbilling #medicalcoding #outsourcing #medicalbillingcompany

Did you know that outsourcing medical billing can improve your bottom line? Studies show practices can experience a 15-20% increase in collections and a significant reduction in administrative costs by outsourcing. Our blog post dives deep into the financial benefits of outsourcing medical billing. Learn how it can help your practice thrive! https://lnkd.in/dsEYKgEd #RevenueCycleManagement #HealthcareRevenueCycle #Outsourcing #MedicalBilling #EvolveBPO