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Need a new way to see your practice’s revenue cycle?
Waterfall reports for medical practices are a helpful way to trend payments. Today’s BIG idea describes how to track payments by date of service and get a true collection ratio by month. As that collection ratio fluctuates, look for changes in payer mix, procedure mix, and revenue cycle performance to discover opportunities to improve cash flow. How long has it been since you looked at your revenue cycle with fresh data?