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The Impact of Falling Interest Rates and Lower Inflation on Your Behavioral Health Practice

Valant

This could lead to improved efficiency in billing and collections processes. Potential for More Out-of-Pocket Spending: As economic pressures ease, patients might be more willing to spend more on mental health services, potentially increasing revenue. Consider how you can improve care delivery and patient engagement.

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Understand your Revenue Cycle to set your medical practice for success 

Health Prime

It begins at the front lines of the healthcare practice, where staff members collect essential demographic and insurance information during the initial patient contact. This information serves as the foundation for billing and reimbursement processes.

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5 benefits of having a patient portal for your practice 

Health Prime

Additionally, it allows patients to: Access their medical records Schedule appointments Receive important updates This seamless communication fosters patient engagement , leading to increased satisfaction and loyalty. Time and cost savings A patient portal significantly reduces administrative overhead.

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Top 4 healthcare RCM challenges for 2025 and how to overcome them  

Health Prime

Maintaining operational effectiveness, preserving financial stability, and improving the patient experience rely on overcoming these obstacles. Labor shortage in healthcare billing Labor shortages are not exclusive to 2025; however, they seem likely to continue this year. million healthcare workers by 2026.

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Top 4 healthcare RCM challenges for 2025 and how to overcome them

Health Prime

Overcoming these obstacles is crucial for maintaining operational effectiveness, preserving financial stability, and improving the patient experience. Labor shortage in healthcare billing Labor shortages are not exclusive to 2025; however, they seem likely to continue this year. million healthcare workers by 2026.

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7 key components to improve your patient collections 

Health Prime

According to a Mad*Pow research report , 61% of patients are confused by their medical bills. The report also stated that most of them identified providers or their billing department as the root cause of their frustration and errors. Our medical billing solutions can allow you to maximize collections and increase cash flow.

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Five healthcare trends to watch for in 2024 

Health Prime

The easy follow-up of patients using telemonitoring solutions and the augmented access to internet services will continue increasing telemedicine delivery. Learn more about this in our blog Optimize your telemedicine appointments with these best practices.

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