K-38 Consulting provides outsourced CFO services designed for medical practices aiming for stable and strategic growth. We support practice owners in managing their finances, optimizing cash flow, improving profitability, and gaining clear visibility into the numbers that drive performance.
Our services include financial analysis, strategic planning, cost control, and growth support, equipping practices with the tools they need to make informed decisions. Whether you're looking to expand locations, invest in new technology, or streamline operations, we ensure every move is financially sound.
By bringing clarity to your financial operations and delivering forward-looking insights, we help medical practices scale with control, minimize risk, and build a financially healthy business ready to meet the demands of a changing healthcare landscape.
By this technique, you can save up to twenty-eight % within your revenue assortment time within just 6 months.
Labor Shortages – Administrative personnel turnover is superior; companies will have to automate or outsource to stay afloat.
AI implementation in medical billing can lower claims processing time by fifty%. This a lot quicker processing suggests you get paid quicker. When promises undergo on the very first check out, your cash flow improves radically.
Use scheduling software package that integrates with billing programs to routinely create fees based upon products and services rendered.
Pattern recognition helps stop foreseeable future challenges. If your method notices that sure method codes always get denied by a specific insurance company, it alerts your workforce. It is possible to then verify requirements right before publishing similar promises.
The proof is clear: automatic billing techniques deliver measurable improvements in revenue, performance, and affected person gratification.
By concentrating on these spots, your practice can substantially reduce billing glitches and improve cash flow.
Streamlining appointment scheduling and reducing no-demonstrates—making use of tools like appointment Improve Medical Practice Cash Flow reminders and offering virtual check out possibilities—will optimize service provider time and reduce missing revenue.
Proprietor Bob Trotta identified the potential benefits of employing robotic approach automation (RPA) to reinforce the promises procedure and automate guide jobs, and turned to Tebra's billing and payments Option for aid.
After the insurance plan percentage of the Monthly bill is settled, automating patient billing is key to securing timely payments. Automated answers include things like:
AI-enabled billing systems can reduce administrative expenditures by around thirty%. This cost savings emanates from needing fewer billing staff members and decreasing time beyond regulation expenses.
Full automation isn't the aim. Several practices prefer to automate routine tasks while keeping human oversight for complex cases. This hybrid approach brings together effectiveness with versatility.
Computerized updates retain the technique existing with changing polices. New billing policies, updated course of action codes, and payer prerequisite modifications get included instantly. Your team won't want to trace these alterations manually.
This ongoing improvement strategy not simply enhances RCM effectiveness and also positions healthcare corporations to adapt to altering sector dynamics and regulatory necessities for long-term good results.