Bottom Line RCM

09/12/2024

Founded in 2023 by Mark St. Dennis, DHA, MBA, CRCS, Bottom Line RCM embodies a wealth of expertise in accounting, leadership, and financial management across diverse sectors. With a personalized approach, Mark tailors financial solutions to meet each client’s specific needs, emphasizing integrity and transparency. Bottom Line RCM stands as a partner dedicated to fostering your business’s growth and ensuring robust financial health. Discover a new standard of financial service where your success is the top priority.

09/05/2024

Elevate Your Finances with Bottom Line RCM

Tailored financial services to empower your business or personal finances

518-837-7901
mstdennis@bottomlinercm.com
www.bottomlinercm.com

09/05/2024

🚀 Discover Expert Financial Tips and Insights! 💼📊

Are you looking for ways to optimize your business finances, streamline your bookkeeping, or maximize your tax savings? The Bottom Line RCM Blog is your go-to resource for all things financial!

🌟 Whether you're a small business owner, a healthcare practice, or just someone looking to sharpen your financial skills, we've got you covered with: ✅ Step-by-step guides ✅ Expert financial advice ✅ Revenue cycle management insights ✅ Tax tips and more!

👉 Don’t miss out on the latest strategies to take your financial management to the next level. Visit our blog today and stay informed with content tailored to YOUR needs!

📝 Read Now: https://bottomlinercm.com/blog/

08/28/2024

In today's business landscape, transparent financial communication is crucial for trust and informed decision-making. Barriers such as complex terminology and information overload hinder this. Businesses can improve by educating their team, using visual aids, promoting dialogue, and tailoring their communication. At Bottom Line RCM, Mark St. Dennis champions transparency through narrative, simplified language, openness, and highlighting key metrics, fostering trust and enabling well-informed decisions....

Mark St. Dennis, DHA, MBA, CRCS, leads Bottom Line RCM, championing transparent financial communication to build trust and enable informed decisions.

08/15/2024

In healthcare, practitioners face challenges such as prior authorization, impacting care quality. This process, crucial yet burdensome, adds strain, especially during COVID-19. Despite this, patients trust in clinicians' skills for optimal outcomes....

Healthcare professionals face challenges, like prior authorization, hindering high-quality care, especially in the COVID-19 pandemic. Patients trust their expertise.

08/15/2024

With the rise of consumerism, patients are more accountable for healthcare payments, evident in the surge of high-deductible health plans. Understanding upfront payment responsibilities is vital. As consumerism grows, patient payment obligations increase with high-deductible health plan expansion, emphasizing the need for clear upfront payment understanding and coverage determination....

Consumerism drives patient responsibility for healthcare payments, emphasized by high-deductible health plans. Clear upfront understanding is crucial.

08/15/2024

The healthcare industry is increasingly focused on price transparency, as patients, payers, and providers all emphasize its importance. This push for honest pricing is expected to persist, with policymakers and regulators intensifying their scrutiny. Collaboration on this issue can enhance the patient experience and strengthen the healthcare system. Overall, price transparency is crucial and beneficial for all parties involved....

The healthcare industry increasingly values price transparency. Patients, payers, and providers recognize its importance for improved patient experience and healthcare system.

08/15/2024

The COVID-19 pandemic has led to a severe labor shortage in healthcare revenue cycle functions, causing strain on systems. Efforts to address the issue, such as wage increases and automation, have not alleviated the problem. Health systems struggle to rehire staff let go due to decreased patient volumes, while other sectors attract RCM workers with better pay. The backlog of accounts receivable and unfiled claims poses a threat to healthcare systems. Investing in tools, automation, and addressing staff burnout is crucial....

The COVID-19 pandemic has led to a severe labor shortage in healthcare revenue cycle functions, causing strain on systems. Efforts to address the issue, such as wage increases and automation, have not alleviated the problem.

08/15/2024

Effective revenue cycle management (RCM) is crucial for healthcare organizations to maintain financial health. It involves rigorous processes to ensure accuracy, consistency, and efficiency, reducing errors and delays. By implementing clear policies and guidelines, organizations can improve cash flow, reduce denied claims, and enhance patient experience, promoting overall financial performance and compliance with regulations....

Managing the revenue cycle is vital for the financial health of any healthcare organization. Effective revenue cycle management (RCM) can improve cash flow, reduce denied claims, increase productivity, and enhance patient experience.

08/15/2024

Medical billing can pose challenges due to insurance companies frequently denying claims. Navigating the complexities of insurance involves overcoming various obstacles and loopholes. Persistence is crucial when dealing with denied claims. It's essential to differentiate between hard and soft denials, as this guides the subsequent steps in the resolution process. Understanding these distinctions is key to effectively addressing and resolving denial issues....

Medical billing can be challenging, as insurance companies often deny claims they legally or illegally can.