Four tips to drive financial success and increase revenue in healthcare

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athenahealth
March 17, 2023
2 min read

With a fast-changing healthcare ecosystem, healthcare organizations like yours work hard to survive — and even harder to thrive. Follow these four tips for greater financial success for your organization.

  • Make sure you can share reports to easily collaborate across your organization, even when you’re unable to meet face-to-face. 
  • Get access to comprehensive reports on your financial and operational processes and outcomes, including benchmarking information about similar organizations on the network. 
Seek out coaching to monitor ways to improve financial performance

The right partner will monitor the ever-changing healthcare landscape to make sure you’re prepared to meet financial goals.

take advantage of coaching sessionsUtilize tools that help you get paid on time and in full
  • Find a fully integrated solution that monitors changing payer requirements, picks up complex and denied claims, and works them to completion. 
  • The right tool will highlight opportunities for the resubmissions of denied, rejected, or underpaid claims based on changes to payer policies. 

athenahealth is a dedicated partner that delivers financial clarity and coaching, along with tools that drive collections and revenue.  

  • athenahealth gives you real-time insight into your organization’s financials for more informed problem-solving, planning, and decision-making. 
  • We track your financial status, flagging and solving potential problems, to help you improve your bottom line. 

With athenahealth’s end-to-end revenue cycle technology and services:  

with athenahealth rcm 95% of authorizations are delivered with zero customer workwith athenahealth rcm 80% reduction in coding-related holdsUse patient outreach and engagement tools to drive revenue for your organization
  • Deliver appointment reminders and custom campaigns through automated emails, text messages, or phone calls. 
  • Increase visit volume with automated patient messaging, online scheduling, and a robust telehealth solution. 
patients find automated messages and patient tools helpful

Drive patient engagement with athenaCommunicator

with athenaOne, athenaCommunicator 21% faster payments through online payment options

 

Ready to start maximizing your financial performance? Learn more about athenahealth’s revenue cycle management solution and services.

 

Financial StabilityRevenue Cycle ManagementCollecting Patient Balancesathenahealth Products
  1. Based on the performance of clients using the service, annualized data extrapolated from a three-month dataset from Sept-Nov 2020. Source: athenahealth Snowflake and TES databases.
  2. Annual coding accuracy performance, based on 2021 third-party coding audit.
  3. Based on athenaNet data as of 2020.

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