By Rob Stuart, President and CEO, Claim.MD
In today’s healthcare landscape, cost containment is more important than ever. From reimbursement delays to hidden transaction processing fees, healthcare providers are facing a financial crunch that threatens both profitability and patient care.
As a clearinghouse leader for over 40 years, I’ve seen firsthand how small inefficiencies in claims processing can compound into major financial challenges for providers. And recent industry events have underscored just how fragile and complex our transaction processing infrastructure can be.
What’s Causing the Rise in Transaction Costs?
For decades, payer reimbursement models have been shifting, gradually transferring more of the administrative and transaction processing costs onto healthcare providers. While clearinghouses have historically served as the behind-the-scenes backbone of the revenue cycle, providers today are bearing more of the financial responsibility for claims submission, verification, and reconciliation.
The result?
- Increased hidden fees buried within EHR/EMR platforms
- Higher claims denial rates, leading to delayed revenue
- Greater cybersecurity risks due to a lack of transaction visibility
How Providers Can Regain Financial Control
At the Modern Healthcare Financial Growth Virtual Briefing on April 9, I’ll be discussing key strategies to help healthcare organizations take control of their transaction processing costs and strengthen their financial resilience. Some key areas I’ll cover include:
- How to identify and reduce hidden costs in your claims process
- Best practices for securing transaction pathways and reducing financial risk
- Why clearinghouse partnerships are more important than ever
- How to create a financial safety net to avoid cash flow disruptions
Providers today need to be proactive about financial resilience, cost containment, and security. Join me for my 10:45am CT session on April 9 for an in-depth fireside chat with Modern Healthcare’s Angie Stewart to learn how to future-proof your revenue cycle. For more information on the event can be found at Modern Healthcare.