{"id":44128,"date":"2022-05-19T16:01:16","date_gmt":"2022-05-19T14:01:16","guid":{"rendered":"https:\/\/pharma-trend.com\/en\/azalea-healths-rcm-services-outperform-industry-standard-in-recent-benchmark-study\/"},"modified":"2022-05-19T16:01:16","modified_gmt":"2022-05-19T14:01:16","slug":"azalea-healths-rcm-services-outperform-industry-standard-in-recent-benchmark-study","status":"publish","type":"post","link":"https:\/\/pharma-trend.com\/en\/azalea-healths-rcm-services-outperform-industry-standard-in-recent-benchmark-study\/","title":{"rendered":"Azalea Health\u2019s RCM Services Outperform Industry Standard in Recent Benchmark Study"},"content":{"rendered":"
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\nPhysician practices report strong reimbursement rates, lowering accounts receivables, strengthening cash flow\n<\/p>\n

ATLANTA–(BUSINESS WIRE)–#RCM<\/a>—Azalea Health<\/a>, a leading provider of fully-integrated cloud-based healthcare solutions and services, released today results from its internal customer survey, highlighting how providers are leveraging the company\u2019s revenue cycle management (RCM) services throughout the year.\n<\/p>\n

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\nThe Azalea RCM Performance Analysis was conducted at the end of 2021 and captured data from across 500+ healthcare providers using Azalea Health\u2019s RCM and billing services.\n<\/p>\n

\n\u201cThere is a prevalent myth among community physician practices that a robust billing and RCM solution has to be expensive or require a large billing staff,\u201d said Doug Swords, VP of RCM and co-founder of Azalea Health. \u201cThe reality is when using our RCM services, our customers increase cash flow, reduce accounts receivables (A\/R) and free up staff to focus on other areas of the business. When providers have access to the latest in RCM technology, regardless of size or specialty, the right billing solution has an immediate impact on a provider\u2019s business.\u201d\n<\/p>\n

\nHealthcare costs escalated significantly in 2021. Paired with staff shortages, inflation, market consolidation and a shift to value-based reimbursement, community-based providers are particularly challenged to ensure steady cash flow to remain independent and financially stable.\n<\/p>\n

\nAzalea\u2019s analysis showed that its billing services have proven to increase reimbursement across its ambulatory providers, and after analyzing more than 1.1 million claims providers reported:\n<\/p>\n