With cost and market pressures continuing to challenge the financial health of medical groups, CareClouds senior director of revenue cycle management (RCM), Patti Peets, is helping practice leaders use data to drive growth. Ms. Peets is among the industry experts speaking at the Medical Group Management Associations (MGMA) inaugural Data Conference taking place May 16-18, 2019 in Orlando.
On Friday, May 17 at 9:15 a.m. ET, Ms. Peets will lead a program session, Cost and Revenue: Using Benchmarks to Evaluate Internal or Outsourced Revenue Cycle. She will identify how to use revenue cycle benchmarks within MGMA DataDive to assess performance and introduce a set of brand new MGMA benchmarks that practices can begin using immediately to track and adjust their RCM strategies.
Ms. Peets also will share best practices based on her experience working with CareCloud medical group clients, which represent some of the fastest growing practices in the country. CareCloud combines its modern RCM software and real-time analytics with a team of specialists to help its medical group clients improve productivity and profitability across every aspect of a practices operations.
Todays medical practices are losing 5-10% in annual revenue due to inadequate, revenue cycle management processes and procedures, said Ms. Peets. I look forward to sharing what weve learned from working with some of the countrys highest performing practices about how to use data to compete in a consumer-centric and value-based world.
MGMA19 | The Data Conference will take place May 14-16, in Orlando. The conference is designed for healthcare professionals focusing on using data to analyze, benchmark and inform strategies to run a more efficient and profitable medical practice. More information on the agenda and registration is available on the conference site.
CareCloud is the leading provider of cloud-based revenue cycle management, practice management (PM), electronic health record (EHR), patient experience management (PXM), and telemedicine solutions for high-growth medical groups. CareCloud helps clients increase profitability, streamline workflow and improve patient care nationwide. The company currently manages more than $4.5 billion in annualized accounts receivable on its integrated clinical and financial platform. To learn more about CareCloud, visit www.carecloud.com.