K-38 Consulting provides outsourced CFO services designed for medical practices aiming for stable and strategic growth. We support practice owners in managing their finances, optimizing cash flow, improving profitability, and gaining clear visibility into the numbers that drive performance.
Our services include financial analysis, strategic planning, cost control, and growth support, equipping practices with the tools they need to make informed decisions. Whether you're looking to expand locations, invest in new technology, or streamline operations, we ensure every move is financially sound.
By bringing clarity to your financial operations and delivering forward-looking insights, we help medical practices scale with control, minimize risk, and build a financially healthy business ready to meet the demands of a changing healthcare landscape.
Adjustments: This post was updated to incorporate essentially the most relevant and up-to-day info out there.
Millennia boosts regular patient collections by one hundred% for our customers. Associate with us to increase electronic engagement with individuals, obtain a lot more revenue and improve the affected individual journey, all although boosting your practice’s medical billing efficiency. Request a session today!
By automating very similar labor-intensive jobs, you'll be able to focus on taking care of your small business and offering focused help to practices — so which they can give attention to affected individual care.
Use scheduling software program that integrates with billing techniques to mechanically deliver costs depending on expert services rendered.
Although many healthcare administrators concentrate on evident revenue drivers, the concealed financial impression of credentialing inefficiencies can silently drain thousands from the base line. The Staggering Economic Truth The numbers paint a sobering […]
Most practices start with essential automation like eligibility examining and claim submission. As personnel turn into at ease, they add far more State-of-the-art capabilities like automatic payment putting up and Improve Medical Practice Cash Flow denial management.
Increasing medical billing precision and speed needs a mix of technology, instruction, and course of action improvements:
Your revenue cycles count closely on your own frontend and backend reps. These reps are Obviously competitive and respond perfectly to encouragement. As a result of beautiful incentives, you may encourage your top performers to strike practical targets.
Variations: This post was up to date to include probably the most pertinent and up-to-day facts out there.
Executive takeaway: Accurate coding straight improves revenue capture and compliance, protecting margins and reducing audit risk.
Rejected and denied promises aren't exactly the same. If an insurance provider finds mistakes in the claim, it can go unprocessed, and they're going to return it to you like a turned down assert.
In 2015, approximately 3-fourth of healthcare organizations notices a sudden increase in affected person economical duty due to the prevalence of substantial deductible plans.
With the right system and instruments, medical billing firms can accomplish efficiency gains though positioning by themselves for extended-term advancement.
This leads to accelerated payment from healthcare payers considering that they obtain cleaner, more comprehensive information and facts.