Why NextGen RCM Outsourcing Works Best for These 5 Small Specialties

Transcure08 Oct, 2024Health

Small practices lose an estimated 15-25% of potential revenue due to RCM inefficiencies like billing errors, claim denials and compliance issues. Outsourcing to Transcure professionals experienced with NextGen RCM processes helps reduce these losses, with experts predicting a 6%-10% revenue improvement through more efficient billing procedures. This reduction in errors and improved cash flow is crucial, especially as small practices face financial instability from high operational costs, regulatory challenges, and the complexities of managing electronic health records.