Read the 5 questions that let you know if your practice is positioned for long-term financial health. Learn more about Greenway Revenue Services (GRS).

1. 5 Questions that Let You Know
Do you have a comprehensive revenue cycle
management strategy?
1
2 Are employees educated on best practices for billing
and coding for major insurers and government health plans?
Are you prepared to handle both fee-for-service and
value-based reimbursement?
3 What is the average number of days in A/R?
4 Is your staff trained to achieve optimal productivity?
5
62%
Only 62% of practices
review delinquent claims
59%
$342m $25
<40
32%
Only 59% of secondary
claims are filed
Only 32% of patients
who owe money receive
a collection letter
96%
97%
“It is dangerous for
staff to be in the
dark about rule
changes and
regulatory updates”1
Days in A/R should optimally remain under 40 days3
of practice leaders report
inefficient billing processes
independent group and solo practices
experience high business staff turnover5
79%
of practices deal with 10 or more payers
who all have their own fee schedule
Almost 90%of small practices are unprepared
financially and technologically for implementing
value-driven care
Most practices will continue to see50%or more of
their revenue coming from fee-for-service
Amount practices
forfeited just by down
coding established
patient office visits2
The average cost to
rework a claim is $25,
more than the average
hourly wage for a biller
Is Your Practice
Positioned for
Long-Term
Financial Health?
Medical Billing
An average 32% reduction in days in A/R
A first-pass acceptance rate of 99% for customers using
Greenway Clearinghouse
Get to know the revenue services team that generates:
of physicians feel they need to find additional
direct patient care time that is currently taken
up by business office-related issues77%
© 2017 Greenway Health, LLC. All rights reserved. Cited trademarks or registered trademarks are the property of
Greenway Health, LLC or its affiliates. Other product or company names are the property of their respective owners.
1
Michael Sacopulos, JD, “Get Serious About Coding Compliance in 2017,” Physicians Practice, January 10, 2017
2
CMS Comprehensive Error Rate Testing (CERT)
3
American Association of Family Physicians, “Evaluating Your Practice’s Revenue Cycle: Days in Accounts Receivable”
4
MGMA, Accounts Receivable Dashboard
5
Stellar Analytics, “Why outsourcing medical billing can be the best thing for your practice,” October 18, 2016
We touch every practice function—from
the front desk to the back office—to
manage customer revenue cycles from
first patient encounter to collections,
and beyond.
Greenway Revenue Services is a
partnership; we’re an extension of your
team that understands your challenges and
offers tools and training to optimize billing
practices at every step in the revenue cycle.
0–30 days 31–60 days 91–120 days 120+ days61–90 days
55%10%
7%
6%
22%
56%12%
7%
5%
20%
50%
12%
7%
6%
25%
Days in A/R for primary
care single specialties4
Days in A/R for nonsurgical
single specialties
Days in A/R for
multispecialty