Top 7 Factors Affecting Your Practice’s Revenue
                     TOP 7 FACTORS AFFECTING YOUR PRACTICE’S REVENUE
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TOP 7 FACTORS AFFECTING YOUR PRACTICE’S REVENUE
Did you know? The Medical Group Management Association (MGMA) reported 
that the healthcare practices could save $16.3 billion or 42% of the $39 billion 
on administrative transactions with proper revenue cycle management.
If you observe that other healthcare providers are performing better than you 
while providing the same healthcare services, then something is definitely 
wrong in terms of your medical billing and coding. The only thing you want in 
such a situation is to dismiss the happenings like this, mainly when your 
practice has started picking up the patients count and increasing the profits 
after the pandemic.
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TOP 7 FACTORS AFFECTING YOUR PRACTICE’S REVENUE
To understand how to mitigate the revenue loss incurred by your 
practice, you need to know the factors that lead to financial damage. 
This article will look into seven top factors that affect your practice’s 
revenue once you have identified that you can pay attention to and 
improve your revenue cycle management.
• Factor 1: Interpreting the Billing Rules
• Factor 2: Failure to Credentialing & Enrolment
• Factor 3: Mitigating Denials
• Factor 4: Understanding Your Agreement
• Factor 5: Selecting the Right Software
• Factor 6: Verifying Patient Eligibility
• Factor 7: Tracking the Financial Performance
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TOP 7 FACTORS AFFECTING YOUR PRACTICE’S REVENUE
Undoubtedly, all these seven factors can help you mitigate the 
impact that can affect your practice’s revenue. But one of the 
best ways to move ahead is to outsource your medical billing 
and coding services to a knowledgeable third party who can 
take care of it all while you can concentrate on providing the 
best service to your patients. 
24/7 Medical Billing Services can be one such outsourcing 
partner for all your medical billing and coding needs with a 
team of professionals.
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
TOP 7 FACTORS AFFECTING YOUR PRACTICE’S REVENUE
About 24/7 Medical Billing Services:
24/7 Medical Billing Services is the nation’s leading medical billing 
service provider catering services to more than 42 specialties across 
the entire 50 states. You can rely on us for end-to-end revenue cycle 
management. We guarantee up to 10-20% increase in the revenue 
with cost reduction of your practice for up to 50%. 
Call us today at 888-502-0537 to know more on how we can help 
boost profitability for your practice.
Media Contact:
24/7 Medical Billing Services,
Ohio:
28405 Osborn Road, Cleveland, OH 44140
Georgia:
3001 Greenfield Drive, Marietta GA 30068
Tel: + 1 -888-502-0537
Email - [email protected]
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/