A growing multi-specialty practice with five providers came to CoMed facing stagnant revenue, rising accounts receivable, and inconsistent billing performance. Despite a steady patient volume, the practice struggled with delayed reimbursements, under-coded claims, and limited visibility into its revenue cycle metrics.
CoMed conducted a comprehensive Revenue Cycle Assessment and quickly identified key inefficiencies, including missed charge capture opportunities, coding inaccuracies, and a high rate of claim denials. Within the first 30 days, our team implemented a targeted action plan that included coding optimization, denial management workflows, and real-time KPI tracking dashboards.
By day 60, the practice began to see measurable improvements: claim acceptance rates increased, average reimbursement per visit improved, and days in A/R began trending downward. Our dedicated account management team worked closely with the providers and office staff to ensure seamless integration and consistent performance monitoring.
Within 90 days, the results were clear:
- 22% increase in total collected revenue
- 35% reduction in claim denial rates
- 28% improvement in average reimbursement per encounter
- Significant decrease in Days in A/R
This case study highlights how CoMed’s data-driven approach, combined with hands-on revenue cycle expertise, delivers rapid and sustainable financial results for healthcare practices.
