Physician practice and hospital revenue cycle drivers: what's the difference?

There are two key differences between hospitals and physician practices in revenue cycle management: unit of work and its value, and per unit cost to collect. Reducing a physician practice's cost to collect requires, first and foremost, the right technology and functionality and the right staff. Three advanced collections techniques-denials management, contract compliance, and fee schedule management and maintenance-should be examined for their potential value in ensuring that an owned practice is paid correctly for every service.