With cost and market pressures continuing to challenge the financial
health of medical groups, CareCloud’s senior director of revenue cycle
management (RCM), Patti Peets, is helping practice leaders use data to
drive growth. Ms. Peets is among the industry experts speaking at the
Medical Group Management Association’s (MGMA) inaugural Data Conference
taking place May 16-18, 2019 in Orlando.
On Friday, May 17 at 9:15 a.m. ET, Ms. Peets will lead a program
session, Cost and Revenue: Using Benchmarks to Evaluate Internal or
Outsourced Revenue Cycle. She will identify how to use revenue cycle
benchmarks within MGMA DataDive
to assess performance and introduce a set of brand new MGMA benchmarks
that practices can begin using immediately to track and adjust their RCM
Ms. Peets also will share best practices based on her experience working
with CareCloud medical group clients, which represent some of the
fastest growing practices in the country. CareCloud combines its modern RCM
software and real-time analytics with a team of specialists to help
its medical group clients improve productivity and profitability across
every aspect of a practice’s operations.
“Today’s medical practices are losing 5-10% in annual revenue due to
inadequate, revenue cycle management processes and procedures,” said Ms.
Peets. “I look forward to sharing what we’ve learned from working with
some of the country’s highest performing practices about how to use data
to compete in a consumer-centric and value-based world.”
MGMA19 | The Data Conference will take place May 14-16, in Orlando. The
conference is designed for healthcare professionals focusing on using
data to analyze, benchmark and inform strategies to run a more efficient
and profitable medical practice. More information on the agenda and
registration is available on the conference site.
CareCloud is the leading provider of cloud-based revenue cycle
management, practice management (PM), electronic health record (EHR),
patient experience management (PXM), and telemedicine solutions for
high-growth medical groups. CareCloud helps clients increase
profitability, streamline workflow and improve patient care nationwide.
The company currently manages more than $4.5 billion in annualized
accounts receivable on its integrated clinical and financial platform.
To learn more about CareCloud, visit www.carecloud.com.