Healthcare Administrative Partners (HAP), a leading provider of comprehensive revenue cycle and practice management solutions for medical practices, is thrilled to announce its partnership with a prominent radiology practice in New Hampshire. Under this new agreement, HAP will provide a wide range of services to maximize efficiency and revenue for Atlantic Radiology New Hampshire, located in the picturesque town of Portsmouth.
With a focus on streamlining the revenue cycle process, HAP will handle core services such as billing, coding, carrier credentialing, business intelligence, MIPS Measure Assurance Services, and more. These services will ensure accurate and efficient reimbursement for the radiology practice. Additionally, HAP will offer comprehensive practice management services, supporting the practice’s overall operations and allowing the staff to concentrate on delivering exceptional patient care.
Atlantic Radiology New Hampshire chose HAP as a partner due to their extensive knowledge of radiology and experience in the New England region. The cutting-edge technology and commitment to superior customer service displayed by HAP impressed the practice, making them the clear choice for this collaboration. The ability of HAP to adapt to the unique needs of Atlantic Radiology New Hampshire further solidified their decision.
Rebecca Farrington, Chief Revenue Officer of HAP, emphasized the company’s dedication to meeting the evolving needs of their clients. HAP continuously expands its practice management offerings to align with the growing demands of the healthcare industry. The addition of Atlantic Radiology New Hampshire to their portfolio of clients in the New England region marks another successful partnership for HAP.
HAP’s Operations Center of Excellence is conveniently located in Portsmouth, NH, supporting its commitment to serving radiology practices throughout the state. Besides Atlantic Radiology New Hampshire, HAP also supports other esteemed New Hampshire practices, including Radiology Associates of Keene and Breast Center of New England.
Healthcare Administrative Partners has been a trusted partner for radiology practices since 1995. Their services extend beyond billing, encompassing clinical analytics, practice management, and specialized coding expertise. By relying on HAP’s extensive knowledge and experience, radiology practices can optimize their revenue cycles and navigate the ever-changing healthcare landscape effectively.
For more information about Healthcare Administrative Partners and their services, please visit www.hapusa.com. For media inquiries, please contact Kelly Mea, Marketing Director at [email protected] or call 610-892-8889.
In addition to the information provided in the article, it is important to discuss some current market trends in the healthcare industry, relevant forecasts, and identify key challenges and controversies associated with revenue cycle management in radiology practices.
Current Market Trends:
1. Shift towards Value-Based Care: The healthcare industry is increasingly moving towards a value-based care model, where reimbursement is tied to patient outcomes and quality of care. This shift requires radiology practices to focus not only on billing and revenue, but also on delivering high-quality, cost-effective services.
2. Increased Emphasis on Data Analytics: With the abundance of digital health records and other healthcare data, there is a growing trend of utilizing advanced data analytics to improve revenue cycle management. Radiology practices can leverage data to identify trends, improve coding accuracy, and optimize reimbursements.
Forecasts:
1. Growing Demand for Outsourced Revenue Cycle Management: As the healthcare landscape becomes more complex, radiology practices are likely to face challenges in managing their revenue cycles effectively. This is expected to drive the demand for outsourced revenue cycle management services, such as those provided by Healthcare Administrative Partners.
2. Continued Technological Advancements: With advancements in technology, including artificial intelligence and automation, there is a forecasted increase in the use of technology to streamline revenue cycle management in radiology practices. These technological advancements can improve coding accuracy, reduce administrative burdens, and enhance overall efficiency.
Key Challenges and Controversies:
1. Regulatory Compliance: Radiology practices need to stay updated with the constantly changing regulations and compliance requirements, such as those related to coding, documentation, and billing. Failing to comply with these regulations can result in financial penalties and reputational damage.
2. Reimbursement Delays and Denials: Radiology practices often face challenges with reimbursement delays and denials from insurance companies. This can impact their cash flow and overall revenue. Effective revenue cycle management solutions, like the ones provided by HAP, can help mitigate these challenges by ensuring accurate and timely reimbursement.
Advantages of Partnering with Healthcare Administrative Partners:
1. Expertise in Radiology: HAP has extensive knowledge and experience in radiology, which makes them well-suited to understand the unique needs and challenges of radiology practices. This expertise allows them to provide tailored solutions and optimize revenue cycles specifically for radiology practices.
2. Comprehensive Services: HAP offers a wide range of services beyond billing, including clinical analytics, practice management, and specialized coding expertise. This comprehensive approach ensures that radiology practices have access to a complete revenue cycle management solution.
3. Focus on Customer Service: The article highlights HAP’s commitment to superior customer service, which is crucial for radiology practices seeking a partnership. Effective communication, prompt support, and personalized attention are essential for a successful revenue cycle management collaboration.
Suggested Related Links:
1. Radiology Business
2. AuntMinnie.com
3. Becker’s Hospital Review – Radiology