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Currence Blog

Welcome to the Currence, Inc. Blog

Our team hopes to use this space to better connect, share our experience, and organization achievements with you

In every client engagement Currence, Inc. has improved collections of the partner practice by 5 to 10 percent from either a practice managing their recievables in house or from another revenue cycle managment company. 

Consider Partnering with Our Team:

  • Access superior technology to meet the demands of today's clinical professional
  • Improve collections
  • In-depth knowledge of and hands-on experience with healthcare regulations
  • Improve clinical productivity of physician & staff
  • Consistent management of accounts receivable, enabling practices to stay ahead

How To Improve Your Practice’s Financial Health

Posted by Currence Team on Mar 23, 2018 3:47:57 PM

If you’ve found that your practice’s financial health isn’t where you’d like it to be, you’re probably wondering if you can do anything to remedy this critical issue.

As we’ve previously discussed, maintaining a financially healthy practice directly affects the quality of service you can provide your patients — though it may not feel that way. It’s common for practices to prioritize delivering high-quality patient care over “running the business,” which makes sense.

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Topics: Analytics, Healthcare Consulting, Accounts Recievable Management, Healthcare Payments

Addressing the Financial Health of Your Medical Practice

Posted by Currence Team on Mar 19, 2018 4:57:01 PM

Maintaining a financially healthy medical practice is important for many reasons. 

On the most basic of levels, it allows you to keep the doors open. You can retain employees, keep morale high and remove the headaches associated with worrying about money month to month. Most importantly, though, it allows you to better serve your patients.

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Topics: Analytics, Healthcare Consulting, Medical Billing, Claims, Healthcare Payments

Pitfalls for Physicians Who Opt Out of All Insurance Networks

Posted by Currence Team on Oct 16, 2017 2:17:33 PM

The healthcare landscape in the US keeps getting more and more complex. Healthcare prices continue to skyrocket leaving many people in a spot where affording health care becomes incredibly challenging. Via Obamacare or mandates opposed to it there continues to be an institution of more rules, most of which includes risking premiums and fewer benefits than in previous years. This has understandably frustrated many physicians as they feel that they are not able to take care of their patients as effectively as they once did. 

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Topics: Healthcare Consulting, Medical Billing, Claims, Healthcare Payments, Healthcare Insurance, Obamacare, Insurance Networks

Medicare Advantage Plans Are Lucrative for Insurance Companies

Posted by Currence Team on Oct 3, 2017 3:35:23 PM

In an effort to control Medicare costs, the government few years ago introduced Medicare Advantage plans which are administered by private insurance companies.

Medicare pays the insurance company a fixed amount per enrollee per year to manage the care provided to the beneficiary who enrolled with the insurance company.

These beneficiaries opt out of the traditional 

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Topics: Healthcare Consulting, Healthcare Payments, Healthcare Insurance, Medicare, Medicare Advantage, Insurance Companies, Obamacare

6 Strategies to Make Getting Paid Easier as a Healthcare Professional

Posted by Currence Team on Sep 18, 2017 2:00:33 PM

As a doctor, you know full well that many of your patients struggle to pay their bills on time. You've taken several steps to increase collection of payments due across your practice, but unfortunately, sometimes, it feels as though you're getting nowhere! You need to keep the lights on in your practice, pay your staff, and ensure that your own paycheck is taken care of, so how do you convince your patients to pay their bills? These six key strategies will make it easier to collect on medical bills.

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Topics: Healthcare Consulting, Medical Billing, Accounts Recievable Management, Claims, Healthcare Payments

5 of the Most Common Medical Billing Errors, and How to Fix Them

Posted by Currence Team on Sep 14, 2017 11:45:22 AM

Medical billing errors are common, but exactly how common isn’t clear.  Several studies have attempted to quantify the extent of the problem, but each has arrived at a different conclusion.  Among the more startling of these is a 2015 study from Equifax, reported by ABC news:

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Topics: Analytics, Medical Coding, Healthcare Consulting, Medical Billing, Accounts Recievable Management, Claims, Medical Insurance, Financial Monitoring