Enduring the Second Wave: 4 Strategies to Prepare Your Practice’s Revenue Cycle

When COVID-19 first hit, practices were forced to enter crisis mode and make tough decisions to remain open. After facing the devastating financial impacts from the initial outbreak, it’s hard to believe practices are confronting the effects of COVID-19’s second wave. As physician practices prepare, it will be crucial to utilize lessons learned and industry best practices that not only enable practices to continue in their near-term recovery efforts, but also generate momentum to build greater success in the long term. This article will cover four key initiatives physician practices should implement now to prepare their revenue cycles for a second wave of COVID-19.