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Content provided by Bert Fernandez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bert Fernandez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
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S1E33: Practice Owners: How Do You Perform Against Industry Benchmarks? | HT2C with Bert Fernandez

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Manage episode 511542840 series 3680794
Content provided by Bert Fernandez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bert Fernandez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

HealthTech2Care (HT2C) Podcast featuring Raja Danish, Co‑Founder & CEO of Wise Medical Billing

Raja Danish (Guest):

🌐 Wise Medical Billing: https://www.wisemedicalbilling.com

🔗 LinkedIn: https://www.linkedin.com/in/rajadanish

Bert Fernandez (Host):

🌐 HealthTech2Care: https://www.healthtech2care.com

🔗 LinkedIn: https://www.linkedin.com/in/bert-fernandez

📺 YouTube: https://www.youtube.com/@HealthTech2Care

🎙️ In this episode, Raja Danish shares how Wise Medical Billing helps private practices overcome billing gaps, recover lost revenue, and operate with clarity. He walks through a podiatry group's turnaround—recovering 80% of $2M in aged AR in four months—and breaks down the KPIs every practice should be tracking but often isn't: denial rate, first-pass resolution, and AR days.

Raja also shares what separates high-performing practices from the rest, how leadership and structure drive billing results, and why most owners don't realize how much money they're leaving on the table.

⏱️ Timestamps:

00:00 The 3 biggest gaps in private practices: team, process, and performance KPIs

02:30 What KPIs matter most? Denials, AR days, and first pass resolution rate

07:22 How Wise Medical Billing's partnership model drives real operational change

10:27 Why decisions must be data-driven—regardless of practice size

12:00 What holds back practices from switching RCM models?

14:00 People, process, tools: the 3 pillars of successful revenue cycle management

17:18 Case study: recovering $1.6M in AR for a podiatry group in 4 months

20:25 How to connect with Wise Medical Billing for a tailored audit and strategy

🔑 Highlights:

  • Three in-house billers, no RCM oversight—$2M in AR piled up
  • Wise ran a root-cause audit and recovered 80% of AR in four months
  • Billing stabilized → practice began expanding from one location to others
  • Most practices don't track denial rate (benchmark: under 5%) or first-pass resolution (benchmark: 80% or higher), along with AR days
  • Lack of KPI visibility leads to missed revenue and reactive decision-making
  • Wise brings reporting, structure, and accountability to underperforming teams
  • One-size-fits-all RCM doesn't work—every practice needs a tailored solution
  • The foundation is people, processes, and tools—and most billing breakdowns come from gaps in all three

👉 Learn more about Wise Medical Billing: https://www.wisemedicalbilling.com

🔔 Subscribe to our YouTube channel for more conversations with standout voices in U.S. healthcare & life sciences: https://www.youtube.com/@HealthTech2Care

#Podiatry #PrivatePractice #MedicalBilling #RevenueCycle #PracticeTurnaround #KPIs #ARRecovery #WiseMedicalBilling #HealthTech2Care

  continue reading

39 episodes

Artwork
iconShare
 
Manage episode 511542840 series 3680794
Content provided by Bert Fernandez. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Bert Fernandez or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

HealthTech2Care (HT2C) Podcast featuring Raja Danish, Co‑Founder & CEO of Wise Medical Billing

Raja Danish (Guest):

🌐 Wise Medical Billing: https://www.wisemedicalbilling.com

🔗 LinkedIn: https://www.linkedin.com/in/rajadanish

Bert Fernandez (Host):

🌐 HealthTech2Care: https://www.healthtech2care.com

🔗 LinkedIn: https://www.linkedin.com/in/bert-fernandez

📺 YouTube: https://www.youtube.com/@HealthTech2Care

🎙️ In this episode, Raja Danish shares how Wise Medical Billing helps private practices overcome billing gaps, recover lost revenue, and operate with clarity. He walks through a podiatry group's turnaround—recovering 80% of $2M in aged AR in four months—and breaks down the KPIs every practice should be tracking but often isn't: denial rate, first-pass resolution, and AR days.

Raja also shares what separates high-performing practices from the rest, how leadership and structure drive billing results, and why most owners don't realize how much money they're leaving on the table.

⏱️ Timestamps:

00:00 The 3 biggest gaps in private practices: team, process, and performance KPIs

02:30 What KPIs matter most? Denials, AR days, and first pass resolution rate

07:22 How Wise Medical Billing's partnership model drives real operational change

10:27 Why decisions must be data-driven—regardless of practice size

12:00 What holds back practices from switching RCM models?

14:00 People, process, tools: the 3 pillars of successful revenue cycle management

17:18 Case study: recovering $1.6M in AR for a podiatry group in 4 months

20:25 How to connect with Wise Medical Billing for a tailored audit and strategy

🔑 Highlights:

  • Three in-house billers, no RCM oversight—$2M in AR piled up
  • Wise ran a root-cause audit and recovered 80% of AR in four months
  • Billing stabilized → practice began expanding from one location to others
  • Most practices don't track denial rate (benchmark: under 5%) or first-pass resolution (benchmark: 80% or higher), along with AR days
  • Lack of KPI visibility leads to missed revenue and reactive decision-making
  • Wise brings reporting, structure, and accountability to underperforming teams
  • One-size-fits-all RCM doesn't work—every practice needs a tailored solution
  • The foundation is people, processes, and tools—and most billing breakdowns come from gaps in all three

👉 Learn more about Wise Medical Billing: https://www.wisemedicalbilling.com

🔔 Subscribe to our YouTube channel for more conversations with standout voices in U.S. healthcare & life sciences: https://www.youtube.com/@HealthTech2Care

#Podiatry #PrivatePractice #MedicalBilling #RevenueCycle #PracticeTurnaround #KPIs #ARRecovery #WiseMedicalBilling #HealthTech2Care

  continue reading

39 episodes

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