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The financial impact of patient access on revenue cycle is significant. A well-executed patient access strategy can significantly improve revenue cycle performance. By streamlining the patient registration process, verifying insurance eligibility, and collecting accurate patient information, healthcare providers can reduce claim denials, accelerate payment cycles, and increase overall revenue.
Effective patient access also enhances patient satisfaction, leading to improved patient retention and loyalty. Ultimately, a strong patient access strategy can contribute to a healthier financial bottom line for healthcare organizations.