Your practice’s year-end wellness check – Part 1

While we can’t make planning for the upcoming year as much fun as decorating the Christmas tree, our specialized solutions can help you check off your year-end to-do list and start 2026 with confidence.

To begin, we’re focusing on the foundation: your financial health. A smooth start to 2026 depends on clearing outstanding balances, auditing for lost revenue, and helping your patients prepare for next year.

Clear the cash flow logjam

• Settle any lingering 2024–2025 accounts with payers, patients, and credit institutions, including fully reconciling open drug claims
• Use InfoDive to generate current Accounts Receivable (A/R) reports. Think of this as a pulse check, letting you spot any slowdowns early and benchmark your performance.
• Review how you track write-offs (adjustment codes) to help uncover recurring issues that might indicate workflow inefficiencies
• Update your fee schedules to stay current and honor your payer agreements. Get your systems ready for all the new 2026 CPT and HCPCS codes to avoid delays in January billing.
• Since patient deductibles and copays restart on January 1, patient payments often slow down. Consider reviewing your cash reserves to help your practice stay stable during this early-year adjustment period.

Don’t leave money on the table

Take a moment to close those small revenue gaps that, over time, can add up to significant dollars.

• Double-check that drug waste is billed correctly, especially for single-dose vials
• Use InfoDive’s analytics to locate any services or drugs that were missed or undercoded
• Identify any drug claims that were paid below your contracted cost and verify that payers are honoring their agreements
• Make sure every drug pulled from your inventory management solution is properly billed in your system to prevent revenue from being lost

Auditing these areas often uncovers revenue you didn't even realize you were missing!

Ease patient worry

When you offer proactive, compassionate financial guidance, it helps ease patient anxiety, which naturally strengthens their trust and makes the collections process smoother for everyone.

• Use Protocol Analyzer to assess each patient’s out-of-pocket costs based on their treatment plan
• Monitor open foundation opportunities to streamline applications and tracking for patients who need assistance
• Review 2025 patients continuing into 2026 and help them with paperwork for manufacturer or foundation assistance programs

By tackling these critical financial items now, you are building a robust fiscal foundation. But a healthy practice requires more than just clean finances. In Part 2, the operational tune-up, we'll explore how to boost efficiency through smarter inventory management, optimizing your front office processes, and setting the right performance metrics.

This article is intended to communicate IntrinsiQ Specialty Solutions (IQSS) capabilities. However, IQSS strongly encourages readers to review all available information related to the topics mentioned herein and to rely on their own experience and expertise in making decisions related thereto as the article may contain certain marketing statements and does not constitute legal advice.