As a healthcare provider, accurately verifying a patient’s insurance coverage and eligibility is crucial for ensuring that both the patient and the healthcare facility are protected. Not only does this process help to ensure that the patient receives the necessary medical care, but it also helps to prevent financial issues or disputes from arising. In …
While looking at the Mission Statement of Healthcare Organizations, it is clear that they come in many sizes and shapes. However, the heart of all those Missions is to provide high-quality, patient-centered care. Yet the intention is straightforward; the act of delivering on the promise is not. Regardless of size, the facilities, and the in-house …
Choosing the Best Revenue Cycle Management Outsourcing Firm Read More »
Well, speaking about Emergency Department (ED), compared with the other healthcare departments, ED has its own set of issues. Not just for a single process, but for every practice operation, Billing, Coding, Staffing, Efficiency and Cash Flow. This is because everything is incorporated, right?! The reason behind the challenges in the Emergency Room is that …
How to Improve A/R Management to Increase ED Revenue & Accelerate Payments Read More »
The Healthcare spending of the United States accounts for nearly 18 percent of gross domestic product. The interesting part? This is more than other wealthy countries. However, we’re not sure about the celebration part. This is because the healthcare system in the United States is still lagging behind in many ways. While the U.S …
Why Healthcare Practices Should Transition to Value-Based Care Now Read More »
For hospitals to get paid for their care, revenue cycle management (RCM) processes must evolve along with the healthcare system. According to a recent study, claim denials have increased by nearly 50% over the last five years, costing hospitals billions of dollars in lost revenue each year. There are many reasons for an increase in …
How to Beat Increasing Denials with Better Revenue Cycle Management Practice Read More »
Mental health comprises our emotional, psychological, and social well-being. It is how we think, feel and behave. It also helps determine how we handle stress, relate to others, and make choices. Behavioral disorders are a type of mental health disorder that is characterized by abnormal patterns of behavior. These disorders can significantly interfere with a …
Medical Billing Options for Mental Health Behavioral Disorders Read More »
How often do you come across clinical documentation errors? If you are working in healthcare, then you should know that these errors are common and they can cost patients their lives. Clinical documentation errors occur when doctors or nurses write down incorrect information about patient care. They can include things such as wrong medication doses, …
Are you encountering difficulties in recovering medical bills from patients? If your patient is financially stressed and unable to pay the medical bill at the time of service, the payment gets delayed. Delayed payments end the long-term relationship between the patient and the provider. So medical health care providers and insurance providers must know how …
Strategies to Prevent Patient Bad Debt in Revenue Cycle Management Read More »
The pandemic has forced healthcare providers to change the way they operate. One of the most significant changes has been handling medical billing services and health insurance reimbursement. With so many patients unable to pay their bills, providers are looking for ways to boost medical reimbursement benefits and minimize bad debt. One way to do …
Effective Strategies for Boosting Medical Reimbursement Read More »
In recent years, there has been a shift in the healthcare landscape towards value-based care. This shift has led to an increase in the use of Remote Patient Monitoring (RPM) services. RPM is a type of telemedicine that allows healthcare providers to remotely monitor patients, by using technology. RPM has a number of benefits …
Remote Patient Monitoring (RPM) and Revenue Cycle Management (RCM) Read More »
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