Revenue Cycle Management

Denials with Revenue cycle Management

How to Beat Increasing Denials with Better Revenue Cycle Management Practice

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 …

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Documentation Error - RCM Proof

Clinical Documentation Errors – How to Get Rid of it and Make your RCM Process Fool Proof

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, …

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prevent patient debt in RCM

Strategies to Prevent Patient Bad Debt in Revenue Cycle Management 

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 …

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Strategies for Boosting Medical Reimbursement

Effective Strategies for Boosting Medical Reimbursement

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 …

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Implementing Revenue Cycle Management in Healthcare

Unlike other businesses in industries, healthcare has multiple responsibilities on its account; the one we know is saving lives and treating patients, and the other one is to develop successful processes and policies for financially staying healthy. However, it’s not simple; as said, the process involved in balancing the two sides is not complex but …

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