What would you say if we ask, “Where does the revenue cycle for a healthcare practice begins?” Once the patient is released from the hospital, you might say. No, the revenue cycle begins when the patient calls for scheduling appointments in the hospital to the front desk. From there itself, the patient decides whether or … Read moreHow Emerging Technology Can Help You Boost Your Front-Desk Efficiency
The healthcare industry is continuously changing, especially its revenue cycle with the stricter regulatory standards, shifting financial responsibility to the patients, increasing the complexity of the payer contracts. Medical facilities need to stay updated with the latest tools and techniques that can be implemented to strengthen the outcomes of the revenue cycle. Surprise medical bills, … Read moreSTRATEGIES FOR IMPROVING REVENUE CYCLE OUTCOME FOR MEDICAL PRACTICES IN 2020
Healthcare billing 2019 was all over the news with critical issues such as surprise medical bills, which is yet to find an effective solution and changes in the Medicaid payment, which became a legislative issue. But what healthcare staff around the country are anticipating with a batting eye is the latest medical billing and coding … Read moreMEDICAL BILLING TRENDS TO WATCH-OUT FOR IN 2020
The healthcare landscape is evolving. As the need for transparency is increasing, so is the involvement of patients in the healthcare processes. No matter how advanced healthcare technology becomes, patient engagement is always going to be a critical aspect of healthcare’s revenue cycle management. Amidst the advancement and in the race to provide premium quality … Read moreREDEFINING PRACTICE SUCCESS WITH EFFECTIVE PATIENT ENGAGEMENT
Wondering why your healthcare facility should outsource? With the increasing population, the need for advanced medical facilities and healthcare treatment is exponentially increasing. The healthcare organizations and medical practitioner’s first duty is to attend to and deliver quality treatment and care to the patients. But to be able to do so, they need a robust … Read moreWHAT IS EFFECTIVE HEALTHCARE OUTSOURCING?
No matter how much physicians loathe the process of having to engage in a back and forth conversation with the healthcare insurance provider before going through with the medication or procedure, prior authorization as of now is mandatory. What is prior authorization? While deemed as an insult to the qualification and integrity of the physicians, … Read morePrior Authorization: Implementation And Complications
Dispensing quality care and treatment to the patients has always been the primary goal and concerns of the healthcare industry. Every year we come across latest technological advancement that further streamline the care process. One such most recent term in the health ecosystem is interoperability. What Is Interoperability? Enforcement upon healthcare providers to switch from … Read moreHealthcare API And Interoperability: What Do You Need To Know?
The efficiency of the billing and coding process can not be stressed enough with the value-based care now in action. The shift to patient financial responsibility is further pressuring the healthcare practices to work on improving their billing processes. Similar to any industry in the market, healthcare too needs to set up and work over … Read moreHEALTHCARE REVENUE KPIS TO KEEP TRACK OF
With the continuously evolving healthcare policies, including more patient responsibility and increasing the intricacy of the already complex healthcare landscape, ensuring a sound revenue cycle management is becoming a back-breaking task for the healthcare operators around the nation, but there is no scope for mistakes. Practices and providers have to ensure that billing and claim … Read moreREVENUE CYCLE PARALYSIS: OPTIMIZE IT
The US healthcare system has drastically changed and how! No longer is only the provider bearing the burden of financial responsibility, with the liability now shifted more towards the patients. Furthermore, the high deductible policies and the yearly escalation of the number of co-pays and insurance, the out of pocket expense for the patient’s have … Read moreTIPS TO IMPROVE PATIENT COLLECTION