“Practicing value-based care works to address the nation’s chronic disease epidemic by giving physicians the support and data they need to focus more on prevention and reduce acute care episodes,” Roy A. Beveridge, MD, Humana’s chief medical officer, said in a statement. “This model allows physicians to focus time and energy on those patients who … Read moreVALUE-BASED CARE AND RCM
Escalating Account Receivables days? Delay in insurance payment? The aforementioned statement is enough to give a healthcare practice’s operator sleepless nights. Optimizing account receivables is crucial to keep the healthcare facility running in a stable condition. Streamlined AR results in fast track claim reimbursement with its timely follow-up, comprehensive denial management to contribute to an … Read moreIMPROVE PRACTICE’S A-R MANAGEMENT
A: I will never recommend that medical practice, even to my nemesis? B: Why so? A: They have a pathetic front-desk staff? No etiquettes, disorganized and sheer wastage of time, visiting that hospital. And there goes all your hard-work straight in the drain. You know how they say, “first impression matters”? This is apt … Read moreENHANCE YOUR PRACTICE’S FRONT-DESK EFFICIENCY
150 billion! Yes, that is how much healthcare systems of the United State lose because of patient no-shows, in a year. Setting up, operating and maintaining healthcare organization is expensive. What adds to the staggering expense and has an adverse impact on the revenue generated is the frustrating habit of the patient not showing without … Read moreHow Patient No-Show Affects RCM?
Of all the intricate processes that make up the medical billing and coding in the healthcare industry, be it Insurance verification, medical transcription, claim submission, payment posting, one process which holds utmost prominence, considering heightened intricacies of its own is charge entry practice. Why, you ask? Because charge entry process if overlooked will impact your eligibility … Read moreRationalise your charge entry practice
People at the front desk make an impact on every person that calls you. This fact becomes even more critical when you are in the healthcare industry. A friendly and cordial service will improve patient experience and patient satisfaction. Not only that, but it also affects the HCAHPS score as well. Politeness, providing on-call facilities … Read moreIMPROVE PATIENT SATISFACTION THROUGH EFFICIENT CALL HANDLING
Healthcare industry is undergoing massive change due to political and regulatory modifications. It is becoming increasingly difficult to operate a healthcare business because of its complexity and the profit margins are becoming narrower each day. The modern healthcare flourishes on enhanced technology of health and management which helps these organizations in improving its efficiency. But … Read moreKeys To Successful Implementation Of Any Healthcare Technology
Healthcare has witnessed biggest shifts in their general practices recently. These changes are coming fast and hard due to which most nimble organizations are not able to steer them without much disturbance. Many healthcare organizations are finding themselves struggling in managing their revenue cycle management. Undoubtedly, patient health is the pinnacle of your vision but … Read more3 Indications you need to transform your hospital Revenue Cycle
Accounts receivable is the money you own by rendering services to your patients. This Makes the most important part of your revenue cycle management. Your cash flow is directly proportional to the way you manage your accounts. Lack of AR management has a critical immense effect on the financial performance of healthcare practice.The internal revenue … Read moreHow Lack of AR Management Can Harm Your Revenue
Most of the times Ambulatory Surgical Centres are not well prepared for RAC audit. It is the best interest of ASC to have a process that prepares you for possible audits. In order to avoid RAC audit successfully your ASC have to be documented accurately and in a detailed manner. You should follow these … Read more3 Steps For Medical ASC (ambulatory surgical center) In Order To Avoid RAC Audit