Is your account receivable out of control? Are you unable to unclog the pending accounts? Is your overlooking starting to impact the cash flow? It’s time you identify what is disrupting the AR management and why you must outsource services. CAUSES OF AR CLOGGING Improperly claimed services; Errors on billers and coders part can lead … Read moreHOW YOUR PRACTICE CAN BENEFIT FROM AR OUTSOURCING?
Per Annals of Internal Medicine findings from a retrospective population-based analysis, Medicare Advantage users, had higher risk-adjusted 30-day hospital readmission rates compared to traditional Medicare beneficiaries. Hospital admissions were compared for three common medical conditions. Hospital readmissions are one of the significant reasons behind the decline in healthcare organization’s revenue. No hospital wants their patient … Read moreHOW TO KEEP A CHECK ON HOSPITAL READMISSION?
While it might look easy, looking from an outsider’s perspective, and on the surface level, but one of the most back-breaking aspects of a healthcare organization is its revenue cycle management. You would say, how difficult can it be? A doctor providing treatment and patient paying the fees? But the revenue cycle is more intricate … Read moreRCM VULNERABILITIES: TIPS FOR EFFICIENCY
Source ￼What makes a healthcare treatment and care delivery system? The patients! Most of the physicians and hospitals have a tough time attracting and retaining patients. The reason for the falling patient engagement could range from patients not feeling valued by the inefficient and untrained front-desk support or patients getting overwhelmed with the healthcare organizations … Read moreEFFECTIVE PATIENT-ENGAGEMENT STRATEGIES
As the healthcare expenditure in the United States is skyrocketing with every passing year, so is the number of Americans getting themselves covered under health insurance policies. These health insurance policies regulated by the federal government keep evolving with the situation and the ever so evolving needs. While these healthcare reforms have a profound impact … Read moreMEDICARE 2019: IMPACT ON BILLING AND CODING
“The city has lost several of its grocery stores in recent years, leaving residents with few options when it comes to buying food. That’s where the relatively new discipline of culinary medicine comes in. Culinary medicine initiatives help to advance health equity by increasing access to healthy food and building awareness of the importance of … Read moreCulinary Medicine: Basics and Scope
Yes, hospital, clinics, doctors, healthcare professionals are responsible for keeping people in pink of their health, but they also need money to keep their medical practice financially healthy. This is where healthcare revenue management comes into the picture. Medical/healthcare revenue cycle management is a crucial element of medical service providers which is responsible to efficiently … Read moreMEDICAL RCM: AT A GLANCE
A minor error in medical transcription can cost a healthcare practice a fortune or even a possible lawsuit in case the documentation is severely flawed which is why outsourcing a medical transcription service from a credible billing and coding company like Medphine is a preferred choice by all healthcare providers. Not only this ensures accuracy … Read moreFATAL MEDICAL TRANSCRIPTIONS FALLACIES
“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