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?
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?
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
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
IMPORTANCE OF AR MANAGEMENT Account receivables follow-up play a crucial role in the medical billing and coding process, ultimately impacting the revenue cycle. They make sure that the insurance providers pay the payment owed without disrupting the flow of revenue cycle. With the aim to reopen a denied claim to get maximum reimbursement, the job … Read moreDON’T MAKE THESE AR MANAGEMENT MISTAKES
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?