Revenue cycle management

Top 5 Ways to Optimize Hospital Revenue Cycle Management

In-House vs. Outsourced Medical Billing: Pros & Cons | 360Connect

  To maintain stability and increase cash flow, healthcare facilities must ensure that claims are processed correctly and reimbursed promptly. ————————————————————- Community hospitals in the US alone provided uncompensated care totalling $41.6 billion in 2019. Even though this number seems large, numerous other factors contribute to healthcare organizations’ massive debt, which harms their profitability. We … Read moreTop 5 Ways to Optimize Hospital Revenue Cycle Management

5 Signs that Show You Need to Change Your Revenue Cycle Arrangements

Revenue Cycle Management

It’s 2022 & it’s improbable to move back and work on obsolete technology!  Would you? Well, absolutely not!  Since technology has taken the healthcare industry by storm, choosing the right Revenue Cycle Management (RCM) is incredibly important!  Did you know? According to many accounts, doctors are being pushed to leave millions of dollars undiscovered around … Read more5 Signs that Show You Need to Change Your Revenue Cycle Arrangements

Why Payment Posting Is Important In The Medical Billing Process

EOB and ERA posting

Payment posting is considered to be a very simple task in medical billing but it is the fundamental and most important step in billing and overall revenue cycle management. It helps a practice to promptly identify a potential issue and correct it at an early stage so as to save time and avoid inconvenience. An … Read moreWhy Payment Posting Is Important In The Medical Billing Process

Outsourcing – How It Benefits Your Practice

Medical Billing

Outsourcing in business means involving a third party in your business for doing certain tasks that are not the core function of your business. Outsourcing offers many advantages as it offers specialized and customized services to the clients and reduces the overall operational costs. When we talk about outsourcing in the healthcare industry it mainly … Read moreOutsourcing – How It Benefits Your Practice

Medical Billing Outsourcing Company in India

Outsource Medical Billing

Medical billing outsourcing is a common practice in the modern healthcare industry around the globe. Most of the practices as well as hospitals are adopting services provided by various third-party companies to handle their administrative jobs. This reduces the operational cost as well as manages the smooth functioning of the practice. Although companies from many … Read moreMedical Billing Outsourcing Company in India

RCM Myth: Medical Billing Is Just a Back-Office Job

6 Best Practices for Collecting Patient Payments

Revenue cycle management or RCM is like an umbrella that covers various operations like medical billing and coding, appointment scheduling, payment and copayment collections, etc. In the healthcare industry, there has been a myth that medical billing is just a back-office job. It is often looked down upon and is considered a normal job. But … Read moreRCM Myth: Medical Billing Is Just a Back-Office Job

How Patient No-Show Affects RCM?

creative

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?

Improve denial management of your medical practice

Improve denial management of your medical practice

It is a task in itself to maintain the rapport of medical practice by providing quality treatment and care to all the patients. What if amid trying to provide the best possible healthcare service, the provider is slapped with a notice of claim denial from the insurance company? Yes, medical practices are for helping people … Read moreImprove denial management of your medical practice