An Overview of Revenue Cycle Management
Revenue cycle management (RCM) refers to the financial process of keeping track of a patient’s expenses during their stay at the healthcare facility. The health care facility employs the use of...
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Understanding Net Collection Rates
Understanding net collection rates will help you to gain a better understanding of how much money that is owed to your practice is collected. Calculating your collection rate is quite simple, but it...
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Efficient Provider Credentialing for Greater Patient Safety
Efficient Provider Credentialing for Greater Patient Safety To provide the best possible healthcare to your patients, it is important that your healthcare providers are up to the task. But, how can you...
View ArticleWhy Should You Outsource Your Medical Billing
Why outsource RCM A highly challenging and demanding task, medical billing is one of the pillars on which your organization stands. Mistakes made in your medical billing can sink your practice faster...
View ArticleImprove Denial Management
Globally, medical practices are facing tough financial times. The growing population coupled with the rise in new diseases is taking its toll on the healthcare system. Healthcare claims are coming...
View ArticleManaging Revenue Cycle Management Metrics
Your medical practice has never had it so good. The number of patients is increasing and you have enough left over after paying all your overhead expenses and bills. You even have enough left over to...
View Article12 Tips on Reducing Patient Wait Times in the Clinic
The few picture frames on the wall showcase degrees and awards that have been bestowed a long time back. The magazines on the table are mostly journals – and old ones at that. Other than the soft...
View ArticleEffective Claim Denial Management Strategies
According to the AMA’s health insurer report card, denial rates of claims for major private payers ranged between 0.54% and 2.64%. At the same time, denial rates for Medicare stood at close to 5%....
View ArticleImportance of Clinical Documentation Improvement
In the current healthcare scenario, every patient encounter requires to be documented – both for future reference as well as for the facility to be reimbursed for the services performed. With the...
View ArticleDifference between EHR and Practice Management Software
Digital record keeping is here to stay – and is evolving in leaps and bounds. The vast array of hardware and software available can be confusing to even those well versed with the current digital...
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