Yes, you figured it right! This guide is all about mastering denial management in the healthcare space. Medical claim denials occur when an insurance provider declines to pay for medical services that a patient has received from a qualified healthcare practitioner. They are a persistent problem, negatively impacting cash flow, operational efficiency, and revenue for […]
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A healthcare practice may suffer significant losses due to claim denials, patients who pay late, or failure to bill a patient altogether. Payment posting may seem straightforward, but it is the most essential component of the revenue cycle and prevents revenue leakage. Besides, it can significantly impact patient satisfaction, productivity, and overall financial success of
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Revenue cycle management (RCM) is the process healthcare practices employ to handle the financial aspects of their business. In this guide, we will discuss whether ‘RCM in medical billing’ is a correct term or a misconception. We will also present some of the important strategies that you can integrate into your RCM process to make
Revenue Cycle Management (RCM) in Medical Billing: A Fact or Myth? Read More »
Running a medical practice is not an easy FEAT – a lot of effort goes into it. One of these is most important for your practice’s financial health, i.e., healthcare revenue cycle management (RCM). Therefore, all healthcare facilities must understand it and learn to optimize it. If you are a trusted healthcare provider struggling to
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Yes, you guessed it RIGHT! This guide will walk you through the pros and cons of outsourced medical billing and coding. But why should you read it? Here’s WHY! Any practice’s success mainly depends on two things; patient care and revenue management. Since providing healthcare is the primary function of any medical facility, therefore providers
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Artificial Intelligence (AI) is a force to reckon with. It has proven to be beneficial for every industry. It has also played a vital role in the advancements of the healthcare industry. AI integration in healthcare has the potential to reduce costs, increase overall patient satisfaction, improve alternatives to therapy, and result in diagnosis accuracy.
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Telehealth is a broad term that encompasses a wide variety of remote healthcare services. Telehealth includes clinical and non-clinical components of the healthcare industry, including education, administration, and public health. Telemedicine falls under telehealth. Telemedicine is narrowly focused on medical care. Telemedicine mostly implies the remote provision of clinical treatment. It entails patients receiving medical
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