Accounts receivable is one of the major factors in the revenue cycle management of all kinds of organizations. However, the medical billing industry is one of them. Most of the insurance companies pay large amounts of bills without which any hospital’s or medical organization’s expense cannot be recovered. This results in the improper medical care…
Currently, most organizations strive to sell their goods or services with immediate payment and, as practice shows, sometimes they have to work through loans, that is, deferred payment. This leads to the inevitable occurrence of receivables, which today exists in the settlement system. Therefore, it is on the part of the organization that the initial…
Medical claim denials have risen, and they are affecting not only the hospitals but only also the physicians. This comes as an expense to the healthcare industry, whereby sometimes, the claim is denied, which is a loss. They lose revenue, which could have been used for the daily running of the activities. Therefore, there is…
