29th June 2019 Estimated reading time : 5 Minutes 5 Advantages Of Outsourcing Your Medical Billing Services It goes without saying that every organisation should always focus on their core competencies and outsource all the processes which are time-consuming and up costing them their profits and also a lot of manual labour and crucial resources…
29th May2019 Estimated reading time : 5 Minutes MEDICAL BILLING AND DENIALS Denial of medical claims has been the biggest concern for physicians, doctors & other healthcare professionals. Recurring denials or increase in denials lead to operational losses which are difficult and sometimes impossible to recover. Denials fall into two big buckets: hard and soft.…
20th May 2019 Estimated reading time : 5 Minutes BEST PRACTICES FOR SUCCESSFUL MEDICAL CLAIMS PROCESSING The AMA (American Medical Association) recently stated that the rise in claims processing errors is causing unnecessary costs for the healthcare industry. Not all of the factors that influence claims payment are within your control, but you can take…
15th May 2019 Estimated reading time : 5 Minutes MEDICAL BILLING OUTSOURCING Medical billing involves a healthcare provider submitting, following up on, and appealing claims with health insurance companies in order to receive payment for services rendered; such as testing, treatments, and procedures. Essentially, medical billing is the process of submitting and following up on…
17th April 2019 Estimated reading time : 5 Minutes Empower Patient Care: Expert Medical Transcription Solutions Medical transcription is key in medical practice. Accurate and timely transcriptions are an absolute must. Physicians need to be certain that their vocal dictations will be accurately transcribed into well-polished, written documents. It doesn’t matter if the organization is…
21st Feb 2019 Estimated reading time : 5 Minutes SIGNS THAT YOUR PRACTICE IS IN NEED OF EMR EMR stands for Electronic medical record, which is the systematized collection of patient health information and a digital equivalent of paper records. The EMR represents a medical record within a single facility, such as a doctor’s office…
12th Feb 2019 Estimated reading time : 7 Minutes Prior Authorizations Services What is Prior Authorization? Prior authorization is an important element of medical billing and RCM. It is basically a health plan cost-control process requiring providers to obtain approval before performing a service to qualify for payment. Health insurers frequently require prior authorization for…
17th Jan 2019 Estimated reading time : 7 Minutes BENEFITS OF RPA IN HEALTHCARE About RPA Robotic Process Automation or RPA is the technology that allows anyone today to configure computer software, or a “robot” to emulate and integrate the actions of a human interacting within digital systems to execute a business process. RPA is…
16th Jan 2019 Estimated reading time : 7 Minutes ADVANTAGES OF OUTSOURCING TO HEALTHCARE BPO Outsourcing is a concept people get fired up about. Some people love it; others hate it. It seems as though nothing divides a room full of business professionals faster than the idea of sending some services out of house. Although…
12h Dec 2018 Estimated reading time : 7 Minutes IMPORTANCE OF RCM IN HEALTHCARE INDUSTRY What is RCM? Revenue-cycle management (RCM) can be defined as the process of handling claims, processing payment and generating revenue in the healthcare industry. Itis about how an organization handles finances and processes associated withdifferent steps of patient care, beginning from the time when…