The medical billing process’s bureaucracy and behind-the-scenes conspiracies mean that the revenue cycle is much more complicated than in the days before the industry started introducing software automation tools to the mix. The medical billing process today is also so complex that it is typical for bills to take not only days, but months to…
For healthcare organizations with an inefficient A/Rinfrastructure, billing is usually delayed or are often inaccurate. This canlead to a reduced bottom line alongside worsening your patients relationshipwith your hospital when inefficiencies occur. Without the acceptable A/Rstructure, administrative issues and redundancies may exist which will have asignificant impact on the efficiency of your hospital. On average,…
The global COVID 19 pandemic attack has gone far beyond thousands of infections and deaths and has affected almost all sectors. Healthcare organizations and medical billing companies being in the vanguard during this travail state are most vulnerable. The pandemic has resulted in the closure of businesses and job losses on a scale that hasn’t…
Healthcare revenue cycle management is the financial process that facilities use to manage the administrative and clinical functions associated with claims processing, payment, and revenue generation. The process encompasses the identification, management, and collection of patient service revenue. The industry-wide transition from fee-for-service to value-based care reimbursement will bring changes to traditional revenue cycle management.…
Healthcare providers are already working in battle mode, preparing new plans to respond to the growing amount of coronavirus patients, from sourcing rapid diagnostic kits to securing sufficient personal protection equipment for workers and figuring out where to place an overflow of patients. For healthcare organizations on the front lines of this pandemic, another source…
In today’s competitive healthcare sector, organizations have been experiencing tremendous administrative pressure along with increasing operating expenses. To cope with this, you need advanced tools at your disposal to keep your medical organizations’ finance profitable. This is where efficient revenue cycle management comes into the picture. Hence, we have introduced the most powerful strategies in…