Medical billing has a lot of complexity to it, with many stakeholders involved throughout the process. Many steps have to be followed to guarantee precise and timely payments. The difference between good and bad medical billing can be the difference… Read More
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Challenges That Are Facing Denial Management and How to Overcome Them
Denial management is the process of investigating all unpaid claims, and it is a vital aspect of revenue cycle management. Using denial management, practices, and hospitals can swiftly pinpoint why claims are being denied so that these mistakes don’t happen… Read More
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Denial Management And How To Prevent Denied Claims
$262 billion were denied from a total of around $3 trillion worth of claims, which roughly translates to almost $5 million in denials for every hospital. About 65% of denied claims are not resubmitted, and 58% of all denials come… Read More
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The Most Common Challenges Hospitals Face With Their Revenue Cycle
Many hospitals today face a variety of challenges with their revenue cycle. It is an extensive process that needs all departments within the organization to work together for it to be a success. For hospitals to succeed from an economic… Read More
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What Makes Revenue Cycle Management Successful?
For a healthcare organization to succeed from a financial standpoint, revenue cycle management needs to be in place. It can be described as the management of claims, payment, and revenue production. To put it simply, it ensures that claims reimbursements… Read More
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Hospital Revenue Cycle Challenges
In the past few years, hospitals have been able to improve many revenue cycle components. Although this is good news, a recent Revenue Cycle Survey from Advisory Board showed that there has also been a drastic increase in claim denials…. Read More