While mistakes happen in every workplace, some have more significant consequences than others. In healthcare, medical credentialing errors can be costly, impacting not only finances but also patient safety and staff morale.
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What Can Impact Revenue for Your Medical Practice?
You may have noticed that your medical practice is not generating as much revenue as others. While they may be offering the same kinds of healthcare services, it makes you wonder if you’re doing something wrong in terms of your… Read More
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Improving Revenue Cycle Management with Urgent Care Billing
While a lot has changed in the past few years, the most persistent is that no matter where you go, businesses are understaffed and overworked, and people are on the edge of burnout. This is the same in most medical practices and specialty… Read More
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Perks of Having Good Revenue Cycle Management
The Healthcare industry should be about providing patients the best care possible. However, treating the patient is only one piece of the process. Providers also need to have effective clinical and administrative practices to ensure they get the reimbursement they… Read More
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Signs That Your Revenue Cycle is Failing
No medical facility wants to lose money, and to maintain your funds, you need proper revenue cycle management. Unfortunately, some facilities don’t even know anything is wrong with their revenue cycle until they’re losing money. Fortunately, there are indicators that… Read More
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Revenue Cycle Mistakes Made By Providers
Usually, in primary care and other types of practices that are more office-oriented, payments from patients and insurers need to be made sooner rather than later if you want operations to go smoothly. If providers don’t manage the revenue cycle… Read More
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Going Over Two Different Kinds of Medical Billing and Coding
While many people have made at least one trip to a doctor’s office in their lifetime, understanding everything that goes on around a medical office is an entirely different story. The delivering of care to patients is one aspect of… Read More
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Lesser-Known Reasons That Your Medical Practice Could Be Losing Revenue
Recent studies have popped up showing that between 25% and 30% of income lost by medical practices is a result of underpricing, charges that were either missed or not submitted, no proper follow-up, or wrong coding. As a means of… Read More