Any medical practice will want to minimize how much revenue loss it sustains. In many cases, however, medical practices are reactive when dealing with revenue management problems. It’s better to be proactive and prevent these problems from ever occurring. That’s… Read More
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Why Revenue Cycle Management is Important
The primary priority of healthcare facilities and providers is to give patients the best quality of care that they can possibly give. Not far behind in the list of priorities, however, is revenue generation. In order to bring in the… Read More
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Pros and Cons With Bundled Medical Payments
In the medical field, there are various ways to charge medical services. One approach is to use the bundled medical payment system. As its name suggests, bundled medical payments take a group of services and give patients a single charge… Read More
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Why Patient Payment Collection Can Be Hard
Is your medical practice currently dealing with struggles when trying to collect payments from your patients? If your medical practice is having difficulties gathering payments from your patients, we’re here to tell you that many other practices go through the… Read More
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How You Might Improve Your Revenue Cycle Management Procedures
Any medical practice is going to benefit from top-notch revenue cycle management (RCM). When RCM is optimized, it improves the bottom line of your practice. You can lower the number of rejected claims you receive, shorten payment delays, and just… Read More
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How to Lower the Number of Claim Denials Your Practice Faces
Many individuals deal with financial pressure in the United States, and medical practices can face their own types of financial strain as well. As such, it’s important for your practice to bring in as much revenue as it can. Something… Read More
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Streamline Billing, Maximize Revenue: Partnering with an Urgent Care Billing Company
Urgent care facilities experience many challenges in managing their billing processes, potentially impacting revenue collection and overall business performance. This blog explores these difficulties and how collaborating with a medical billing company can be valuable. Urgent care facilities experience many… Read More
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Streamline Your Mental Health Billing: Avoid Pitfalls and Maximize Revenue
Navigating the complex tasks of mental health billing can be overwhelming for busy healthcare professionals. From diverse service types to pre-authorization requirements, the process is fraught with potential pitfalls waiting to trip you up. Avoiding these issues is crucial for… Read More
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Streamline Care, Boost Revenue: Why Automate Prior Authorization?
Prior authorization aims to ensure safe, effective, and high-quality patient care, but its manual processes can be costly, time-consuming, and hinder patient care. Automating prior authorization offers numerous benefits for both providers and patients. Here’s why:
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What Happens as a Result of Poor Revenue Cycle Management?
Even during the best of times, the healthcare industry could be characterized as highly demanding—and more than a little hectic. Of course, the optimization of healthy patient outcomes always lies at the heart (so to speak) of any practice’s mission;… Read More