Have you ever wondered why your medical practice isn’t making as much money as it could? It’s possible that an out-of-date fee schedule could be the source of the problem. Outdated fee schedules are found across many medical practices, which… Read More
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Comparing In-House and Outsourced Medical Billing
Debating on whether to do your medical billing in-house or to outsource to another company is something that many practice managers and doctors have to deal with regularly. The right answer might vary between practices and will be determined in… Read More
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Prevent Claim Denials Using These Preventive Methods
Trillions of dollars in claims get submitted, and several billion dollars get denied. It’s estimated that roughly $5 million in claims per hospital get denied. This results in a lot of lost revenue for your practice. To help you avoid… Read More
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How To Successfully Execute Your Denial Management Process
It would be nice if you could spend all of your time and energy on patients and their care, but the truth is that you’re running a business. At some point, you have to pay attention to your revenue cycle, and… Read More
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4 Tips for Generating More Urgent Care Revenue
Although the healthcare industry is necessary as it plays a major role in keeping well and restoring others to full health, it is also a business. Therefore, it is important that wellness facilities take the necessary measures to make sure… Read More
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Why Neurologists Should Consider Outsourcing Their Revenue Cycle Management Services
Neurologists are constantly trying to balance their heavy work schedules. In addition, to devoting ample time to assessing multiple patients in a day, they also have to deal with the monotony of medical billing services. It is incredibly difficult to… Read More
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What Surgical Centers Must Consider for Revenue Cycle Management
Surgical centers have their hands full when it comes to billing, collections, and coding. It is a lot to handle; however, there are plenty of steps you can take to help your revenue cycle management (RCM) run as seamlessly as… Read More
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3 Common Revenue Cycle Management Mistakes
How would you rate the revenue cycle management (RCM) of your organization? In a lot of ways, RCM is key to the financial success of a medical practice. It is important to remember that the revenue cycle has changed significantly… Read More
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3 Revenue Cycle Management Obstacles
In a lot of ways, revenue cycle management (RCM) serves as the backbone for healthcare organizations. It is needed for administrative purposes, which includes revenue generation, claims processing, and accepting forms of payment. With rising provider costs, frequent advances in… Read More
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What Should We Expect From The Revenue Cycle Management Market?
There are several components in healthcare revenue cycle management (RCM). With a good RCM system in place, it should handle the following: collect payments as they are due, charge for patient services, ensure billing is done in a timely fashion… Read More