Different Types of Billing Systems in Healthcare
In the modern healthcare industry, efficient medical billing systems play an important role in ensuring that providers are timely reimbursed for the services they offer. However, the billing process isn’t always as straightforward as it might seem. The type of medical billing systems a healthcare provider uses can significantly impact their administrative workload, revenue cycle, […]
The Top 6 Methods for Providers to Verify Medicare Coverage
Every day, around 200 million claims get denied, which means roughly one in seven claims doesn’t get approved. Of these, about 27% are turned down because of problems with patient registration and eligibility. Dealing with these denials can be expensive, with each rejected claim costing an average of $25 to manage. This can create significant […]
Stay on Track With This Checklist for an Effective EHR Implementation
Electronic health record (EHR) systems have a lot to offer but implementing such a comprehensive process can be a daunting task. Many practitioners have no idea how to even get started, much less make sure the process complies with all the requirements. We’ve put together a checklist to help you make sure you hit all […]
Confused About PHR, EMR and EHR? Here’s What They Are and How They Differ
When the movement to make medical records digital-first started up, the new terms weren’t very clear, and electronic medical records (EMR) and electronic health records (EHR) were often denoted as EHR/EMR, so it’s no wonder folks were confused about the terms. Adding to the confusion, the two terms were often used interchangeably by people who […]
3 Reasons Why Revenue Cycle Management is Important in Healthcare
What is RCM in Medical Billing ? Every practice or medical organization acknowledges the importance of revenue cycle management in healthcare to some degree. However, an organized, well-designed approach to the healthcare revenue cycle management system can be the difference between a struggling practice and a thriving one. Revenue Cycle Management (RCM) begins when the […]
Here’s What You Need to Know About Medical Billing Quality Assurance
Regardless of the industry, business success clearly depends on getting paid for goods and services provided. In the healthcare sector, revenue cycle management (RCM) is more elaborate and complicated than it is in any other field. In its most simplified form, medical RCM begins when the patient contacts a provider to make an appointment. It […]
Why You Should Focus on Improving Your Medical Billing Revenue Cycle
Revenue Cycle Management is a process that is employed in the US healthcare system. In the United States, the revenue from patients is tracked from their first encounter with a medical facility to avail any form of medical service or product to their most recent payment of balance. The cycle can be defined as, “all […]
