Optimizing Revenue Cycle Management: Essential Stages, Challenges, and Best Practices
In healthcare, the financial stability of an organization largely depends on how well revenue cycle management (RCM) is handled. As the industry continues to evolve, it’s essential for organizations to grasp the complexities of RCM. With the growing complexity of healthcare delivery, optimizing RCM is key to ensuring timely reimbursement and plays a crucial role […]
How to Know If Your Claims Are Being Underpaid
Medical billing is a vital part of healthcare administration and can be especially challenging for smaller medical businesses such as independent labs and specialist practices. Accurate and timely billing is crucial for practitioners to receive payment for their services, keep their offices running smoothly, and provide high-quality care to patients. Insurance companies and government payers […]
No Surprise Act Makes RCM More Important Than Ever
When any new federal regulations go into effect, there is always trepidation and many, many questions. Even though detailed requirements are spelled out, just how the new procedures and requirements will impact the bottom line of those affected is always a question, especially when the subject is medical billing laws.When the No Surprises Act effective […]
5 Ways Payment Posting Is an Important Part of Revenue Cycle Management
In the overall process of medical revenue cycle management (RCM), payment posting is often relegated to the “when I get around to it” list—meaning it often gets left undone. At first it may seem like an administrative detail that isn’t very important since you’ve already received payment, but that’s a short-sighted view of what is […]
So You’re Ready To Outsource Your Medical Billing Practice
Outsourcing your medical billing can be the most crucial decision you ever make in your medical practice as a healthcare provider. It can make your life a lot easier, and you will make a sharp reduction in billing errors, making more money, becoming more patient-focused resulting in satisfied customers as well as getting a plethora […]