Revenue cycle management (RCM) is a critical process in the US healthcare system that helps every healthcare provider to be paid for the services it provided. It encompasses the activities of a healthcare setup right from patient registration to payment reconciliation. Every healthcare facility needs an efficient RCM process to maintain its financial viability and […]
Is Collecting for Medical Services Rendered More Challenging Now?
Revenue cycle management is a complex process that seems to have become even more complex these days due to the challenging pandemic situation. In short, the revenue cycle management process consists of collecting patient information, treating them appropriately, submitting claims to insurance companies for getting timely reimbursements and collecting the remaining dues from patients, if […]
Medical Coding Is Not a Vanishing Career
Technological advancements have impacted a lot of industries and jobs tremendously and with the appropriate use of technology, various jobs become easier to perform. However, it is often seen that, over a period of time, the reliance on technology increases and responsibilities of a job are taken care of by technology, creating a situation, where […]
Things You Need to Know About Clinics and Their Management
Clinics are healthcare facilities that mainly focus on the care of outpatients and typically address the healthcare needs of the people in local areas. Clinics can be run by either general physicians or specialists in a particular field of medical science. Clinics have gained popularity among patients with minor ailments and where they need certain […]
Coding Compliance and Strategies to Improve Reimbursements
Compliance, i.e. acting according to established guidelines and specifications, with respect to the prevailing standards and regulations is vital for every business. So it is, for a healthcare facility in various aspects including medical coding and billing processes. Healthcare facilities must adhere to the various regulations designed to avoid and minimize the scope for fraud […]
Improve Patient Retention and Revenue Cycle with These Strategies
The success of a healthcare facility depends on its patient walk-ins of its existing and new patients. If you want your healthcare facility to have a regular flow of patient appointments, you must focus on patient retention and ensure that your existing patients do come back to you when they have any further issues. According […]
Social Determinants of Health and Medical Coding
If you are in the healthcare industry, especially medical coding you must know about social determinants of health (SDOH) which are the conditions in the environment that affect people’s health, life quality and risk of illnesses. The data for social determinants of health refers to the conditions in which people live, learn, play and work. […]
Tips to Improve Your Healthcare Documentation Skills
Speed and accuracy are as important in healthcare documentation as the knowledge of medical terminology. Learning about human anatomy, health conditions and other medical terminology is one aspect and typing with speed and accuracy is another aspect; mastering these two skills simultaneously is not impossible although it’s a challenging task. If you want to become […]
Things You Must Consider While Shifting Your EHR Software
In this world of digital information, electronic health records (EHRs) have become essential for healthcare providers to conveniently access data and provide appropriate treatment to patients. EHRs facilitate better coordination of patients, greater efficiency and improved patient care for the healthcare facilities while they empower patients with quick access to their health records. Further, to […]
The Financial Impact of Postponement of Elective Surgeries
Coronavirus disease had a huge impact on various aspects of our lives including a whole range of medical services. Since the risk of transmission is high in crowded places and people with comorbidity risks have a higher susceptibility to the disease, many healthcare providers and patients preferred postponing the hospital visits of patients who didn’t […]