It is essential to find ways to reduce expenses and increase revenues if you want to manage your medical practice in absolute financial health. With business expenditure that is escalating at a rapid pace, it becomes vital that you have efficient medical coding and medical billing processes in place that generate accurate and timely revenues […]
Terms You Should Know about EHRs
Electronic health records (EHRs), the digital version of paper charts that contain the medical and treatment history of patients are critical in automating healthcare providers’ patient records and offering high-quality patient care. EHRs contain detailed information about a patient’s health comprising of the medical history, diagnoses, medications used, immunization dates, allergies, and laboratory and test […]
Role of EHRs in the Pandemic Situation
The pandemic has created the need for a value-based care model and transformation of the EHR systems that focus on a patient’s plan for health, rather than the sole emphasis on a patient’s medical record. In the present scenario, it has been observed that although electronic health records enable sorting through enormous patient information, the […]
Importance of Electronic Health Records during a Pandemic
Pandemics create havoc and the pandemic we have been experiencing for more than a year now is no different. The coronavirus disease 2019 (COVID-19) has been affecting millions of people worldwide with serious sickness and fatality. Reacting to such a public health emergency asks for storage of and access to large volumes of data that […]
Best Practices to Maximize Healthcare Providers’ Revenues
Medical billing and collections are the significant processes of a healthcare facility that should be performed by qualified professionals although it is a routine task. Medical billing is a science that needs appropriately integrating medical billing best practices into your revenue cycle management (RCM) process. To integrate the best practices and smoothly transit your healthcare […]
A Walk-through the Revenue Cycle Management In Healthcare Facilities
Revenue cycle management (RCM) is the management of finances, a crucial process that keeps an organization going on a daily basis. If facilities do not focus on their financials they would be scrambling no matter how excellent their patient care would be. In order to have an efficient revenue cycle, it is necessary to understand […]
A Flourishing Career – US Healthcare RCM
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 […]