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 […]
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 […]
What Is a Medical Claim and Its Importance?
A medical claim is a piece of document or a bill that healthcare providers submit to the insurance provider of a patient. This medical claim contains comprehensive data regarding the care and services provided to the patient in the form of unique medical codes. Such a medical claim generated by medical billing professionals serves as […]
Why You Should Choose a Medical Coding Career?
A career in the health information technology industry can be a rewarding one for an individual who wishes to work in the healthcare industry but cannot directly work as a healthcare provider such as a physician, nurse, etc. If you are interested to work in the healthcare industry, you may choose medical coding as your […]
All You Need to Know About Healthcare Documentation
Healthcare documentation or medical transcription is about transcribing what a physician or healthcare provider dictates regarding a patient encounter. This process involves a lot of medical terminologies related to health ailments, diagnoses, treatment procedures, medical equipment used, tests conducted and drugs prescribed along with the general demographic information of a patient. In India, healthcare documentation […]