Revenue cycle management (RCM) is the management of finances, a crucial process that keeps an organization going on a daily basis. Medical billing plays a major role in the efficient functioning of the RCM process and thus the healthcare facility. If facilities do not focus on their financials they would be floundering no matter how […]
Impact of Healthcare Documentation on Healthcare Practices
Healthcare practices focus on a lot of things like quality patient care, timely reimbursements, maintaining accurate and appropriate health records, etc. However, what most of the facilities forget is that in doing all these things, one group of people plays a crucial role and it is their problems that are not paid much attention. This […]
Ways Healthcare Facilities Can Improve Charge Capture
Charge capture is an important process of revenue cycle management that helps the physicians and healthcare facilities to record the services and procedures performed on patients that is later on submitted to the insurance companies to get the reimbursement. Doctors record and transfer the charge capture information in various ways like using spreadsheets, post-it notes, […]
Understanding the Future of Healthcare Documentation
One of the most critical processes in the healthcare industry is healthcare documentation or medical transcription that eases the job of the physicians and the support staff to a great extent. For the people who want to make a career with the healthcare documentation jobs, the future really looks optimistic. There are many technological aspects […]
Essential features ASCs must look for in EHRs
It has been observed that the adoption of electronic health records (EHRs) across hospitals has reached more than 90% whereas the adoption of EHRs in ambulatory surgery centers (ASCs) is not even 10%. It is estimated that a less percentage of ASCs that are hospital owned or affiliated, use the hospital EHRs. The reason for […]
Medical Coding Accuracy and its Role in Healthcare Data Analysis
Healthcare data is being used for various research purposes for many years and it plays a significant role in understanding the healthcare concerns of the society. Different organizations and agencies collect, analyze, and publish information relating to multiple ailments and this kind of information is really necessary and useful in identifying and controlling new infectious […]
Healthcare Documentation Training for Better Prospects
It is an agreed fact that by availing the services of healthcare documentation specialists, primary healthcare providers can reduce the burden of documenting healthcare procedures on clinicians. This facilitates improved workflow and job satisfaction by enhancing the time for patient interaction for the physicians. Studies on evaluation of the effect of using scribes and how […]
Affect of COVID-19 on Healthcare Documentation
The sudden outbreak of the pandemic called Coronavirus has presented a situation that nobody has anticipated ever. Apart from the health concerns that COVID-19 has brought, a whole range of economic concerns has sprung up. One of the major concerns for all in the healthcare documentation sector is how the industry is ensuring business continuity […]
Revenue Cycle Management and Why HealthCare facilities should find an RCM partner today! -Avontix
Did you know that Insurers reject nearly 26% of all claims and up to 40% of those claims are never resubmitted? This means every physician can lose up to 10% revenue. Introduction of Revenue Cycle Management Systems can increase payments and decrease the bad debt write-offs. Let us see what RCM is and why it […]