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 […]
RCM Challenges Faced by Specialty Healthcare Providers
A robust and efficient revenue cycle management (RCM) plays a significant part in ensuring that healthcare organizations are on a profitable path. The RCM process largely defines the healthcare facility’s ability to collect timely revenues and utilize them to provide high-quality care to build trust among patients and enhance the brand value of the facility. […]
Rational Ways to Get Faster Insurance Payments
Your healthcare facility’s financial health depends largely on the medical billing process that collects the money due to you. You can regularly assess your financial performance by checking the accounts receivable reports focusing on the number of claims over 120 days. To check if your revenue cycle management process is performing effectively, you need to […]
The Difference between EMRs and EHRs
We are coming across terms like EMRs and EHRs often due to the U.S. healthcare industry’s transition from manual record-keeping to digital record-keeping. All the hospitals, clinics, nursing facilities and physician offices are moving towards electronic record-keeping with huge investments in the software and training pertaining to these records. Many people knowingly or unknowingly use […]