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 […]
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 […]
Understanding the Pros and Cons of EHRs
Computers and software have become an integral part of healthcare delivery wherein they play a crucial role in improving healthcare professionals’ productivity and thereby treating more patients with improved quality care. Electronic health records (EHRs) facilitate managing giant volumes of data generated by various medical facilities, clinics and hospitals; without appropriate EHR systems, it is […]
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 […]