Revenue Cycle Management

The Financial Impact of Postponement of Elective Surgeries

Coronavirus disease had a huge impact on various aspects of our lives including a whole range of medical services. Since the risk of transmission is high in crowded places and people with comorbidity risks have a higher susceptibility to the disease, many healthcare providers and patients preferred postponing the hospital visits of patients who didn’t […]

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. […]

How to Improve Coding Quality for a Better Revenue Cycle?

The revenue cycle is a crucial aspect of a hospital or clinic functioning which includes the entire lifecycle of patient accounts from the time of the first appointment to the final payment receipt. From the year 2020, we have seen several changes in the healthcare sector in terms of diagnosing and treating coronavirus patients. It […]

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 […]

Telemedicine and Revenue Cycle Management

Telemedicine has been a boon to people who cannot visit a physician or healthcare professional due to various reasons. It is a procedure that enables to provide healthcare for remote patients when the physician and patient cannot meet each other physically. This has been possible due to advancements in technology and many healthcare providers have […]

Does Your Facility Provide Quality Assurance?

Quality is the primary factor that holds the key to satisfied customers in any kind of industry and it is all the more important in healthcare services. Quality assurance processes help prevent mistakes and avoid problems while delivering services. In the healthcare industry, quality assurance relates to the maintenance of high-quality healthcare by regularly monitoring […]

What Is 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. 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 […]

Create an Efficient Revenue Cycle with Effective Denial Management

A healthcare facility’s health depends on its revenues from reimbursements and out-of-pocket payments from the patients. While payments from patients can be collected with a little ease with a few processes in place, reimbursements from insurance payers are not that easy and they become even more difficult in cases where the claims are denied. A […]

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 […]

Prevent Medical Billing Errors to Maintain Healthy Patient-Provider Relationship

A healthcare facility’s growth depends on the healthy patient-provider relationship that is dependent on the quality of services the facility provided to the patients. Healthcare facilities work hard in every department right from the physicians to the support staff to ensure that the patients have a positive experience with the facility and get great patient […]

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