Medical Billing and Revenue Cycle Management Trends in 2019

Medical Billing and Revenue Cycle Management Trends in 2019

When it comes to revenue cycle management (RCM), there are a series of complex steps – patient scheduling and insurance verification, medical coding services, charge entry, claim checking, payment processing, denial management, AR follow up, patient statements and quality & audit.

Read more

5 Common Medical Insurance Claim Mistakes

5 Common Medical Insurance Claim Mistakes You Can Easily Avoid

Sending an insurance claim is one of the vital steps taken if you want your payment in time. Making these medical insurance claims can be a little stressful as you have to draft them without even the smallest mistake. In any case, if there is even a small mistake, it may lead to delays in payments.

Read more

Why Medical Coding Must Be Accurate

Why Medical Coding Must Be Accurate

In the healthcare industry, medical coding is used for medical insurance reimbursement and also for maintaining patient records. For insurance agencies to know that there is no cheating or fraud happening, medical codes should be done accurately. This way they can find out the correct illness or injury and the treatment undergone for the patient.

Read more

Tips to improve your revenue cycle management

5 Tips to improve your revenue cycle management

Maintaining a steady stream of income for any hospital is very important. With margins tightening, cash flows declining and bad debts increasing, retaining a stable income may seem difficult.

Read more

Relative Value Units

Relative Value Units (RVU): Independent Physicians need to know

Medicare has established a national fee schedule that comes under the National Social Security Act. This fee schedule shall be followed by the physicians based on Relative Value Units (RVU), which come under the Resource Based Relative Value Scale (RBRVS) that has been followed by Medicare ever since 1992.

Read more