5 Steps to Normalize Your Healthcare Revenue Stream
For any successful business, steady cash flow is the most important element. Likewise, in the healthcare industry, maintaining a steady cash flow is even more important.
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3 Practical Tips on Denial Management
Healthcare denial claims are a tricky process to handle. There has to be a proper system in place to maximize the efficiency to handle denied claims. To process the denied claims correctly, one must first identify the income lost. Once this is done, you should start an effective medical claims management service for handling claims.
5 Signs It’s Time to Outsource Your Healthcare RCM
Most practices outsource their transcription or payroll services to well known outsourcing companies for many beneficial reasons. But, when it comes to outsourcing Revenue Cycle Management services you may think twice if it is going to be worth it or not.
Importance of Charge Entry in Medical Billing
Charge entry is a vital process in the medical billing cycle. It is the process of entering important inputs and details to enable claims processing. All data that are entered should be error-free and in an approved manner.
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.
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.