Medical Facility Should Follow The 6 Documentation Rules

6-documentation-rules-every-facility-should-follow

Documentation is a critical undertaking in any specialty medical facility. It is an essential tool for conveying essential clinical information about each patient’s diagnosis, treatment, and results and for communication between physicians, medical billers and coders, and the payers. Doctors and their team of medical billers must efficiently respond to the questions that payers are […]

Revenue Cycle Management (RCM) Tips To Shorten The Claim Length

Revenue cycle management (RCM) is the commercial process that uses medical billing software, which healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. In simple terms, it refers to the process of tracking the payments for the services rendered at a provider’s office, from […]

All-in-one solution for your Ambulatory Surgical Center (ASC)

There are over 5,400 surgery centers. Available physicians are limited and hospitals continue to pose a strong competition – sometimes partnering with ASC. Ambulatory Surgical Center will need to excel in a single specialty and run a very low-cost center model to sustain in the future. By 2022, healthcare industry revenue is forecast to grow […]

Boosts your Medical Reimbursement with Effective Revenue Cycle Management Process

The healthcare sector in the United States has a huge infrastructure that is required to maintain every aspect of patient treatment. With the cost of operations go up by the day, medical facilities have gradually started to offshore various sectors to other dedicated companies like Revenue cycle management specialists, who are solely focused on providing […]

Tips to Maximize your Medical Billing and Collections for Hospital

Reap the benefits of a successful and profitable medical practice is not possible without efficient medical billing and collection processes. However, every year it becomes more challenging to collect payment from both patients and insurance companies. This is mainly because of rising documentation requirements and an increasing amount of patients that are responsible for a […]

Why You Should Understand the Basics Of Bundled Payment In Healthcare?

Bundled payments sooner rather than later, are likely to become a more common thing in the healthcare industry. Bundled payment policies are being leveraged to incentivize improved care coordination, quality, patient safety, and cost proficiency in a system which is badly in need of developments in these areas. Bundled Payments Is Catching Up With You […]

Key Takeaways For Physicians From Value-Based Reimbursement

In the rapidly changing healthcare landscape, payers are asking medical providers to shift from volume-based care; the fee for service to a value-based reimbursement structure. This evolution toward value-based reimbursement benefits the patient, the healthcare provider as well as the payers. Value-based reimbursement encourages healthcare providers to deliver the best care at the lowest cost. […]

Physicians achieving Better ROI with Claim Status Checking

A vital undertaking of any medical facility large or small – independent or outpatient is to track or check the claim status of a patient’s health cover. With having the knowledge of the claim status many healthcare units face revenue leakages, which in turn pushes them towards winding up their businesses (healthcare facility). How can […]

Telemedicine Expanding Access And Dictating Reimbursement Policies

While the clouds of uncertainty surround the Affordable Care Act and its assigned substitution, the American Health Care Act, legislators in Washington and around the nation are pushing ahead with the proposition to direct and repay administrations provided by the means of telemedicine. So, what type of impact these changes have on your income cycle, […]

How Your OB-GYN Practice Can Increase Revenue In 2018?

OB-GYN is one of the fast-growing practices and keeping up with it is a challenge. As per the recent report from Medscape, the OB-GYN medical specialty reported nearly a similar income in the year 2013 as they did in the year 2012 with only just 0.5% increase in two years, but there was tremendous growth […]

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Revenue Cycle Management (RCM)