In our previous blogs, MBC has highlighted ways in which you can focus on the health of your patient and yet manage to deliver error-free claims and reduce your medical billing costs just by outsourcing your billing revenue cycle. The new rules and regulations introduced by the Accountability Care Act (ACA) have led to a […]
According to research sources, poor medical billing practices in the US alone are estimated to leave approximately $125 billion on the table each year! The reasons for this can be embedded in an inefficient Revenue Cycle Management (RCM) process, which begins right from the front desk verification of patient’s insurance documents, through the proper coding […]
More and more physicians are feeling the burden of both administrative and operational costs. One would wonder how this affects their medical billing and coding practice impacting their Revenue Cycle Management (RCM) system. With the rules and regulations that the Affordable Care Act (ACA) has brought in together with the constant rule changes that the […]
In our previous blog, we have read why it was critical to have an efficient claims processing system to help improve profitability for medical services rendered. To ensure that the cash inflow is seamless, an efficient and effective revenue cycle management (RCM) process is vital. Whether the medical practice is large or small, with the […]
According to research sources, poor medical billing practices in the US alone are estimated to leave approximately $125 billion on the table each year! The reasons for this can be embedded in an inefficient Revenue Cycle Management (RCM) process. An expert Medical Billing Company can help you in Error-Free Claims Processing and gain more profit and […]
The term ‘Accounts Receivable’, or A/R refers to the money owed by payers, patients, or other guarantors to the practice, for services rendered and billed to them. An increase in A/R typically signifies troubles on the cash flows of the practice. Benchmark the A/R objectives to ensure that money flows accurately and in a timely […]
In our previous blogs, we have written about how to reduce A/R denials & rejections, behind the scene facts of medical billing, how there are no grey areas in medical billing, and what you need to look for when outsourcing any particular component of the Revenue Cycle Management (RCM) process. We are aware of the RCM […]
AR or the Accounts Receivable process is the most crucial component in the Revenue Generation Cycle. An efficient AR that involves the success or loss in terms of the rate of denials &/Rejection medical claims process can have a positive or negative impact on the Medical Billing practice. With the changing healthcare the ever nagging […]
For the past few years observing the way businesses are conducted, one common thing that many organizations and healthcare facilities are accustomed to is outsourced RCM services. Your income cycle is the support system to grave procedure of the charge that is made when a patient enters your practice or office, so why let loopholes […]
The Revenue Cycle Management (RCM) of hospitals is vigorous and strives to progress every day. However, an array of hospitals bears the brunt of some common RCM problems. The pain points of RCM resurface in the hospital environment on a continuous basis and the challenges are characteristically similar everywhere – billing and coding errors, IT […]
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