After the outbreak of Ebola in many parts of Africa that also infected many US residents last year, healthcare workers have now been notified to tackle another tormenting disease, in the form of the Zika virus. This deadly disease has been a constant threat to toddlers and mothers. Observing the rising number of patient’s queuing […]
It’s all about Billing, Billing, Billing – Ringing in the cash revenues! Here are some mind-boggling Medical Billing facts that affect healthcare revenues impacting the Revenue Cycle Management Process and medical billing practices. The total market size of outsourced revenue cycle management (RCM) services has already reached $5 billion, and it is estimated that escalating […]
There are innovations taking place all around the medical and healthcare industry. Many physicians are getting attached to products and services in the medical field that is making the daily work process an easy system to follow. Right from appointing an outsourced medical billing facility to managing the vast patient data for insurance claims, hospitals […]
Ambulatory surgical centers have certainly been a revolution. However, there are some surgical procedures wherein the physicians working at the facility have been subjected to a pay cut or the revenue generated for their procedures has not been fully paid for. Well, there are various reasons that are hampering the revenue cycle of ASCs, but […]
Ambulatory Surgical Centers are the latest trend and have become increasingly convenient for the patients. This has taken the billing charges for ASC’s on a higher side, owing to the number of procedures for various specialties catered to. Based on a recent Industry overview, it has been reported that, Ophthalmology makes up the largest percentage […]
Durable Medical Equipment (DME) like Crutches, canes, special cots, wheelchairs, slings, electrodes, etc are being frequently prescribed by physicians to help out people who have suffered injuries. However, there are several models and types available with a host of features. It is important that an injured person gets the correct equipment at an affordable price. […]
With health systems, medical centers, hospitals, and physician practices facing dismally low reimbursement figures and increasing risk and margin pressures breathing down their necks improving revenue are of paramount importance. Revenue cycle management experts are advocating improvements and the efficient management of accounts receivable as well as charge capture, coding, processing of claims, secondary billing, […]
Billing is a vital aspect of any business, and healthcare is no exception. Millions of dollars can be lost if pitfalls are not understood and are repeated time and again in the billing and coding of medical practices, especially for ‘Durable Medical Equipment (DME).’ This equipment typically serves a medical purpose and is used routinely. […]
Apart from business organizations trying to keep up with schedules and appointments through online scheduling systems, the healthcare industry to is waking up to the benefits of online scheduling. A plethora of software exists in the market for online scheduling and is advantageous in customer self-scheduling, accessibility, reducing the number of skipped appointments, marketing, customization, […]
Family Practice and Increase Revenue Family practice and increase revenue are closely linked, and reducing no-shows plays a critical role in achieving this. By implementing strategies such as automated appointment reminders, flexible rescheduling options, and a transparent no-show policy, you can decrease the number of missed appointments and optimize your scheduling. This proactive approach not […]
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