Healthcare revenue cycle managementis a vital process that ensures the financial health of medical practices while supporting quality patient care. By leveraging automation, training staff, and adopting best practices, providers can overcome common RCM challenges and optimize their revenue streams. Revenue...
RCM is the process of managing allrevenue-generation functionsin a healthcare organization. It requires an understanding of the revenue cycle and begins when a patient seeks the organization's medical services and ends when the organization has collected all payments from the patient and/or their i...
Learn more about the concept of revenue cycle management, why it is important and the 10 steps of the healthcare RCM process.
Consider finding a RCM partner today. –Staff has not been properly trained or educated.Optimizing your revenue cycle is like a supply chain; if one person in the chain does their job incorrectly, it will affect the outcome of the rest of the chain. Coding errors, incorrect data entry (ins...
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The new year will usher in several newmedical technologies that will help everyone live longer, healthier, happier lives. Forty might be the new 30, and 50 the new 40, but once 2020 rolls around the catchphrase might become, “70 is the new 50.” Here’s a peek at what senior citizen...
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) ...
The clinical documentation improvement process in healthcare is highly cross-disciplinary. It’s not feasible for all clinicians to familiarize themselves with the ins and outs of medical coding or for all medical coders to have in-depth knowledge of clinical conditions. That makes it necessary to...
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and AI is pretty uniquely good at evaluating those variables and coming up with an ever-improving success rate of getting to the right outcome against any of those process steps,” Joe Polaris, senior vice president of product and technology at R1 RCM, a revenue cycle management vendor, told...