It’s no secret that healthcare providers are increasingly outsourcing their medical billing services to professional companies to handle their medical billing and collections. A number of physicians, hospitals, nursing homes, urgent care centers, laboratories, DME companies, and other entities in the healthcare industry have recognized the need for billing professionals in order to refocus on…
Read more
Skipping the introduction, let us get straight to the topic. What is Preauthorization? Preauthorization is a procedure that requires the healthcare provider to contact the health insurance payer to check if the medical treatment that is prescribed to the patient is covered in the patient’s respective insurance policy or not and if the treatment will…
Read more
Do you think Medical billing and Medical coding are the same? You are not the first one to think so. Medical coding and Medical billing are two different processes working with each other to meet one goal that is to increase the revenue of the healthcare organization. Before jumping to the straight difference. Let us…
Read more
We all know that patients are an integral part of the healthcare/medical industry. Healthcare services exist in order to provide these patients the kind of support they need when facing health-related issues. Needless to say, it is highly important for one to retain its patient base and keep improving it. Patient retention is the process…
Read more
Errors in Medical Billing and Coding can lead to adverse effects on the overall Revenue Cycle Management. Small errors can also lead to claim denials and delay in payments. A smooth-running financial department also experiences claim denials but keeping in mind the most common mistakes can help you to avoid such mistakes in the future.…
Read more
Healthcare practices follow the process of Revenue Cycle Management (RCM) for managing, identifying, and collecting reimbursement for the care and services provided by them. The Healthcare industry is rapidly changing day by day and is under constant pressure to keep operating at maximum efficiency while maintaining the principle of Revenue Cycle Management. Monitoring revenue cycle…
Read more
Medical offices are often packed with day-to-day activities. From patient handling, calls receiving, queries, and up-selling of medical representatives make the reception desk hectic and creates more burden with loads of work. With plenty of medical software which is available in the market, choosing the right one which fits your medical practice is really a…
Read more
The Revenue gap indicates the Gap between your current performance and potential performance. And as a result due to a significant period of time, your business will might fail to generate revenue creating a revenue gap. A long-running revenue gap leads to an adverse effect on any business and in certain scenarios due to lack…
Read more
Automation is defined as reducing the need for human work in the production of goods and services with the advanced use of control systems and information technology. With the increase in population will lead to more people in the healthcare system which will require more care and staffing levels in healthcare. Without automation, it will…
Read more
A Coding Audit is the most important part of the Revenue Cycle Process simultaneously with the medical coding. It is an internal or external review of coding practices that are conducted by checking patient medical records. It is essential in maintaining accuracy and precision. Coding Audit once a year is particularly important in identifying the…
Read more
