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Tag: healthcare

Everything About Medical Coding Audit

Physicians often get into stress with seeing an increasing number of patients, providing medical services, and following up with appropriate follow-ups that they have little time to attend to the coding and billing processes themselves. Practices may have in-house staff who are overburdened with other responsibilities. However, documentation of medical records, timely coding and billing,…
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Strategies/Ways to Improve Patient Retention

Strategies/Ways to Improve Patient Retention

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…
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5 Common Errors In Medical Billing and Coding

5 Common Errors In Medical Billing and Coding

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.…
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5 KPIs to Help Measure Revenue Cycle Management Success

5 KPIs to Help Measure Revenue Cycle Management Success

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…
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Essential Software Systems That For Your Medical Practices

Essential Software Systems For Your Medical Practices

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…
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Revenue Gap and & 5 tips to rectify it

Revenue Gap & 5 Tips to Rectify It

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…
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Automation in Healthcare and Its Benefits

Automation in Healthcare and Its Benefits

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…
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CODING AUDITS & ITS BENEFITS IN HEALTHCARE SERVICES

Coding Audits & Its Benefits In Healthcare Services

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…
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Why 'and ' how' to achieve claims processing coherence.

Why ‘and ‘ How’ to Achieve Claims Processing Coherence.

Claims processing is the step-in revenue Cycle management where it is determined how much reimbursement will the company be benefitting from the patient. Improving the claims processing will not only increase the quality of service but will also help retain existing customers. It has been quite known that the cost of retaining an old customer…
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Medical coding and its relevance to the healthcare industry

Medical Coding and its Relevance to the Healthcare Industry

Medical coding refers to the process of translating medical information, diagnosis, procedures, and instruments. In layman terms, it is the conversion of the medical processes in a more compact format. Medical coding not only helps the management of the data but also the billing system. It translates the procedures into unique codes so that no…
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