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Industry News


IS IT TIME TO CHANGE MY RCM COMPANY

IS IT TIME TO CHANGE MY RCM COMPANY

Are you already working with a billing company but you just feel like things could be done better? How hard would it be to change RCM companies? Is your medical office as efficient as it can be? Does your medical office: have a dedicated coding, billing and UM staff properly train and educate staff to perform their role correctly and efficiently aid in communication between staff hold weekly meetings to review accounts receivables, collections and revenue have an established workflow for RCM have a process for properly reviewing claims and not relying on technology have adequate EHR, practice management software...

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EMBRACING TECHNOLOGY CAN IMPROVE YOUR REVENUE CYCLE MANAGEMENT

EMBRACING TECHNOLOGY CAN IMPROVE YOUR REVENUE CYCLE MANAGEMENT

Demands for automation at the provider/IPA level have many offices pushing back on the change.  Technology can be expensive, training takes time away from actual patient care and many providers are stuck in their old ways – having scheduled, verified eligibility and benefits and billing the same way for decades. Below are a few simple suggestions to streamline your front-end process: APPOINTMENT SCHEDULING – Online appointment scheduling software systems interface with your EHR. They are customizable by doctor, location, appointment type, etc. They can send appointment reminders, reach out to reschedule, send custom messages, send surveys and are generally easy...

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THE TREND TO OUTSOURCING

THE TREND TO OUTSOURCING

Approximately 80 percent of hospitals leaders in a new Black Book survey said they were vetting or considering outsourcing for revenue cycle management by 2019 – a worthwhile move in our opinion. The move to outsourcing is evident in hospitals and inpatient organizations and the expectation is that this trend will continue as more and more healthcare entities are pushed to improve profitability and margins, retain staff levels yet lower capital costs and build operational efficiencies. The healthcare sector has been greatly influenced by technology and changing regulations and policies. Today, to effectively manage your revenue cycle, you need the...

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Too Many Rejected Claims?

Too Many Rejected Claims?

Every practice battles denied claims. Sometimes it seems easier to push claims through and worry about it when they bounce back but that actually takes longer, is more of a hassle and delays revenue. Nothing is easy – that’s for sure. But, recently I read this article that was a nice reminder of five things that can be done to avoid denied claims and all the back-end work that comes with them. One and done! Billing is a complex and often tedious procedure, especially with the latest ICD-10 codes. However, many returned or delayed claims are often the results of...

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6 Benefits of using Optimal Revenue Cycle Management Solutions for Your Medical Billing

6 Benefits of using Optimal Revenue Cycle Management Solutions for Your Medical Billing

Should your office invest in an outside insurance billing service? We think these benefits might have you answering, “Yes!” Handling your own billing process within your business doesn’t seem so bad, right? After all, how complicated can it really be? Optimal RCMS can relieve the burden of in-house billing, so your office staff can spend their energy and time on what matters: patient care. In addition, billing experts – coupled with effective software – can help improve your cash flow, practice productivity and patient experience. Take a look at these six top benefits of insurance billing services that can literally...

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