While some practices are still getting accustomed to ICD-10, getting a grip on new processes and waiting for payments to come rolling in, there’s an updated version of the coding system waiting on the horizon to be implemented. The ideas…
Providers need to improve their revenue cycle processes for accommodating the changes in the healthcare industry. In order to ensure smooth operations, they need prompt payments from patients as well as insurers. They need to manage the revenue cycle effectively…
Providing quality care to the patients and getting paid for rendered services are top two priorities for healthcare providers. It is also important for them to use a well-designed RCM or revenue cycle management system for maintaining a steady and…
Striving for quality patient care and outcomes is always the first priority for medical practices. However, providers also need to juggle between getting paid and compliance with healthcare reforms. Since timely reimbursement is vital for surviving in the business, they…
Did you know demographic or technical errors are one of the top reasons for claim denials? According to the Advisory Board’s Revenue Cycle Bench-marking survey, approximately 61% initial denials are caused due to technical/demographic errors, followed by 16% due to eligibility and…