Revenue cycle management is a somewhat complicated strategy. Healthcare organizations need it for administrative purposes such as accepting forms of payment, revenue generation, and claims processing. In recent years, we have seen more healthcare organizations transition over to value-based reimbursements…. Read More
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How To Increase The Efficiency Of Your Revenue Cycle Management System
Revenue Cycle Management (RCM) has a significant role in the healthcare industry. RCM can be defined as the management of claims, payment, and revenue production. Revenue cycle management is needed to ensure the accuracy and timeliness of claims. It is… Read More
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What is Credentialing?
Credentialing (also commonly referred to as medical credentialing, physician credentialing, or provider credentialing) can be defined as the process that checks a doctors background and work history. This includes reviewing any and all licenses, certifications, trainings, residency, and past education…. Read More
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3 Reasons To Outsource Your Medical Billing
Billing can easily be a huge stressor for medical facilities. Unfortunately, there are all sorts of aspects that can go wrong with it. Not to mention, most people aren’t exactly forgiving when their hard earned money is mishandled. Since medical… Read More
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How To Enhance Patient Care At Hospitals
Every day, patients fill the waiting rooms of hospitals around the country. When it comes to patient care at hospitals, most people can usually recall at least a couple times they were displeased with how a situation was handled. Here… Read More
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How Technology Can Impact Revenue Cycle Management
We live in a digital age. It is next to impossible to walk down a city street without seeing someone fixated on their smartphone. Hospitals and healthcare organizations are relying on technology to improve their revenue cycle management components, which… Read More
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What Makes Revenue Cycle Management Successful?
For a healthcare organization to succeed from a financial standpoint, revenue cycle management needs to be in place. It can be described as the management of claims, payment, and revenue production. To put it simply, it ensures that claims reimbursements… Read More
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Hospital Revenue Cycle Challenges
In the past few years, hospitals have been able to improve many revenue cycle components. Although this is good news, a recent Revenue Cycle Survey from Advisory Board showed that there has also been a drastic increase in claim denials…. Read More
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Community Health Centers Are Currently Facing Revenue Cycle Management Struggles
The increased patient volumes at community health centers have caused a laundry list of problems. Some of which include sustaining and building infrastructures, understaffing, unstable healthcare revenue streams, and few resources necessary to establish new payment models. The affordable care… Read More