Stuck in this everyday grind amid challenges like shifting payer behavior, changing regulations, and growing staffing shortages, providers are now making a conscious effort to re-innovate their RCM strategy to keep the ball rolling
AR Management in Healthcare: Meaning, Challenges, Strategies, and More
Delayed revenue collections have now become common in healthcare operations, and we cannot overlook the significant cash flow problems they cause. This can be due
Claim Denial Triggers Healthcare Organizations Should Not Ignore
Failure to submit the claims within the payers’ timeframe can also result in denials. Outsourcing claim and denial management can prove a game changer in such scenarios for providers lacking the time and resources, ensuring accurate charge capture and timely claim submission.
Streamlining Accounts Receivable (AR): How Medical Billing and Coding Companies Boost Efficiency
Reducing accounts receivable days is essential for the success of any medical practice. AR days measure the average time it takes for a claim to be paid, based on the average daily charge volume.
How to Detect and Prevent Medical Billing Errors in Healthcare RCM?
In today’s competitive healthcare environment, maintaining accurate and efficient billing practices is crucial for a hospital’s financial health.
How To Streamline Your RCM Process With AI?
Effective revenue cycle management (RCM) is vital in healthcare financing as it oversees the entire patient journey from scheduling to final payment and any mistakes in this process can significantly impact healthcare providers’ financial sustainability.
Top 5 Denial Management Strategies to Boost Your Hospital’s Revenue
Maximizing revenue is crucial for hospitals to maintain quality patient care and invest in new technologies, especially in today’s competitive healthcare environment. Denials on insurance claims can significantly impact your hospital’s financial health.
Improving A/R Management: Reimaging Healthcare with Trends and Predictions
The future of A/R management in healthcare holds promising trends that aim to address existing challenges and improve overall efficiency
Are Your Account Receivable Days Too High? These Tested Practices Can Help You Accelerate Insurance Reimbursements!
Excessive revenue leakage poses a severe risk for U.S. healthcare practices presently, many already function on negative margins. A 2018 survey conducted by Fibroblast of