Category Archives: Medical Billing Services

Covid-19 is creating unique healthcare revenue cycle challenges around billing and coding

Covid-19 is creating unique healthcare revenue cycle challenges around billing and coding

As we know the world is going through the crisis of COVID-19 and the government of every country is urging people to stay at home. On the other hand, healthcare providers are battling on fields to mitigate the intensity of novel coronavirus. According to the latest data by world health organization (WHO), globally there are about

BENEFITS OF END TO END REVENUE CYCLE MANAGEMENT

BENEFITS OF END TO END REVENUE CYCLE MANAGEMENT

End to end revenue cycle management deals with the distribution of cash flows and accelerate the reimbursement process. Apart from this, it also helps hospitals and healthcare service providers in order to handle the complexity of the revenue cycle, which ultimately raise their bottom lines. In today’s era decreasing reimbursement, changing health plans and industry

How to master the ICD-10-CM 7th Character?

How to master the ICD-10-CM 7th Character?

With the advancements in medical professions and medical emergency throughout the world with COVID19 infections, a lot of researches have come to light. Let us understand the diagnosis coding for ICD-10-CM. International Classification of Disease ICD stands for International Classification of Disease, a technological innovation that helps to spot health trends, statistics and new diseases

Tips for selection of best EHR software for your medical practice in 2020

Tips for selection of best EHR software for your medical practice in 2020

Electronic Healthcare Record (EHR) software is a computer system that helps healthcare providers to manage patient medical records and automate clinical workflows. This software enables providers to deliver the modern standards of patient care while enjoying government incentives. EHR system provides a patient’s entire medical history to the logistical aspects of running practice in one

How to Keep HealthCare Providers Protected From COVID-19?

How to Keep HealthCare Providers Protected From COVID-19?

COVID-19 is a new coronavirus, which means that no-one has a natural immunity to it. This virus has spread worldwide, leading the WHO to label it a pandemic. Worldwide millions of people are advised to stay at home to minimize transmission of coronavirus. However, healthcare providers need to visit clinics and hospitals, putting themselves at

How to Negotiate claims reimbursement contracts with payers?

How to Negotiate claims reimbursement contracts with payers?

Money is an important aspect of the healthcare revenue cycle due to the rising declining rate of Medicare reimbursement and new value-based care models. Healthcare organizations should focus on negotiating claims reimbursement contracts with payers to optimize revenue cycle management. Several key factors such as communication with stakeholders compare expected and actual revenue yields, evaluate

Impacts of COVID-19 on Healthcare revenue cycle

Impacts of COVID-19 on Healthcare revenue cycle

Revenue cycle management (RCM) is the backbone of the healthcare industry as every healthcare organization needs to develop successful processes and policies for financial stability. The healthcare RCM begins with patients appointment to seek medical services while ends on settlement of claims and payment collection. The key stakeholders in this healthcare RCM are Physicians, patients,

Basics of Healthcare Revenue Cycle Management

Basics of Healthcare Revenue Cycle Management

The noble cause of saving lives and treating patients is the prior most aim of the healthcare providers like doctors, physicians, imaging centers, emergency and intensive care centers, pharmacies, etc. Perfect financial management, tools and techniques to meet inevitable crises and expertise are needed to run and flourish the healthcare industry smoothly. So, the healthcare

Patients are unsatisfied with provider’s poor digital medical billing process

Patients are unsatisfied with provider’s poor digital medical billing process

Medical bills in the notoriously twisted health insurance matters are at times quite confusing for the patients. Sometimes, patients may grumble to visit back if they are confused about what they owe or what their insurance can pay for. They may fear for going ahead for further treatment, rather may not approach either. The reason

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