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Improving your practice collection is just one component of effective revenue cycle management. But if any provider overlook this key step then they risk losing their owed and losing out on much needed revenue. Despite resuming in-person visits and elective [...]
The American Medical Association (AMA) issued changes to the Current Procedural Terminology (CPT) code set for 2022. Few changes may apply to administration of the COVID-19 vaccine. These codes include new medical coding and documentation standards for COVID-19 vaccinations. “Data-driven [...]
Getting denied on a medical insurance claim is most common issue in healthcare facilities. This issue waste the physician’s, admin, and patient’s valuable time, but filing an invalid claim can become something of a money-pit as well. Regular causes [...]
A well-organized practice require proper financial resources to make sure not only the delivery of medical services to the patients but payment to the providers and support staff, and also payment of overheads. Importance of Revenue Cycle Management in Medical [...]
Providers face skill issues while processing crucial business transactions because they have limited staff and utilize non-integrated IT business applications. That is the reason claim processing charges are never collected, and 20+ percent of all unallocated payments are on [...]
