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According to the American Medical Association (AMA), 25 to 30 percent of the country’s total health care costs are direct transaction costs and inefficiencies associated with the “claims management revenue cycle”. Increasing proficiency and improving collection should be top [...]
For any practice, reducing the claims denials can put them on the path to increase in reimbursement. Your staff or outsourced billing company often sees the word “claim denied”, which leads to increased work and less revenue for your [...]
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 [...]
If your in-house billing team isn’t fulfilling the duties related to claims management or re unable to suffice the billing management you can’t rely on them. However, today with options to outsource and partnering billing agencies, the income cycle [...]
