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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 [...]
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 [...]
As defined by the Healthcare Financial Management Association, revenue cycle refers to “all administrative and clinical functions that contribute to the capture, management, and collection of patient service revenue.” It means, it take account of the complete patient’s account [...]
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, [...]
Medical billing and coding are the backbone of the healthcare revenue cycle. It ensures payers and patients reimburse providers for services delivered. Medical billing and coding interpret a patient come across into the languages used for claims submission and [...]
