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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 [...]
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 [...]
A well-organized revenue cycle management is critical to upholding good finances. The healthcare revenue cycle is important to healthcare providers’ capability to uphold physician compensation, reduce overhead, and introduce new technologies. When the healthcare revenue cycle is not managed [...]
CMS considers the finalization of policies related to the 2022 PPACA (Patient Protection and Affordable Care Act) plan year in which CMS’ proposed to ensure calculations of medical loss ratio (MLR) exclude drug rebates and price concessions as well [...]
