HOW TO KEEP ACCOUNTS RECEIVABLE FLOWING?   Unless you are actually in the collection business, there is a good chance that you have quite a few higher priorities than managing your company’s accounts receivable. You might even delegate that task out to an assistant or employee without much thought. However, when those receivables stop flowing into your bank account, all of a sudden the accounts receivable department becomes a top priority. In order to prevent serious accounts receivable problems before they get started, here are... Read More →

All small practices, hospitals, and bigger healthcare systems are known for treating patients and saving lives. Also, every healthcare practice or organization needs to create successful procedures and policies for staying financially healthy. Here, the healthcare revenue cycle management plays an important role to simplify administration for medical institutions, especially for hospitals. It helps to manage clinical and administrative functions related to payment, claims processing, and revenue generation. Practically, a healthcare revenue cycle management flow chart is the strategy that healthcare organizations generally adapt to... Read More →

Accounts Receivable Management in Medical Billing is referred as a dedicated procedure where an undesirable account aging along with intensifying number of Accounts Receivable days and denials are controlled and managed. AR involves the management of many reports related to collection analysis, insurance, write-offs, ratio analysis, and bad debt reviews. As per current trends of increasing patient deductibles, falling rate of reimbursement, and rising operating costs, it is critical for physicians and hospitals, filing and following up on the process of insurance claims. So, AR... Read More →

In the complexity of today’s administrative processes and revenue cycle processes, handling the medical billing in-house is a cumbersome task for most health groups and individual practitioners. On the other side, outsourcing medical billing services help health groups to focus more on their patients and save resources and money. Medical billing outsourcing services depend on many factors such as practice size, revenue cycle, clinical service and much more. With an evolving and growing practice, a doctor or a healthcare group needs immaculate billing and effective... Read More →

Healthcare’s Medical Billing is a cumbersome task, especially in a digital environment where regulations & guidelines are changing constantly every day. Technology can boost your organization’s performance i.e. implementing an EHR – Electronic Health Record can dramatically streamline doctor’s workflow and smoothen the communication with patients & peers. In the in-house medical billing, you require a highly skilled & experienced team and a lot of resources which is very costly to you i.e. hospitals & medical practitioners have invested hundreds of dollars in preparing billing... Read More →

Revenue Cycle Management (RCM) is also referred as the lifeline of any medical practice. Many physicians sometimes mistakenly find a Revenue Cycle Management Company similar to Practice medical billing company. RCM medical billing is more extensive than medical billing which involves coding and billing, denial management, claim processing, patient payments, and revenue generation. End to end revenue cycle solutions for an increased revenue stream involves time management and the practice workflow that starts at the time of registration. Here, eligibility for patient’s insurance policy is... Read More →