13 Feb 2023

Why your revenue cycle depends on patient experience

why is revenue cycle important in healthcare

Putting a financial amount on a discussion may seem unusual at first, but it actually makes perfect sense. Why? because patient experience has a significant influence on the growth of RCM healthcare revenue. First, ask yourself: Do you approach every patient interaction as though it can have a favorable or negative impact on your bottom... Continue Reading Continue Reading

24 Jan 2023

Strategies To Minimize Revenue Loss in Medical Billing

revenue loss in Medical Billing

We live in a patient-centric, technologically advanced, outcomes-based, digital environment. Doctors must not only provide correct diagnoses and treatment plans, but they must also focus on satisfying patients’ expectations and breaking medical market prejudices. Optimizing RCM services for your practice’s business aspect will help you collect unaccounted-for income and enhance the patient experience during the... Continue Reading Continue Reading

17 Jan 2023

Creating an Effective Strategy to Address Clinical and Coding Denials

Clinical and Coding Denials

A significant portion of the income for your practice comes from medical billing and coding denials. Refusals of claims might result in severe financial loss. Denied claims can cost you money if they are not swiftly handled since they prolong the revenue cycle and interrupt cash flow. The burden is further increased by the expense... Continue Reading Continue Reading

11 Apr 2022

Step By step guide to lower Your Claim Denial Statistics

Denial Management services

As per the Healthcare Company National Association, the best-performing medical practises have an insurance premium denial rate of only 4%. Given the often-complex maze that is required to get health claims paid by following payers, it is remarkable that these practises maintain such a low denial rate. But it is necessary to do so. What... Continue Reading Continue Reading

21 Jul 2021

10 Essential Key Metrics To Measure RCM Success

Revenue Cycle Management

What Is Revenue Cycle Management? Revenue cycle management or – RCM – is a proactive method used by the global healthcare systems, especially in the United States, to monitor and keep a record of the revenue from patients. It includes the complete revenue history – from the patient’s initial encounter with the hospital to their... Continue Reading Continue Reading

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