30 Aug 2023

Why Should an Automated Medical Billing System Be Created?

Medical billing automation system

In the rapidly evolving landscape of healthcare, an automated medical billing system has emerged as a transformative solution for healthcare providers. This comprehensive guide explores the “how” and “why” of building such a system. By delving into the benefits, implementation strategies, and best practices, healthcare professionals can unlock a host of advantages. From streamlining administrative... Continue Reading Continue Reading

30 Jun 2023

How to Optimize Revenue Cycle Management in Health Care?

Revenue Cycle Management in HealthCare

Improve your financial performance with Velan’s effective RCM In the rapidly evolving and complex healthcare system, the revenue cycle process in healthcare also referred to as Revenue Cycle Management (RCM), holds paramount importance for healthcare organizations seeking to attain financial stability and profitability. The revenue cycle process entails a systematic sequence of steps that healthcare... Continue Reading Continue Reading

5 Jun 2023

The Crucial Role of Patient Insurance Verification in Healthcare

patient insurance verification

In the ever-evolving landscape of healthcare, where the intricacies of patient care intersect with the complexities of financial management, one vital process stands as a guardian of both quality care and a thriving revenue cycle: insurance verification. It’s the unsung hero, the diligent sentinel, and the unwavering gatekeeper of healthcare’s financial success. In an age... Continue Reading Continue Reading

31 May 2023

Boost Your Healthcare Practice’s Financial Health: Strategies for Improving Accounts Receivable Management

Healthcare revenue cycle management is critically dependent on the management of accounts receivable (A/R). Healthcare providers may increase cash flow, lower the risk of bad debt, and enhance their overall financial performance by managing AR properly. The revenue management cycle is a significant element that must be maintained in medicine and healthcare, where efforts are... Continue Reading Continue Reading

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

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