n With the rise in the area of technology, telemedicine comes with convenience for the tech-savvy population. nnnn It is reported that telemedicine is overgrowing with an increase of 16.8% from 2020 to 2023. Moreover, more than 50% of hospitals in the United States uses telemedicine due to its cost efficiency and easy access to...
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Category: Blogs
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Shifting The Focus From Denial Management to Denial Prevention
n In the era of digital innovation, we can’t ignore the significance of denial management. An effective denial management program is necessary to identify the root causes of denials and finding solutions to prevent this issue in the future. nnnn As the healthcare industry moves toward cost-based payment and in order to avoid heavy loss-making...
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Practice Management Software- 8 Features Healthcare Provider Should Consider
Healthcare is one of those rapidly growing industries. Rapid growth in demand for medical facilities and providers of medical services loads the system, making it incompetent to work with absolute efficiency. nnProviding quality care to patients requires a great pool of skilled, dedicated medical professionals and cost-effective clinical procedures. nnIn this digital era, healthcare organizations face challenges in...
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How Can Accounts Receivable Management Benefit Your Practice?
Cash flow is like a bloodline for any small enterprise. Organizations can undergo a lack of benefits yet cannot endure a lack of cash flow. nnThe case is also the same in the healthcare industry. Every healthcare provider needs a system that is accurate and gets as much of the money to the practitioner as quickly...
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Why Should You Outsource Medical Billing?
In the constantly changing and evolving healthcare Industry, Medical Billing is one of the most demanding and challenging tasks for many healthcare providers that often distract them from their core expertise.nnWhen it comes to growing practice, in-house employees frequently create the best contribution to a business’s success. nnThese employees usually have insufficient time and a chance...
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How To Overcome Challenges In Medical Claims Processing?
Risk has become an inherent part of the healthcare service industry as a small change can ruin your practice reputation and revenue which can eventually lead to failure. nnAt the healthcare business, managing thousands of medical claims can be a daunting task for healthcare providers because each claim requires a diverse approach and standard procedures on...
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How To Choose The Right Medical Billing Solution For Your Practice?
Are you really working to boost your financial performance through a better healthcare billing process this year? If this is the case, you won’t have to do the work on your goals all alone. nnAdministrative hustle in medical billing needs a lot of paperwork and also devoting time and attention from more clinically important activities of...
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How To Maximize Your Medical Billing Collections and Revenue?
Medical billing collections are an integral part of the healthcare process. Never before has there been a time so critical for U.S. healthcare professionals to ensure that they follow the best practice procedures in respect of billing and payment.nnOn a daily basis, providers face challenges in collecting payments from insurers and patients, this is mainly...
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How To Reduce Denials Rate And Claim Rejections To Increase Revenue?
“Denial – rarely is an effective term to run over especially when you are on the receiving end”. It is a matter of fact that cannot be denied by anyone that claims rejection has a substantial impact on the cash flow of any practice.nnIn the era of digital innovation, we can’t ignore the significance of...
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Why Revenue Cycle Management Is Important For Healthcare Industry
With a growing population, the subsequent rise in demand for healthcare facilities alongside claims to various medical reimbursements has rendered the medical bills profoundly blunder inclined.nnHealthcare providers are encountering a rise in the cost of operations and a reduction in revenues due to the changing government controls within the healthcare field. For this reason, revenue...