Practice/Group Management Tips
5 Steps to Streamlining Your Billing Process for Patients
In today’s rapidly evolving healthcare landscape, medical practices are faced with the challenge of managing an increasingly complex patient billing process. As patient volumes and regulatory requirements continue to grow, healthcare providers are seeking innovative ways to streamline their billing operations and simplify patient invoicing. According to a 2023 survey from Bain & Company and…
Read MoreBest Practices for Ensuring Compliance in Healthcare Billing
Optimizing billing, coding, and A/R management workflows is crucial to the success of any healthcare revenue cycle. However, tying together each function is one vital component that can make or break your bottom line: compliance. Despite best efforts, many billing teams struggle to appropriately code and bill for complex charges while balancing the countless other…
Read MoreA Practice Roadmap for Orthopaedic Revenue Cycle Management
Revenue cycle management (RCM) is the backbone of practice success. However, the revenue cycle is notoriously difficult to manage and optimize in orthopaedic practices, with threats to revenue growth hiding around every corner. Shielding your bottom line from revenue loss is no simple task, but the best place to start is an end-to-end assessment of…
Read More5 Crucial Steps for Optimizing Behavioral Health Practice Revenue Cycle Management
Revenue cycle management (RCM) is a massive challenge for any healthcare organization to tackle, but behavioral health practices face even greater hurdles on the path to success. Unlike many medical specialties, behavioral health is a complex niche with variable payer involvement and unstandardized billing practices. In addition to the challenge of getting your practice paid,…
Read MoreHow Outsourcing Patient Billing Calls Supports a Strong RCM Program
Every step in the revenue cycle is mission-critical for your practice to get paid, but there’s one process that’s easily overlooked when your billing team is overworked: Patient payments. Following up on outstanding balances is tedious and consumes valuable time that your staff needs to complete other tasks. However, patient collections are vital to your…
Read MoreBest Practices for Patient Eligibility Verification
As any practice administrator knows, the process of getting paid starts far before the patient steps foot in the office. What some fail to see is the critical importance of the first step in the revenue cycle: patient eligibility verification. Without a foolproof process in place, even the smallest documentation error or verification oversight may…
Read MoreIs Your Billing Process Driving Patients Away?
It’s no secret that a disjointed billing process can wreak havoc on your bottom line, but have you considered how a poor billing process also affects your patients? According to the 2021 Healthcare Consumer Experience Study, your patients are more aware of your billing inefficiencies than you may think. Among the 1,500+ patients surveyed, 93%…
Read MoreThe Beginner’s Guide to Remote Patient Monitoring
In recent years, remote patient monitoring (RPM) has become increasingly prevalent. It is no surprise, as this technology enhances the patient care experience while allowing monitoring outside of a traditional clinical setting. RPM also has the potential to reduce healthcare delivery costs, which makes care more accessible overall. Remote patient monitoring is especially beneficial for managing chronic…
Read More6 Things You Need to Know About Medical Credentialing
Credentialing is key to creating a successful healthcare practice. Credentialing, in a nutshell, is the process of verifying that a healthcare provider is qualified to provide medical services. This process includes checking that providers have the required education, training, residency, licenses, and specialty certificates to do their job. Credentialing is crucial to creating a successful practice…
Read More10 FAQs About Remote Patient Monitoring: Answered
Remote patient monitoring is a relatively new vertical for most providers, but that doesn’t mean it has to be overwhelming. Here are ten common questions that patients and providers have when it comes to RPM and how to offer this service: 1. What is Remote Patient Monitoring? Remote patient monitoring is the practice of collecting, transmitting,…
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