Revolutionizing Healthcare: AI for Efficient Virtual Medical Scribing
In healthcare, physicians often race against the clock to meet patient needs, which leads to severe burnout. The most recent study in the national burnout survey series co-authored by the AMA found that nearly 63% of physicians in the U.S. had signs of burnout. The prevalence of physician burnout within the U.S. healthcare system underscores […]
The Power of Autonomous Technology in Medical Coding
The emergence of autonomous coding technology is reshaping the landscape of medical coding’s future. This innovative technology is revolutionizing the revenue cycle, leading to better cash flow, increased revenue, and improved financial experiences for patients. Medical Coding: The Current Status Medical coding plays a crucial role in healthcare administration, billing, and reimbursement procedures. It […]
Tackling Prior Authorization Challenges: Strategies for Providers
Managing prior authorizations has become increasingly burdensome for healthcare providers. Insurers continually expand the range of services requiring pre-approval to ensure their necessity and cost-effectiveness. However, the process has become overly complex, particularly with the shift towards value-based care. Providers find themselves overburdened with the task of collecting and submitting extensive medical documentation, awaiting approval, […]
Struggling to Optimize Your Cardiology Practice’s RCM Workflow?
Struggling to Optimize Your Cardiology Practice’s RCM Workflow? Is Outsourcing the Right Solution? Cardiology medical billing is a complex process that requires specialized knowledge and expertise. It involves collecting, processing, and submitting claims to insurance companies in order to get paid for the services provided. The cost of in-house billing can be expensive and time-consuming. […]
RCM: Key Metrics and Benchmarks for Healthcare Professionals
Did you know that tracking specific metrics and benchmarks can drive your practice’s financial performance? Discover the key indicators that can revolutionize your revenue cycle management (RCM) and propel yoursuccess! Days in Accounts Receivable (AR): Optimize cash flow by reducing the number of days it takes to collectpayments. First pass Claim Acceptance Rate: Ensure efficient […]
