Is Virtual Medical Scribing the Right Option for Your Practice?
Healthcare professionals are spending more and more time on paperwork, cutting into the time they have for patients. According to Becker’s Hospital Review, nearly one-third of physicians spend 2 or more hours daily completing documentation outside of their regular work. It’s frustrating, time-consuming, and one of the big reasons why burnout is so common in […]
Optimizing Denial Management: How Automation Can Transform Your Revenue Cycle
Claim denials in healthcare represent a significant challenge as they interrupt revenue cycle, add administrative strain, and weaken the financial health of healthcare firms. According to the
How Medical Coding Audits Strengthen Revenue and Improve Accuracy
The rise in claim denials in the current healthcare system is an increasingly alarming concern. This trend is exacerbated by complex payer regulations, shortage of staff, and errors in medical coding. Medical coding audits provide healthcare organizations with an essential approach, aiding in the identification of coding discrepancies & enhancing operational efficiency. Through in-depth audits, […]
Impact of Telehealth on Patient Engagement and Outcomes
According to Allied Market Research, the global telehealth market is projected to reach $851.0 billion by 2032, expanding at a CAGR of 25.7% from 2024 to 2032. Key factors driving this growth include rising demand for improved medical services, reduced costs, and enhanced efficiency. Additionally, technological advancements like chatbots and other tools are making it […]
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 your success! Days in Accounts Receivable (AR): Optimize cash flow by reducing the number of days it takes to collect payments. First pass Claim Acceptance Rate: […]