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3 Secrets For Healthcare Organizations To Improve Their Profitability

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Healthcare industry is facing several challenges like increase in competition for outpatient services and growth in uninsured care. Small rural practices are finding it difficult to stay their boat afloat. According to some industry experts health care practices can increase their profit by focusing on these two key areas- increasing reimbursement and reducing cost. Here … Read more3 Secrets For Healthcare Organizations To Improve Their Profitability

4 Effective Methods To Collect Patient Payments For Maximizing Reimbursement

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Healthcare industry has been impacted by the several reforms and trends introduced in the reimbursement process. Medicare and Medicaid have taken steps to reduce physicians reimbursement. Under the HIPAA terms and policies requirements for claim data submission have tightened. Government have started putting strong emphasis on abuse and fraud of healthcare to get accurate billing. … Read more4 Effective Methods To Collect Patient Payments For Maximizing Reimbursement

The Best Solutions To the Top 3 New Coding Challenges In ICD-10

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Healthcare industry faced a major change with the transition to ICD-10 and with the implementation of updated EMR/EHR.  With the ICD-10 introduction, enormous diagnostic codes were introduced due to which healthcare professionals are facing variety of issues. The new Diagnosis Related Group (DRG) system was amended for integrating new codes for reimbursements in it. This … Read moreThe Best Solutions To the Top 3 New Coding Challenges In ICD-10

3 Essential Things to Look Out For in The Next Generation Revenue Cycle Management System

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  Revenue Cycle Management needs to have an apt organizational model, a befitting coding and compliance model, complete knowledge of ICD-10 , transparency and a compact practice management system. Selecting the perfect system for your healthcare practice is crucial to remain competitive and yet not an easy task. Here are three essential things to look … Read more3 Essential Things to Look Out For in The Next Generation Revenue Cycle Management System

Why Certified Coders are Essential for a Practice

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Medical Coding is the fundamental key to the success of an RCM practice. The responsibility of medical coders is not just related to coding assessment of the medical diagnosis, but instead, it also involves a lot of work including recording treatment details, and finally, submission of insurance claims. Accurate and timely claim submission forms up … Read moreWhy Certified Coders are Essential for a Practice

How to Increase Revenue Through Prevention of Claim Denials

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For any healthcare practice, the major revenue stream always depends on insurance claims getting cleared swiftly and smoothly. In order to escalate your revenue, your claims processing needs to function with maximum efficiency. If you’re medical practitioner, you must often wonder why your claims get constantly denied even when you’re submitting accurate information. Insurance companies … Read moreHow to Increase Revenue Through Prevention of Claim Denials

How Outsourcing affects the RCM- Revenue Cycle Management

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The rapid changes in the healthcare standards and its processes is amounting to a lot of stressful nights for anyone employed in the medical industry. Due to these apparent changes, a lot of practices are even making their medical staff help out in the billing and paperwork process. While this might seem like a noble … Read moreHow Outsourcing affects the RCM- Revenue Cycle Management