Category: Blog

Power-of-RCM-in-healthare

Power of Healthcare Revenue Cycle Management in 2024

In the intricate realm of healthcare, where patient well-being is closely entwined with administrative complexities, the cornerstones of success lie in effective revenue management and specialized revenue cycle management services. This pivotal link between clinical operations and financial viability is established through the practice of healthcare revenue cycle management (RCM) and services offered by specialized […]
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Benefits of Workflow Automation in the Healthcare Sector

The adoption of workflow automation in the healthcare sector is on the rise for valid reasons. By alleviating healthcare providers from the burden of documentation and repetitive tasks, it allows them to focus on critical responsibilities that demand expertise and strategic thinking. Recent studies indicate that a significant portion of healthcare professionals spend between 26-41% […]
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Top 5 Ways Your Healthcare Organization Benefits from Outsourcing Medical Coding

Boost Efficiency: Top 7 Ways Outsourcing Medical Coding Benefits Your Healthcare Organization for 2024

Medical coding plays a crucial role in managing the administrative aspects of your organization. It’s evident that without precise medical coding, obtaining reimbursement from insurance companies and third-party entities becomes a challenge. Both under coding and over coding can lead to revenue losses for your organization. While there are avenues for appeals in case of […]
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The Profound Importance Of Medical Coding Services in Healthcare Reimbursement

In the intricate realm of healthcare, where patient well-being is paramount, the financial dimension often receives less attention. Yet, it’s imperative to recognize that healthcare encompasses not only patient treatment but also ensuring fair compensation for healthcare providers. Precise medical coding is a cornerstone of this endeavor. This piece delves into the profound importance of […]
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How Medical Billing Services Propel Small Practices to Success?

Running a small medical practice comes with its unique challenges. Balancing exceptional patient care with the demands of administrative tasks can be overwhelming. One critical aspect of a thriving practice is managing the revenue cycle effectively. This is where medical billing services step in, providing a lifeline for small practices to not only survive but […]
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349 Ways CPT Codes Set is Revolutionizing Medical Practice for Physicians in 2024

The user-friendly descriptions associated with the over 11,000 Current Procedural Terminology (CPT®) codes are integrated into various medical documents, insurance forms, price lists, and patient portals. They serve as crucial references for numerous hospitals, health plans, and medical offices. To address language barriers, the recently released 2024 CPT code set now incorporates these descriptors in […]
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CMS announced 433  ICD-10 Codes Changes For 2024

The fiscal year 2024 ICD-10-CM codes have recently become active, and they will have an impact on your reimbursement. Earlier this year, CMS announced the incorporation of 395 fresh diagnosis codes, removal of 25 codes from the diagnosis set, and modification of 13 codes— all of which became effective on October 1. A substantial portion […]
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Increase Dental Practice Revenue: Avoid Coding Errors and Practice Pitfalls

Everyone desires to receive fair compensation for their hard-earned efforts. However, inaccuracies in coding and other procedural missteps can inadvertently diminish your earnings. Explore these strategies to boost the revenue of your dental practice. Have you noticed that you’re putting in extra hours but not seeing a corresponding increase in pay? Imagine working 10 hours […]
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CPT® 2024 Updates: New Codes, Revisions, and Effective Dates

Curious about the upcoming procedure codes for the new year? Your curiosity ends here! The CPT® 2024 update will incorporate 153 fresh codes dispersed throughout the code book. These additions encompass various sections such as Evaluation and Management, several Surgery subsections (including Musculoskeletal System, Respiratory System, Cardiovascular System, Urinary System, Female Genital System, and Nervous […]
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Claims Reimbursement Speed and Denial Rate

The Impact of Location on Claims Reimbursement Speed and Denial Rate

A recent examination has revealed a significant link between the operational location of healthcare providers and the speed and accuracy of claims reimbursement by insurers. If your practice encounters delays in claims reimbursement, this may be attributed to the geographical area in which your practice is situated, according to a recent scrutiny of financial transactions. […]
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