Tag: Revenue Cycle Efficiency

Denial Management Process

3 Proactive Strategies for Improving Denial Management

In the ever-evolving field of medical billing, denied claims remain a significant obstacle for healthcare providers. Studies reveal that over 10% of claims face initial rejection by insurers, leading to revenue losses, administrative strain, and frustration for all stakeholders. To mitigate these challenges and ensure financial stability, an effective denial management process is essential. However, […]
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Optimize Revenue Cycle Management

Improving Revenue Cycle Management: Insights from Medical Billing Experts

The revenue cycle management process (RCM) must be optimized for financial stability and growth in today’s competitive healthcare landscape. As a result of a smooth RCM process, revenue leakage is minimized and profitability is maximized. With this newsletter, leading medical billing experts share their insights on how to streamline and optimize Revenue Cycle Management. The […]
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Revenue Recovery

Recovering Revenue During COVID-19

The early eruption of the coronavirus prompted the federal government to urge a widespread halt of elective procedures in hopes of slowing the viral spread. For radiologists, this caused a massive decline in routine exams, which can result in a 40 percent-to-60 percent loss in revenue. Evolving health policies and industry environments keep revenue cycle […]
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3 Key Strategies to Increase Healthcare Revenue Cycle Efficiency

  As providers engage in complex payment models and collect more from patients, they must learn to automate key functions to improve healthcare revenue efficiency. The healthcare revenue cycle has many moving parts. From patient access and registration to medical billing and coding, provider organizations of all sizes must achieve revenue cycle efficiency to ensure […]
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