Provider credentialing plays an important role in the medical billing process. The importance of medical credentialing plays out in several significant ways. From preventing revenue loss to delivering quality healthcare and setting the best-practices culture in healthcare delivery. Provider credentialing is a crucial process to validate a healthcare provider’s credentials such as education, work history,… Continue reading What Is The Purpose of Provider Credentialing?
Category: Blog
Cost of Revenue Cycle Management services in 2023
How is the cash flow in your medical practice these days? Or, to put it strategically, how is your revenue cycle management going? During the coronavirus pandemic, medical professionals across the healthcare industry have seen a decrease in patient traffic and, as a result, patient payments. Some people avoided and are still avoiding enclosed spaces,… Continue reading Cost of Revenue Cycle Management services in 2023
Things to know about revenue cycle management
Get an insight into the revenue cycle management process A recent survey of providers highlighted that their number #1 priority was running a more profitable practice. That’s where the right technology solution can help but there are plenty of options when considering the best service for your business. The right revenue cycle solution can help… Continue reading Things to know about revenue cycle management
Revenue Cycle Management: Primary Steps and Benefits
Every successful healthcare organization has one thing in common- a strong revenue cycle. If your practice does not have an efficient billing process in place, you risk losing thousands of dollars each year in-patient payments, payer reimbursements, and other revenue streams. With a robust revenue management cycle, healthcare practices can thrive as it is integral… Continue reading Revenue Cycle Management: Primary Steps and Benefits
Best Digital Marketing Tips For Your Healthcare Practice
A decade back, marketing practices were way different than what exists today. Then, developing and implementing a marketing campaign meant running different ads on the radio or placing some print ads in the newspapers. That was mostly it. But today, the game is different. There are too many choices and too much competition. We are… Continue reading Best Digital Marketing Tips For Your Healthcare Practice
Revenue Cycle Specialists: Who are they, and what do they do?
Financially strong practices can withstand fierce competition and ever-changing healthcare dynamics. Today, a pandemic later, a realization has changed how practices see their revenue cycle. As of now, few roles are vital to the long-term financial integrity of any healthcare organization. People who can manage the revenue cycle are among those few. That is why… Continue reading Revenue Cycle Specialists: Who are they, and what do they do?
Importance of Medical Credentialing In Healthcare
Healthcare facilities along with insurance companies conduct medical provider credentialing to verify and authorize provider qualifications. The process of medical credentialing ensures health care standards remain protected as independent elements. Since credentialing tells us whether a provider has the necessary training or expertise to practice healing arts, it is paramount for everyone concerned to understand… Continue reading Importance of Medical Credentialing In Healthcare
Insurance Eligibility Verification Crucial- What is the buzz about?
Did you know that two out of five claim denials are related to insurance coverage? As a result, practices lose millions in revenue annually because the eligibility has expired or the plan did not cover the patient. To avoid such losses, practices must invest in a robust insurance eligibility verification process. With the implementation of… Continue reading Insurance Eligibility Verification Crucial- What is the buzz about?
The Crucial Relevance of Healthcare Billing Services Today
As much as practices deny it, they run as businesses. Agreed that the goal is different from other private enterprises, but all businesses are striving towards a common goal- The goal to survive and become financially sound. It means one thing. Healthcare billing services are inarguably the backbone of any practice. That is why more… Continue reading The Crucial Relevance of Healthcare Billing Services Today
How can RCM services help practices be financially stable?
The healthcare industry today is different from what it was a decade ago. The space has become much more competitive and advanced. Today, providers are looking at challenges that are not static, and if you want to survive, you have to move, adapt and excel. Providers have to create a cushion to endure the financial… Continue reading How can RCM services help practices be financially stable?
