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
Tag: Revenue cycle management healthcare
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?
The Crucial Difference between Medical Billing & Revenue Cycle Management
COVID-19 wreaked havoc on the entire world. There was a lot of financial uncertainty in the earlier stages, which is probably still being addressed. Healthcare institutions were no different. Both small and large practices suffered considerable losses in revenue. Patients were staying at home in large numbers. People were terrified to go outside among the… Continue reading The Crucial Difference between Medical Billing & Revenue Cycle Management
How to Optimize Your Healthcare Revenue Cycle Performance?
Have you ever wondered why even with all the efforts, revenue cycle management in practices continues to remain elusive? One of the primary reasons is the continuous shift in rules and reforms that are a little complex to adapt to at first. But as soon as you are good at it, Bamm! There is a… Continue reading How to Optimize Your Healthcare Revenue Cycle Performance?
