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Why Healthcare Providers Could Be Loosing Precious Time and Money

According to a study conducted by the Council for Affordable Quality Healthcare, inefficient processes across the revenue cycle collectively cost healthcare practices billions of dollars each year. In the United States alone, the industry could have saved $16.3 billion in 2020, or 42% of the $39 billion spent on administrative transactions tracked by the CAQH…

Best Practices for Post-Operative Pain Block Reporting

The compliant reporting of peripheral nerve blocks for treatment of postoperative pain can bring additional facility reimbursement, but complex reporting guidelines and inconsistent payer reimbursement creates challenges. Facility Payment for Surgical Anesthesia and Post-Operative Pain Blocks Medicare Global Surgery Rules prevent separate payment for postoperative pain management when provided by the surgeon, however, Chapter II…

How to Maintain Accurate Medical Transcriptions

Medical professionals are responsible for many patients on an average day. Accurately documenting their notes in medical charts and insurance claims is crucial to delivering quality care. Most healthcare practitioners dictate their notes in an audio recording, which is then transcribed into a written document – and the importance of this transcription process can’t be…

The Significance of an Effective Revenue Cycle

The concept of a healthy cash flow supports a healthy organization seems simple and obvious. Three stages – transcription, coding and billing – ideally work together to create a seamless revenue cycle.  Yet Revenue Cycle Management continues to pose a serious ongoing challenge for many healthcare facilities. When efficient RCM practices are put in place, you…

What You Should Be Looking For in a Billing Company

Outsourcing your Billing & Collections is no small decision. You need to find a Revenue Cycle Management company in which you have complete trust with your facility’s individual needs and financial future. The right fit will positively impact your facility by improving overall cash flow, allow you to focus on better patient care, and reducing billing errors…

Keys to Improve Revenue Cycle

Having confidence that you are collecting the revenue you are owed quickly and efficiently, allows you to dedicate more time to other priorities – like finding growth opportunities and enhancing patient care. Prioritize these three key strategies to optimize your center’s Revenue Cycle Management. Obtain Fast & Accurate Documentation An efficient Transcription service allows your…

Reasons to Outsource Your Revenue Cycle Management

Many healthcare facilities are grappling with this question in the new year: Do we continue handling our billing and coding in-house, or do we outsource our Revenue Cycle Management? It’s not always a clear-cut decision. Every facility has to weigh different factors, such as staff capacity, budget, cash flow, and current inefficiencies.   Ultimately, before…

3 Best Practices to Improve Revenue Cycle Management

Having confidence that you are collecting the revenue you are owed quickly and efficiently, allows you to dedicate more time to other priorities – like finding growth opportunities and enhancing patient care. Prioritize these three key strategies to optimize your center’s Revenue Cycle Management.   Get Fast, Accurate Transcription & Coding   An efficient Transcription…

Advantages of Outsourced Medical Billing

The decision to outsource medical billing or continue to manage it in-house can be complex and one that many administrators struggle with. You have to evaluate a variety of factors — from staff size to financial health — and there is no universal correct answer that fits every ASC.   Which path will deliver the…