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…
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…
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…
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…
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…
While outsourcing a critical part of your business can be scary, healthcare providers who find outside help they can trust often gain improved performance and profitability. The trick to getting good value from a third-party resource is finding the right match for your operation, to minimize any worries about quality control or inefficiency. Revenue…
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…