Healthcare facilities lose up to 5% to 12% of their revenue due to uncollected accounts receivable. For a big facility, the percentage just grows. This shocking fact should be enough to make you realize the importance of proper follow-up on your claims. Whenever denial happens, you must work towards removing the error but it consumes […]
Does AR Recovery Services Maximize Your Healthcare Revenue? Read More »
The hospital billing system seems to be very complicated for naive patients. They don’t know how billing works and what charges they owe. Well, this might be a cause of concern too because many unreliable healthcare facilities take advantage of this lack of knowledge and bill a patient wrong. This leads to paying bills for
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Ever wondered where your revenue goes even after having a massive patient base? There may be many expenses your healthcare facility might be bearing but one aspect that is crucial to generate revenue is filing claims. For insured patients, claim applications are sent to their respective coverage holders and they make the payment after passing
10-Step Process of Denial Management Services Read More »
The healthcare industry runs on diverse treatments and people having the expertise to work under a specific health domain. One of the crucial role players in this industry is chiropractors. They are the ones who ensure your musculoskeletal system is in place. Patients facing disorders related to bones, especially spines consult with these professionals. However,
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Healthcare is one of the biggest industries in the world. There is a series of patients that keep coming up, whether in a small clinic or a big facility. Today, when diseases have become much more common, a high number of people are getting affected which results in an excessive patient ratio. This in turn
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Healthcare is an expensive industry for both patients and providers. Patients only have to pay the bill but a provider has to ensure compliance with every medical service and billing aspect. Another thing that takes time is to make sure the staff of a healthcare facility or a provider itself is qualified so that they
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Trust is the biggest element in healthcare without which you won’t attract patients to your facility. Health is a crucial matter and people only rely on those healthcare providers who have shown trustworthiness. But how do you ensure their trust building? Well, showing your qualifications and a clean history is the key here. So you
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The biggest setback for any hospital or clinic is to lose revenue. This could be due to a weak RCM strategy or lack of attention to claiming reimbursement. This cycle then continues until you identify the problem and come up with a new strategy. Here denial management solutions come into play. These are the techniques
Expert Denial Management Solutions To Practice In Your Facility Read More »
Healthcare facilities are losing billions of dollars in terms of ineffective medical billing procedures. If you are a provider, then there is a chance that you may face 5% to 10% denial rates. But this doesn’t seem concerning. Let me tell you that if a big healthcare facility submits $3 trillion worth of claims in
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Generating revenue is not a child’s play. You have to put time, effort, and resources to get what you spend in return. Each healthcare facility has its own mode of functionality. Some perform manual RCM while some conduct billing using software. Keeping our focus, especially on dentists, they too now rely on dental laboratory billing
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