The new decade has come with new challenges accompanied by some other problems that left unresolved during the last decade. 2020 came with some unprecedented and unpredictable predicaments such as a global medical emergency due to the covid-19 outbreak making its way from China to the US in a few days. It increased the burden … Read more
Independent practices make up a major part of the American healthcare system. Undoubtedly, people are more influenced by these independent practices as they are relatively inexpensive and ensure better care than larger healthcare organizations and hospitals. Moreover, these practices have won patients’ trust by adding to their convenience as they provide low-beneficiary costs and are … Read more
As the healthcare industry is much inclined towards providing healthcare to every patient, it is equally necessary to maintain a successful revenue management cycle. As technological advancements are chipping in, effective healthcare revenue cycle management has become the need of the day. Often the health practitioners are of the opinion that what is the purpose … Read more
Revenue cycle management (RCM) in healthcare means a streamlined process of billing and payment collections. To achieve revenue targets, and optimized revenue cycle must feature seamless payment claim processing, medical coding, charge capture, payment posting, explanation of benefits (EOB) reconciliation, denial management and account receivable services. The revenue cycle workflow starts from the patient’s billing … Read more
While every healthcare is committed to providing the best healthcare facilities to the patients and everyone around, they also need to make sure that their revenue management cycle doesn’t compromise. This is why it is essential to understand the physician revenue management cycle. What is revenue cycle management healthcare means for physician credentialing practices? The … Read more
The healthcare industry is one of the most rapidly changing industries in the world. Challenges, such as rising costs, value-based care delivery, payment reforms, data security and transformation to smart healthcare technologies have engaged healthcare professionals in recent times and there is more to come in 2020. Technology is transforming healthcare at a faster pace, … Read more
KEYPOINTS WORLD DIABETES DAY November 14 marks World Diabetes Day to raise awareness and educate people about the complications caused by this disease. It is also the birth date of Fredrick Banting who along with Charles Best discovered insulin in 1922. What is Diabetes? Diabetes is a chronic disease that disturbs blood sugar and causes … Read more
HIPAA stands for Health Insurance Portability and Accountability Act of 1996. It is a United States legislation that provides data privacy and security provisions for safeguarding medical information. It has two main purposes: to provide continuous health insurance coverage for workers, who lose or change their job, and to reduce the administrative burdens and cost … Read more
World heart day is a globally celebrated campaign, during which individuals, communities, families, and governments of various nations across the globe participate and become the custodian of their heart health or their loved ones. The campaign is organized every year to raise awareness about Cardio-Vascular Diseases (CVD) among the general public and their possible outcomes. … Read more
Fraud is a way of committing a crime to gain financial benefits. It is the factor that does not only cause unrest in society but also leads to economic destabilization. Insurance fraud is one of the types which occur when any person, company, or organization plans to deceive to gain insurance benefits and it is … Read more