New challenges are brewing in today’s complex and ever-changing reimbursement environment. There are regulatory changes and increased patient payment responsibility due to high-deductible health plans. These challenges are just a couple of reasons that contribute to why 69% of physicians … Continue reading
Today’s healthcare market is experiencing great change as the industry shifts from a payment model that reimburses for the volume of services provided to a value-based environment that rewards for quality of care and cost savings. With the increasing focus … Continue reading
Physician practices are constantly trying to get a handle on their collections, as it drives the financial success of their business. Many have been considering whether to outsource their billing or to keep it in house. One of the arguments for outsourcing is that a successful revenue cycle management (RCM) service ultimately reduces the amount of time from patient service to receipt of payment.
Quest Diagnostics recently conducted a national survey asking respondents who are using an outside billing company what their goals are…Continue reading
It’s important to regularly evaluate the health of your medical practice by examining cash flow, or the money and resources moving through your practice. One way to do this is through revenue cycle management (RCM), which includes tracking claims, verifying … Continue reading