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…
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
Quest Diagnostics recently conducted a national survey asking respondents about their biggest pain points when it comes to the physician billing process. Over half said they were concerned with keeping up. This includes staying current with evolving requirements from payers … Continue reading
Having healthy financials is crucial to ensure your practice has the right resources to keep things running smoothly. Part of that includes knowing your practice denial rate, or the percentage of claims denied by payers. To calculate your denial rate, … Continue reading