Benefits of Outsourcing Revenue Cycle Management Services
Benefits of Outsourcing Revenue Cycle Management Services Efficient revenue cycle management (RCM) is vital in determining the financial health of any healthcare practice. Each process needs to be taken with accuracy as patient registration and charge capture are important activities, but processing and collections of claims are crucial ones. Nevertheless, it may be difficult, time-consuming […]
Improving Patient Collections Without Damaging Relationships
Improving Patient Collections Without Damaging Relationships Collecting payment in healthcare is among the most inefficient sides of caring about a medical practice. Provision requirements include maintaining a positive relationship with patient and remaining financially sound. It is important to strike a balance between collections as a product of professionalism, empathy, and efficiency. Through effective deployment […]
Difference between reversal and recoupment in medical billing
Difference between reversal and recoupment in medical billing Medical billing is considered one of the most difficult fields due to the terms it contains and the complex activities professionals are required to perform. Reversal and recoupment are two major terms in medical billing, and both are related to payment. Before you jump to perform the […]