Anything you can do to improve the way your practice runs, however small, can help you breathe easier under the pressure — and retain or regain a measure of control. Every practice can be improved. Here are several ways, both large and small, that you might go about improving things.
What many people do not realize is that there is a lot of work that gets done behind the scenes in the back office of a medical facility. Let us not forget that collections and billing is an arduous process that requires a group of highly trained staff members. With that said, keep reading and discover a few tips for improving your back office billing.
This holiday season, we are taking a few moments to acknowledge and give thanks to each of our valuable team members here at Revenue Management Corporation (RMC). Our team is thrilled to introduce you to, Joni Waggoner!
This holiday season, we are taking a few moments to acknowledge and give thanks to each of our valuable team members here at Revenue Management Corporation (RMC). Our team is thrilled to introduce you to, Giselle Martin!
This holiday season, we are taking a few moments to acknowledge and give thanks to each of our valuable team members here at Revenue Management Corporation (RMC). Our team is thrilled to introduce you to, Mike Nicholson!
With the holidays approaching quickly, we wanted to take a few moments to acknowledge and give thanks to each of our valuable team members here at Revenue Management Corporation (RMC). To kick off this weekly featured post, our team is thrilled to introduce you to, Chuck Taylor, Jr.
As health care organizations aim to tighten their business processes to drive revenue and increase cash flow, specialty practices sometimes find themselves behind the curve, unsure of where to begin to improve performance. Part of the reason is there are some common misconceptions about the revenue cycle and the best ways to optimize it.
Even if you’re happy with your current patient volume, that doesn’t mean you can go without a planned medical marketing strategy to keep your brand at the forefront of people’s minds.
To maximize their reimbursement rates, today’s healthcare providers must take control of revenue cycles, and that requires optimizing three particular areas: estimates, claims, and collections.
In order to help their patients, healthcare providers need to buy equipment, pay salaries, and spend money to maintain an effective, efficient customer experience. Revenue is what makes healthcare work, so preserving revenue should be a main priority for healthcare administrators.
Here are three improvements that can facilitate process improvements, increased revenue and accelerated reimbursement from both patients and payers:
As a hospital or clinic, your success largely depends on being embraced by potential and current patients. A huge part of connecting with your clientele is to make your web presence one worth visiting. Taking stock of your hospital or clinic website's SEO prowess is a great first step.
In today’s fragmented digital landscape, health systems are having difficulty connecting with patients. This is leading to a potential decrease in patient acquisition — and ultimately less revenue. With physician and health system information living across a variety of places and devices, patients are having trouble finding the right healthcare information in moments that matter.
The title of the article may look unrealistic but you may find an answer towards the end. Revenue Cycle Management (RCM) has been a problem area for many practices and most of them leave the money on the table without even realizing that they have a problem.
Almost half of physician practices may be missing out on an opportunity to generate revenue by providing annual wellness visits to Medicare patients, according to a new study.
Medicare is undertaking a significant update to how it pays for physician services. As is typically the case with Medicare, privately managed Medicare will likely follow suit. It is important to understand the details around the MACRA as it will impact many of our health plan clients.
In an effort to increase access to affordable healthcare coverage, the Trump Administration on Thursday morning proposed a new rule that aims to expand access to certain associated health plans. The rule is meant to stir competition in the health insurance markets.
Within the rule, small businesses and those who are self-employed will be able to work together to obtain affordable health insurance. If enacted, this rule would change the way “employer” is referred to under the Employee Retirement Income Security Act of 1974. By doing so, more groups would be able to form health insurance plans under the Affordable Care Act.
Experts analyze that the proposed rule would actually hurt the individual health insurance market, since these associated health plans that would be made would not be under the same regulations and protections as other health plans in the market.
Read the original article from Modern Healthcare here.
As competing priorities emerge, it’s getting tougher and tougher to find the time and resources to effectively manage today’s revenue cycle processes.
As we help our clients with their internal campaigns, we hear the same cries for help during interviews and focus groups and watch as employees become unstuck when their leadership starts implementing ways to address employee engagement. Here are a few ways you can refocus your attention on the real measure of ROI in your organization—your people.