Revenue Cycle In The Times Of COVID-19 – Creating A Sustainable Financial Future

 
REVEL - Header (2).png

A lot is going on in the revenue cycle industry. Process Automation, COVID-19, Telehealth, Cloud Tech, changing regulations and more. Stay update with this newsletter from Medical Billing wholesalers.

Revenue Cycle In The Times Of COVID-19 – Creating A Sustainable Financial Future

Telemedicine is gaining increasing acceptance as a direct consequence of the Coronavirus outbreak. The bigger question is if telemedicine will continue and possibly even grow post-COVID-19 or is this just a passing phase that has gained popularity out of necessity and will wane off. In this article, MBW brings you a list of reasons why Telemedicine is the new normal.

Standardized billing and coding practices for Spinal Cord Stimulator (SCS) Procedure Code 63650 reduce medical necessity denials and help collect 281 claims valued over $ 300K in 2 years. The Customer saw over 36% improvement in Collections, as much as 75% reduction in old AR over 61 days, and reduction of denied SCS claims from 68 to 8 over a 7 month period.


  Industry News

FDA joins partnership on COVID-19 analytics tool
Microsoft deepens its healthcare presence: A timeline of the past year
Senate leaders support making certain COVID-19 telehealth policies permanent
Industry Voices—We can cut costs and improve patient experiences
UPDATED Coronavirus tracker: Pandemic's impact on cancer
Industry Voices—Ensuring long-term brain health amid COVID-19
CMS proposed rule to boost Medicaid value-based drug models
Out-of-Network Bills Common for Some Pathologists, Other Specialists
What Providers Need to Know About COVID-19 Coding and Billing

About Medical Billing Wholesalers

Medical Billing Wholesalers (MBW) provides medical billing and coding, business process outsourcing, analytics, and robotic process automation tools. The company operates from 5 delivery centers in Chennai and Bangalore and has sales offices in New York, Dallas, Fort Lauderdale, Las Vegas, and Nashville. Through our clients, we support over 2,000 physicians across over 20 medical specialties and uses over 15 EMR/practice management systems today. The company applies proprietary workflow tools, and robotic process automation capabilities to help clients do more with the revenue cycle.

 
Previous
Previous

Tips for choosing the right revenue cycle platform - RCM Newsletter