Minimizing Revenue Loss: Strategies in Medical Billing
With the revenue cycle industry evolving every day, RCM practitioners and decision-makers need to stay updated on the trends. Trust Revel, a Revenue Cycle Industry Newsletter from Medical Billing Wholesalers, to bring you updates on issues impacting the revenue cycle business.
Strategies to minimize revenue loss in Medical Billing
Healthcare providers focus on delivering high-quality care while the revenue cycle team manages the reimbursements. Hiring high-quality resources is essential and can be challenging as the nation faces an unprecedented labor shortage. Learn more on how outsourcing accounts receivable and denial management processes to a seasoned outsourced revenue cycle services provider can minimize revenue loss and improve financial outcomes.
Addressing Revenue Cycle Labor Shortage with technology and outsourcing
When your revenue cycle faces a staffing shortage, optimization functions such as quality assurance and underpayment reviews can unlock additional revenue opportunities. The staffing shortage is aggravating problems for the hospitals, which were impacted already by the pandemic. Reimbursements necessitating revenue cycle operations deliver the best financial outcomes, which requires deep healthcare and reimbursement process expertise. Read more click on the link below.
Neonatal Billing & Coding Services
Neonatology is a subspecialty of pediatrics that consists of the medical care of newborn infants. We bring excellence, knowledge, and accuracy in neonatal billing and coding services while building a revenue cycle devoid of defects for your hospital. Our team strives to introduce a friction-free billing, coding, claim submission, and payment posting process. Learn more about how we ensure persistent accounts receivable follow-up and prior authorization to avoid claim denials.
Addressing Notice of Levy issues to Improve Reimbursements
Notice of Levy issues may be wrongly construed to be denied claims if a thorough investigation is not done to understand the reason behind such cases. Further, it is imperative that physicians pay their taxes on time. Learn more on how levy cases can be avoided by click on the button below.
Plastic & Reconstructive Surgery Billing & Coding Services
Due to multiple procedure payment reduction rules, the need to use the right surgical and E/M modifier codes, and plastic surgery medical coding can be confusing. With diligent patient demographics entry, insurance verification, insurance authorizations, coding, billing, and payments reconciliation can add value to your organization. Our team strives to introduce a friction-free billing, coding, claim submission, and payment posting process. To learn more send us a mail at info@medicalbillingwholesalers.com or click on the button below.
About Medical Billing Wholesalers
Medical Billing Wholesalers (MBW) provides business process outsourcing, revenue cycle KPI measurement, 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.
