Tips to Improve Medical Coding Quality
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.
Tips to Improve Medical Coding Quality
Medical Coding has a significant impact on revenue cycle performance, so taking the time to analyze your coding department is indeed mandatory. In this blog, we look at how Medical Coding analytics by facility or provider can help you identify critical clinical documentation issues that can help you improve coding quality.
Revenue cycle Trends for 2022 and beyond
Tech, investments, efficiency, patient experience, underpayment recovery, and coding automation are some of the themes that will drive the revenue cycle market momentum in 2022 and beyond. Coming at the back of a long period of adversity due to COVID-19 and an already challenging economic environment for hospitals and healthcare systems, we see a new wave of consolidation, invention, and innovation. In this paper, we discuss some of the trends we are seeing.
6 Revenue Cycle Management KPIs to Track
Revenue cycle management is the bridge between the clinical & business sides of the healthcare industry. It refers to the entire chain of processes from scheduling a patient appointment to getting reimbursements from the insurance companies. Read more on the 6 RCM KPIs to track.
In healthcare, like all businesses, the most effective way to collect your unpaid accounts is by reaching out and talking to the customer. The number of patients treated and the number of hospitals and physician services are increasing consistently, keeping the doctors & their staff occupied. As a result, they miss to follow up on a massive chunk of their revenue from the patients & insurance companies. To read more click on the button below
Accurate coding of Podiatry Encounters Improves collections by 25%, reduces denials by 23%
Invalid Diagnosis codes can cause coding errors and inflate claim denial rates. Often, healthcare providers tend to utilize superbills and mark the nearest available codes on the superbills. Due to the lack of a clear understanding of the coding guidelines, providers might mark invalid diagnosis codes on the superbill. Click on the link below to learn more about the challenges faced in medical coding
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.
