The Revenue Cycle Blog
Top 10 Medical Billing Services for Small Practices in the USA
Medical billing can be challenging for small practices in the USA. This blog explores the top 10 essential medical billing services designed to help simplify operations, reduce costs, and increase revenue.
10 Reasons for Medical Claim Denials & Prevention
Learn the top 10 reasons for medical claim denials and how to prevent them. Improve your billing and reduce claim rejections.
10 Revenue Cycle Management Trends Reshaping Healthcare in 2024
Explore the latest RCM trends shaping healthcare in 2024 with Medical Billing Wholesalers. From AI automation to telemedicine, stay ahead in reimbursement and patient care.
Unleashing the Power of Clinical Documentation Improvement (CDI)
Discover how Clinical Documentation Improvement (CDI) revolutionizes healthcare data management, enhancing patient care, data integrity, and financial outcomes. Unleash the potential of CDI to optimize your healthcare organization's data and drive better outcomes.
Traits to look for in your revenue cycle partner
Most companies struggle with the emotional outsourcing decision that changes the status quo. When you eventually make the outsourcing decision, you must tread with caution. You rely on your partner to deliver the financial and clinical outcomes you value the most.
The Front End Revenue Cycle
Discover how the Front-End Revenue Cycle serves as the cornerstone of financial success and an improved patient experience in healthcare. Learn about trends and strategies for optimizing patient registration, scheduling, and insurance processes.
Behavioral and Mental Health - Best Practices Guidelines
Effective billing and coding practices are essential for optimizing reimbursements in behavioral and mental health services. Proper documentation, accurate coding, and adherence to specific coding guidelines, including those for prolonged services, are key factors for success.
Understanding the Importance of Secondary DX Codes in DRG-Based Reimbursement
DRG-based reimbursement (Diagnosis-Related Group), plays a pivotal role in determining the payment healthcare facilities receive for treating Medicare patients. While the primary diagnosis code identifies the main reason for hospitalization, the significance of secondary DX codes in the DRG-based reimbursement process cannot be overstated.
Florida's Amendment to Electronic Health Records Exchange Act
The Florida Legislature recently amended the Florida Electronic Health Records Exchange Act to prohibit certain healthcare providers utilizing certified electronic health record technologies from storing qualified electronic health records outside of the United States, its territories, or Canada.
Frequently Asked Questions about Durable Medical Equipment Billing
DME billing involves submitting and processing claims for durable medical equipment, and outsourcing DME billing services can help healthcare professionals streamline the process, minimize denials, and ensure accurate reimbursement.
Best Practices to improve the performance of ABA Therapy Clinics
ABA (Applied Behavior Analysis) therapy billing refers to the process of submitting insurance claims for reimbursement of ABA therapy services provided to clients. ABA therapy billing is a complex process that requires a high level of attention to detail and a deep understanding of insurance and reimbursement policies.
Reinventing your medical billing company
Discover effective strategies for revenue cycle optimization in your medical billing company. Learn how to improve operational efficiencies and profitability with insights from Medical Billing Wholesalers' blog.
Improve your Practice's performance with Revenue cycle KPIs
With headwinds of cost increases, reducing reimbursement rates, and declining patient visits, Physician practices must refocus on operational efficiencies to achieve profits sustainably. Revenue cycle KPIs are essential in measuring your Practice's performance and guide on improving.
The offshore – onshore relay race – The case for collaboration in revenue cycle outsourcing programs
The offshore-onshore relay race refers to the collaboration between the onshore operations of your medical billing company or in-house RCM team and offshore providers of revenue cycle services across processes such as medical billing, medical coding, patient access, accounts receivable, and denial management.
Importance of Process Rigor in Revenue Cycle Transformation
Process rigor is essential in revenue cycle transformation because it helps ensure the accuracy, consistency, and efficiency of the revenue cycle processes. A lack of process rigor can result in errors, duplications, and delays that can negatively impact the financial performance of an organization.
Addressing Revenue Cycle Labor Shortage with Technology and Outsourcing
In healthcare, the labor shortage is not limited to clinical roles but extends across administrative functions. If you look at the revenue cycle, lack of timely filing and follow-ups can increase denials and result in delayed cashflows. In this blog, we look at some of the strategies revenue cycles CFOs are deploying.
Revenue Cycle Trends 2023
For hospitals, healthcare systems, and even mid to large physician practices, 2022 was the worst financial year in decades. Healthcare providers already reeling under the impact of the long period of adversity due to COVID-19 were further impacted by inflationary impact and increasing cost of healthcare supplies. Protecting the revenue and doing more with fewer resources are the central themes on the minds of RCM leaders. The impact of the great resignation has left them short of both administrative and clinical workforce.
2023 promises to be a super-charged year with an increasing pace of consolidation, innovation, and adoption of new ways of doing work. We discuss some of the trends impacting healthcare and the revenue cycle.
Strategies to help Hospitals navigate through the “Perfect Storm”
The rising costs of caring, economic uncertainty, the impact of the great resignation, the consequent labor shortages, and the multi-year delay in investing in technology and processes to re-engineer the financial process have created a perfect storm. Worsening the condition is the demand for medical care slowly shifting from hospitals to ambulatory care settings.
Best Practices for Choosing Revenue Cycle Technology
Here’s a list of top considerations for choosing the right revenue cycle technology for your organization:
Role of medical coding in the future of healthcare
Healthcare administrative talent will be in short supply for many years, and medical billing and coding offer lucrative career options. This blog discusses the importance of medical coding, the career opportunities it provides, and how medical coding will play a critical role in defining the quality of care.