Why Billing Is So Difficult for Therapists For most therapists, billing is the part of the job that feels least like “therapy.” You didn’t get into this field to chase down prior authorizations, decipher claim adjustment codes, or appeal denials that make no clinical sense. Yet without an effective billing system, the financial stability of your practice—and your ability to keep serving clients—is at risk.
Why Timely Payments Matter in Therapy Practices For therapists, billing often feels like a necessary evil. You spend your day helping clients navigate life’s challenges—then end up spending your evenings fighting with insurance portals, correcting denials, or wondering when a claim will finally be paid.
The Importance of Patient Engagement: Why They - And You - Need It
Learn why patient engagement is a necessity and how you can master it within your practice.
Why RCM Is the Unsung Hero of Healthcare Every healthcare provider and stakeholder knows the frustration: you deliver excellent care, document meticulously, submit a claim, then wait weeks (or months) for payment, only to face denials or underpayments. Multiply that across hundreds or thousands of patient encounters or lab tests, and the problem becomes clear: without a strong Revenue Cycle Management (RCM) system, financial stability is impossible.
The Lifeblood of Healthcare Finance Imagine this: a patient schedules an appointment, receives care, and goes home. Behind the scenes, however, a complex series of administrative and financial steps are already underway and have been since scheduling the appointment; steps that determine whether the provider will ever be paid. That entire journey is known as Revenue Cycle Management (RCM).
Healthcare Revenue Cycle Management (RCM) is the financial foundation of every type of healthcare organization. RCM should span the patient’s entire journey, from scheduling and eligibility verification to final payment collection, and even beyond with reminders to schedule next appointments as may be appropriate.
You know that the healthcare landscape is continually evolving, where “evolving” really means, among other things, staying informed about regulatory changes.
A multispecialty group or practice is one in which at least two different specialties are practiced. Of course, large groups or networks may have tens or dozens of different specialties. Providers may be MDs, DOs, DPMs, DCs, PTs, PAs, NPs, RNs, clinicians, and therapists. Depending on the specialties, some may not be medical (think cosmeticians, aestheticians, and massage therapists).
Choosing the right healthcare revenue cycle management (RCM) software is a critical decision that can significantly impact the financial health and operational efficiency of your organization. To ensure you make an informed choice, we've compiled a comprehensive checklist to guide you through the process of finding the best RCM software, with a special focus on the advanced solutions offered by Advanced Data Systems Corp (ADSC).