How is the flow of revenue in your healthcare practice these days? Or more precisely, how is your revenue cycle management (RCM) progressing?

Medical billing is time-sensitive and complex. This presents difficulties for practices, especially those with a smaller staff and a limited budget.

Clinics, practices, hospitals, and other medical establishments often need to take second looks at their processes, especially those that involve revenue, workflow, and efficiency. Not surprisingly, exploring the possibility of transitioning to a revenue cycle management (RCM) service company is often a result of those second looks.

Healthcare professionals must keep top of mind the fact that reporting is a huge part of both financial and clinical records. It can be easy to neglect this important aspect of your organization when you’re primarily focused on delivering services to patients and coordinating care with other entities. But without effective reporting, you can leave both your practice and your patients in jeopardy.

Once a progressing form of medical care, telemedicine has rapidly developed into a practical option for many healthcare providers today. One recent report by the AMA stated that telehealth adoption is growing at a rate faster than any other type of medical care solution, experiencing an overall growth of 53%.

Medical credentialing verifies that nurses and doctors are properly trained and certified and have the required professional experience to provide healthcare services to patients. It’s a crucial aspect of maintaining high standards of safety in the medical profession.

Telehealth is not a new concept: as far back as 1879, an article in The Lancet advocated the idea of utilizing the telephone to minimize the number of unnecessary office visits.

You already know how important computer and software systems are in delivering healthcare, especially from the perspective of improving employee productivity and treating more patients more effectively. That’s true in a general sense, but not all healthcare providers have insight into a particular type of software used in hospitals, practices and clinics all across the country—electronic health care record or EHR software.

The bureaucracy and behind-the-scenes machinations of the medical billing process means the revenue cycle is much more complex than in the days before the industry began adding software automation tools to the mix.

As a technologically-minded individual who wants the most for your medical practice, you already have recognized the importance of using cloud-based healthcare software. Cloud computing service providers use multiple, redundant facilities for storing data to keep it safe in the event of a catastrophic breakdown in any one server center.