The Centers for Medicare & Medicaid Services describes (CMS) electronic prescribing as the “ability to electronically send an accurate, error-free and understandable prescription directly to a pharmacy from the point-of-care,” which is an integral component of improving quality of care.

Wouldn’t you like to know as much as possible about what is happening in your medical practice? While you can’t have eyes and ears on everything at all times, you can find out details about the practice simply by asking. Each patient who comes for service is a potential critic who can provide invaluable feedback.

The following excperpt is from an article found on RevCycleIntelligence.com. It was written by Jacqueline DiChiara. -------------------------- 2016 may be a big year for revenue cycle management. Healthcare organizations see steady claims denial post-ICD-10 implementation and remain focused on value-based care models. Healthcare organizations are focused on strengthening revenue cycle management processes in a post-ICD-10 environment, according to Porter Research and Navicure’s national ICD-10-centered survey.

Getting paid in a timely manner shouldn’t have to be a problem for your thriving medical practice. Office managers and physicians will want to select a medical billing software provider with an eye toward speeding up cash flow and boosting the organization’s bottom line, of course. The trick is in identifying the best provider for your particular practice. With that in mind, here are eight tips to help you and your stakeholders choose a medical billing software provider.

The challenges involved in providing outstanding healthcare resources to members of your local community will naturally decrease when you take steps to lower the workload on your staff. This is particularly the case when it comes to cash flow and managing revenue cycle management tasks. Handling billing in-house may have been your best option when the medical practice was just being launched. However, as the years go by and your practice goes through changes, it’s prudent to consider outsourcing medical billing services.

The following excerpt is from an article found on Medium.com. It was written by Hannah Williams. ------------------------ Revenue cycle management (RCM) can be defined as the process of handling claims, processing payment and generating revenue in the healthcare industry. It begins just at the time when a patient makes an appointment and continues till the balance on his account becomes zero. It includes various steps like checking patient insurance eligibility and coding claims.

Efficient revenue cycle management is at the heart of your organization’s continuing success. Whether you use your own standalone RCM system at your facilities or you outsource this important task to a third party company via cloud computing, it pays to stay on top of emerging developments that pertain to the billing process.

Is your medical practice functioning as efficiently as it could be? Rather than hiring more support staff to take care of a problem with productivity, your best approach might be to evaluate your current software and computer system to make sure they are suitable for the practice.

The most successful medical practices don’t reach their position in the industry without paying close attention to all aspects of their revenue cycle. Of course, success is based on numerous factors and not just on the financial side of things at your organization. You may have assembled a group of highly dedicated medical professionals who are at the top of their game. You also have a large base of satisfied and loyal patients, many of whom also happen to refer new patients to you. What’s more, the demographics of the community you serve may even include many professionals with abundant resources and no problems paying their bills on time.

The key to maintaining good relations with your patients is to increase engagement, making them feel listened to and empowering them with access to information that will help them maintain their health. Many medical organizations with an eye toward boosting engagement will implement a patient portal with their electronic health records or EHR software. Read on to learn more about the patient engagement elements that your patients really want and how a portal will benefit your facility.