We’ve all been through a lot of financial uncertainty brought on by the early stages of the COVID-19 pandemic. Healthcare institutions have had their share of financial turmoil. Practices large and small are now trying to build back up.
It’s no secret that the more you can standardize and automate processes, the more efficiently you can run an enterprise. There’s a timeline you can draw from the dawn of Henry Ford’s automotive assembly lines to the age of computerization and the ICD-10 codes we use today as standardized, universal descriptions for diagnosing and treating patients.
Learn why patient engagement is a necessity and how you can master it within your practice.
MedicsRCM outsourced services and MedicsPremier as an in-house system present the following, and how they can help increase revenue and productivity.
The state of the economy, with a rise in unemployment and so many companies shut down in the wake of the global coronavirus pandemic is putting financial pressure on many individuals. Health practices are not immune to pandemic-related downturns either. So in the face of more and more denied claims, it makes sense to put some effort into reducing their number, for the sake of the financial strength of your organization.
Healthcare providers looking to increase cash flow are right to pay close attention to their computer and software systems. That’s essential for making sure they’re using the correct tools for critical jobs. Owners and managers are aware they should know the reason for having a particular application installed and why your staff is using it.
Easing pain caused by injury, disease, chronic condition, addiction, or any combination of these is a noble and rewarding pursuit that involves skill, determination, and an eye for patients’ reactions and body language.
How is the flow of revenue in your healthcare practice these days? Or more precisely, how is your revenue cycle management progressing?
Medical billing is time-sensitive and complex. This presents difficulties for practices, especially those with smaller staffs 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.