A lot is changing in the business of revenue cycle – Process Automation, COVID-19, Telehealth, Cloud Tech, specialty-specific guidelines, changing regulations, and more. Stay updated with this newsletter from Medical Billing wholesalers
Top Considerations for Choosing the Right Revenue Cycle Technology
With technical advancements, changes in regulations, and the industry environment, technology needs to be supplemented or replaced. Such transitions can and often do affect the health of the practice. Healthcare business leaders usually base their technology decisions on the clinical documentation functionalities, and often, relegate revenue cycle functionality to the second place. MBW brings you a list of top considerations for choosing the right revenue cycle technology for your organization.
Improving Days in A/R – A best practices guide to improve your revenue cycle
The days in accounts receivable (A/R) is a critical performance indicator that measures the average time taken for a claim to be paid based on average daily charge volume. While the measure may vary for different types of care and medical specialties, the suggested benchmark by the Medical Group Management Association (MGMA) is fewer than 40 days. Read more about how you can achieve the MGMA benchmark through a set of best practices that address the entire revenue cycle chain.
Recovering claim dues from payers for physician assistance claims requires intricate knowledge of payer-specific guidelines. Medical Billing Wholesalers’ denials research team helped the client identify and resolve out-of-network claims. Over 90 claims amounting to $80 K was refilled and collected.
Industry News
- 4 Revenue Cycle Strategies for a growing self-pay population
- Industry Voices—We need to restart the healthcare economy for the sake of patients
- Industry Voices—4 predictions for healthcare analytics in a post-COVID-19 world
- Virtual intake management: Cultivating loyalty with convenience
- Practical tech, innovation investment in the coming months: 2 focal areas for Banner Health
- 19 codes used for COVID-19 patients
- 6 strategies to re-invent the ASC revenue cycle
- Dr. David Blumenthal: Why telemedicine will not 'totally transform our healthcare system'
- Congress introduces bill to makes CARES Act telehealth coverage permanent
