This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
In 2025, a strategic approach to collections, leveraging technology and focusing on patient relationships, will be essential for having efficient, quality and performance improvement in your revenuecycle management. Accelerated debt resolution: AI-driven analytics can identify high-risk accounts and prioritize collections efforts.
May 24, 2023 9 Essential Questions RevenueCycle Leaders Should Be Asking About Their Claims and Clearinghouse Partner Welcome to the world of healthcare revenuecycle management, where every aspect of your business is crucial to success.
When it comes to the operational aspects of running assisted living facilities or nursing home, such as purchasing, procurement, finance, and accounting, there are several best practices that can help ensure efficiency, compliance, and financial stability. Here are a few that can aid your home management. staffing, supplies, utilities).
2024 RevenueCycle Management Challenges and Emerging Trends Home / January 16, 2024 Author: David Mancuso, Sr. This year promises to be a crucible of transformation, testing the resilience and adaptability of industry leaders while offering fresh perspectives on managing revenuecycles more efficiently and effectively.
The Evolution of Medical Billing Clearinghouse Vendors in RevenueCycle Management: Spotlight on The SSI Group, LLC (SSI) Home / December 20, 2023 Author: Christy Wright, CMO at The SSI Group, LLC In the intricate tapestry of healthcare finance, the journey of a medical claim from inception to resolution is critical.
The Evolution of Electronic Medical Claims and RevenueCycle Management in the US Healthcare System Home / November 29, 2023 In the constantly evolving landscape of US healthcare, the story of electronic medical claims and revenuecycle management stands out as a testament to technology’s transformative power.
From ensuring compliance with billing practices to navigating value-based care programs, we’ll provide easy to implement, actionable tips. Programs such as the Merit-based Incentive Payment System (MIPS) and Accountable Care Organizations (ACOs) reward providers for improving patient outcomes and efficiency.
How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. With that experience comes a wealth of claims data that we share with revenuecycle leaders. The majority of front-end denials lead to full denials.
May 24, 2023 9 Essential Questions RevenueCycle Leaders Should Be Asking About Their Claims Clearinghouse Vendors Welcome to the world of healthcare revenuecycle management, where every aspect of your business is crucial to success.
Flawless Execution of Professional Billing for Northern Regional Hospital. As Northern Regional Hospital continued expanding its system and services, its leadership found themselves with a problem – completely independent computer systems to manage the hospital and individual practice billing. August 24, 2022. August 24, 2022.
July 6, 2023 How SSI’s Integrations Make Epic Medical Billing Easy Imagine a world where you never have to leave your Epic environment to work claims. Our deep integration and expertise helps deliver an end-to-end seamless workflow that leverages workflow tools and real-time revenuecycle data in Epic.
How Healthcare Billing Departments Can Maximize AR Potential Before Year-End Home / November 17, 2023 In the digital age, innovation often means mastering the fundamentals. With that experience comes a wealth of claims data that we share with revenuecycle leaders. The majority of front-end denials lead to full denials.
How SSI’s Integrations Make Epic Medical Billing Easy Home / July 6, 2023 Imagine a world where you never have to leave your Epic environment to work claims. Our deep integration and expertise helps deliver an end-to-end seamless workflow that leverages workflow tools and real-time revenuecycle data in Epic.
This is why they need medical billing software to automate and optimize the billing process. The right medical billing software can streamline the billing process, saving time and improving accuracy. Experience a 20% efficiency increase in revenue collection with medical billing software.
This is my complete guide to accounting automation in 2023. So if you want to: Learn the 8 benefits of automated accounting. Save time by automating your accounting processes. Automate all 15 areas of your accounting. What is Accounting Automation? Will Automated Accounting Replace You? Let’s get started.
Eligibility Denials: A Major Challenge for Hospitals March 13, 2023 Denials are one of the most expensive revenuecycle issues, posing major concerns to revenuecycle leaders throughout the country. Problems that lead to denied claims occur throughout the revenuecycle but routinely point to eligibility.
Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment Home / September 12, 2023 The claim life cycle as it travels through the world of healthcare administration is an intricate and complex journey. Timely submission is crucial, as delays can lead to payment issues and hinder the overall revenuecycle.
Understanding the Healthcare Claim Life Cycle: From Patient Registration to Payment Home / September 12, 2023 The claim life cycle as it travels through the world of healthcare administration is an intricate and complex journey. Timely submission is crucial, as delays can lead to payment issues and hinder the overall revenuecycle.
July 13, 2023 Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems As hospitals and health systems strive to optimize revenuecycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.
I already have an online portal where patients can pay their bills. Omni channel billing is the best strategy for collecting reimbursements, where every option is made available to a patient. It is a best practice to begin a billing process with your least expensive and most effective channel: mobile payments (vs. RevenueCycle.
However, there are strategies you can put in place that will minimize revenue leakage. Second Do all industries encounter revenue leakage? Unfortunately, revenue leakage is more prevalent in industries that require complex billing systems, like telecom, software as a service (SaaS), finance, and logistics.
Leveraging the Power of Medical Claim Edits: Expediting Payments for Hospitals and Health Systems Home / July 13, 2023 As hospitals and health systems strive to optimize revenuecycle management, the role of edits in streamlining claims processing and expediting payments has become increasingly crucial.
The 277 response is designed to enable the automatic posting of the status information directly to patient accounts, eliminating the need to manually enter individual queries. Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs Request Demo What are you looking for?
What examples of solutions have you seen that take into account the various levels of clinical specifics that may be required after the authorization has been approved? Click the button below to receive a customized tutorial catered to your specific revenuecycle management (RCM) needs Request Demo What are you looking for?
Understand Your RevenueCycles For high-turnover F&B businesses, understanding and forecasting revenuecycles are vital for preparing for fluctuations in cash flow. Manage Accounts Receivable and Payable Timely management of receivables and payables is essential to avoid cash flow gaps.
The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% report an increase in bad debt. Here’s why.
What is RevenueCycle in Healthcare: Understanding Rev Cycle Management Home / March 4, 2024 Author: Kristy Boldt, Sr. Marketing Director at The SSI Group, LLC When a patient visits a doctor or a hospital, there’s a whole system in place that ensures the services received are billed and paid for.
Maintaining a high CCR is indicative of efficient billing and coding processes, leading to faster reimbursements and improved cash flow. High denial rates necessitate additional administrative efforts to manage appeals and resubmissions, further taxing understaffed revenuecycle departments. [2]
The healthcare industry is abuzz with the recent finalization of the CFPB rule removing medical bills from credit reports. Ban on Denial of Medically Necessary Care: Providers cannot deny medically necessary services due to unpaid medical bills, ensuring access to essential healthcare regardless of outstanding debt.
We organize all of the trending information in your field so you don't have to. Join 52,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content