Today’s Healthcare organizations need to ensure every aspect of their practice is running smoothly and efficiently. As Healthcare organizations strive for excellence in patient care, it is equally important to ensure the administrative side of the practice operations is efficient and seamless. After all, financial sustainability is critical for every organization, and healthcare is no different. For a cardiology practice to thrive, financial viability and sustainability is the key. Ensuring a healthcare organization is generating maximum revenue requires not only good healthcare service but ..read more

The healthcare industry plays a crucial role in our society. While it focuses on the care of patients, many financial aspects of it also need to be taken care of. Every healthcare provider follows a procedure after having the patient in their facility, from the point of admission to the moment the patient is discharged. In this blog, get your hands on the key strategies, critical steps, and best practices that ensures Ambulatory Surgery Centers receive proper reimbursement for the valuable surgical services they provide. From understanding the unique billing challenges in these outpatient ..read more

A healthcare practice’s success ultimately hinges on many interconnected factors. While providing sound healthcare services is the primary and most important aspect of a healthcare facility, several other significant bits are crucial to running a successful practice. Among these is charge capture – a necessary operational activity ensuring that a practice receives timely payments for services provided. An effective charge capture system opens the door to a sound and sustainable revenue stream and plays a pivotal role in ensuring a steady cash flow and enhancing overall patient satisfaction ..read more

It truly is remarkable how something as simple as animage can hold such profound significance andcontribute to the field of medicine in such a meaningfulway. Radiology is the medical discipline that usesmedical imaging to diagnose and treat diseases. An essential part of radiology that is important for bothmedical practitioners and patients is radiology billing. If you are a medical professional, a physician, or aradiologist, you are about to embark on a genuinelyinsightful journey. In this detailed guide to radiologybilling, unravel the complexities behind the scenes;exploring the critical ..read more

Verifying medical insurance is an essential healthcare process that guarantees a patient’s coverage and benefits before administering any healthcare services or treatments. If you are seeking clarity on medical insurance verification, you’ve come to the right place! Regardless of whether you are a patient or a healthcare professional, this article will guide you through the complexities of the process, providing you with a comprehensive understanding by the end of it. WHAT IS MEDICAL INSURANCE VERIFICATION? Medical insurance verification is a crucial process in healthcare that confirms a ..read more

Providing top-notch patient care involves various aspects that healthcare providers must handle. Alongside the healthcare process, medical billing is critical in maintaining a record of the services rendered and managing financial aspects. However, it can become overwhelming to do the same. One such area where many healthcare providers face issues is anesthesiology billing. Whether you are an established healthcare provider or a budding medical practitioner, this article will guide you on everything you need to know about anesthesiology billing. Let’s learn all about anesthesiology billing ..read more

Are you a practice owner looking to maximize your revenue potential and improve the financial performance of your healthcare practice? If so, you’re not alone. Running a successful practice involves navigating the complexities of billing, coding, and reimbursement, which can be overwhelming without the right support. This is where revenue cycle management services come in. In today’s healthcare landscape, the importance of RCM services cannot be overstated. These services encompass a range of strategies and tasks aimed at optimizing revenue, streamlining billing processes, and enhancin ..read more

The grim reality of Great Resignation has left an alarming 85% (2 out of 3) of healthcare organizations facing catastrophic staffing crises. These facilities are left to operate with only a meager 1:4 nurse-patient ratio nationwide. The American Hospital Association Survey reveals that 71 % of them still find themselves battling to fill those vacant positions even in longer time duration. Desperate to retain the existing manpower, the hourly pay rate of nurses steeps to staggering $148.20 – $240, causing operational costs to become a crippling burden for many practices. This systemic trend pos ..read more

Orthopedic practices are under constant pressure to increase revenue and maintain a healthy bottom line,as this is the lifeblood of any successful practice. One of the best ways to do this is to take a comprehensive approach to revenue cycle management and ensure that all staff members are properly trained and knowledgeable about the various systems, programs, and services that are available. Apart from the robust revenue cycle management system, effective utilization of resources, proactive contract management and in-house ancillary services, what else could be employed to boost revenue margi ..read more

Healthcare business revenue is not only affected by internal loopholes and process inefficiency in your revenue cycle management but can also be deteriorated by external factors – like government policies and healthcare legislation. Medicare plan enrollment is increasing year by year and will comprise 47% market share by 2029. In the current scenario, CMS policies seem to be affecting the healthcare industry creating a new framework for physicians to practice. The monetary success of healthcare businesses hangs in the balance of government laws and policies. It is imperative to understand the ..read more