Shifting the Focus from Denial Management to Denial Prevention
The adage, “Prevention is better than cure”, does apply to Claim Denials as well. An effective denial prevention program requires an iterative process that includes identification of root cause, finding solutions to prevent the issue from recurring in the future, the institutionalization of these procedures through updates to standard operating procedures, and training the staff on these practices.
Top 7 Practice Management Software To Know
For medical practices, the practice management software is their lifeline. It helps them register patients, manage appointments, contract with payers, submits claims, and obtain reimbursements for the services they provide. Please scroll below to learn more about a few leading practice management software.
Addressing Revenue Cycle Labor Shortage with Technology and Outsourcing
In healthcare, the labor shortage is not limited to clinical roles but extends across administrative functions. If you look at the revenue cycle, lack of timely filing and follow-ups can increase denials and result in delayed cashflows. In this blog, we look at some of the strategies revenue cycles CFOs are deploying.
Key Revenue Cycle Trends for 2022 and Beyond
Tech, investments, and coding automation are some of the themes that will drive the RCM momentum in 2022 and beyond. Read more about the key RCM trends in this whitepaper.
Case Study: Achieving Transformational Revenue Cycle Results for a California-Based Mental And Behavioral Health Provider
Understanding California, Payer, and Behavioral health-specific nuances and diligent focus on enrollment, timely filing, and payments reconciliations reduced denial rates and increased collections by 52%.
