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Showing posts from May, 2023

Key factors to consider while choosing a medical billing services company

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  Choosing a medical billing services company can be a game changer for a healthcare brand in terms of how they handle charges and claims and how quickly they can move from charges to reimbursements. However, there are so many third-party service providers in the market. How does one make the right choice? Here are some of the key factors to consider when it comes to picking a billing service provider for your needs. Experience One of the first things to consider while hiring a medical billing services company is their experience. The number of years they have been in service will tell you their ability to sustain in an extremely competitive field and make things work. Quality of workforce Just like how you see the number of years of existence of a medical billing services company also check the average work experience of their staff. If the average number of work experience of their staff is 2 years, it means they have a lot of new hires. However, if the average work experie
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Top 5 Challenges Affecting Revenue Cycle Management Services in 2023

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  Revenue Cycle Management (RCM) is an integral part of healthcare systems and helps keep bills paid, denials low, bills paid, and revenues flowing. While some practices opt to handle Revenue Cycle Management services  in-house, most of them take the help of third-party service providers to handle the most important part of their backend operations.    RCM strategies and processes keep getting updated over time. Every year, RCM experts need to learn, unlearn, and relearn what they know if they want their skills to be relevant. Here are five top challenges affecting Revenue Cycle Management services in 2023. Handling these challenges would help improve the services rendered and make a difference.   1.   The importance of prior authorization and verification   The insurance payers are going to require more services, and patients have prior authorization before they receive a service. With the need to quickly get appointments and treatments offered to patients to improve patient experien
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