What to Know About Uncompensated Care

What to Know About Uncompensated Care

While the Affordable Care Act has helped more Americans find healthcare insurance, there is still a significant portion of the population that is uninsured. As a result, many of them are unable to cover medical costs, resulting in uncompensated care for hospitals and physicians. This can not only hurt patients, but it can also hurt… Read more »

What is Value-Based Care?

What Is Value-Based Care?

The healthcare industry is ever-changing, and one of the most recent developments has been the push towards value-based care. As opposed to a fee-for-service model, value-based care emphasizes quality rather than quantity. Read on to learn more:   What is it?   Value-based care is a type of reimbursement that gives healthcare providers incentives based on the quality of… Read more »

Reopening Guidelines for Physicians: How to Safely Reopen Your Medical Practice

Reopening Guidelines for Physicians: How to Safely Reopen Your Medical Practice

With more and more areas of the country reopening, many physicians will have to figure out how to safely and effectively reopen their medical practice. Reopening is not like flipping a switch—you cannot expect to go back to a pre-coronavirus lifestyle just because you are allowed to have patients in your building again. Instead, you… Read more »

Revenue Cycle Management Tips for the Coronavirus

Revenue Cycle Management Tips for the Coronavirus

The coronavirus has put a tremendous strain on healthcare facilities’ revenue cycle management. Some are overburdened by the influx of patients, while others are struggling with almost no patients at all. Situations like these are why so many places are furloughing staff and cutting costs where they can in order to stay afloat.   One… Read more »

How the Coronavirus is Impacting Revenue Cycle Management

As the coronavirus spreads across the country, hospitals and medical offices must manage the influx of patients to care for and tests to administer. This puts a tremendous strain on the day-to-day management of a healthcare facility, including those associated with revenue cycle management. While caring for patients is our number one priority, the financial… Read more »

Understanding the Patient Driven Payment Model

On October 1, 2019, Medicare shifted from a Resources Utilization Groups (RUGs) model to a new reimbursement model called the Patient Driven Payment Model (PDPM). This change has and will largely affect skilled nursing facilities (SNFs) such as physical therapists, speech pathologists, and audiologists. Considering how recent this change is, however, many physicians do not… Read more »

How Technology Can Improve Revenue Cycle Management

Revenue cycle management, also known as accounts receivable, is an important part of every medical practice. Good RCM can help you treat patients more effectively and keep your practice financially stable. In the digital age, technology is a key tool in improving your RCM. Here’s how: Reduce the risk of human error Human beings are… Read more »

The Most Common Medical Credentialing Mistakes

We’ve discussed how important getting your physicians credentialed can be. Not only does it allow physicians to be “in-network,” but it can also make sure that a physician is qualified to treat patients. However, the medical credentialing process can be complicated, and there are many mistakes that health care providers can make throughout it. Relying… Read more »

The Dos and Don’ts of Medical Credentialing

Medical credentialing is a necessary, but complicated, process. After all, ensuring the qualifications of a physician is easier said than done. While medical credentialing will never be easy, there are ways to make it less stressful on you and your physicians. Here are some things you should do, and some things you shouldn’t do, when… Read more »

4 Tips to Improve Your Revenue Cycle Management

Having good revenue cycle management, also known as accounts receivable management, is necessary for any medical practice that wants to keep treating patients. Unfortunately, many practices do not manage their finances effectively, resulting in outstanding payments and financial strain. By adopting good RCM strategies, however, you’ll be able to put your medical practice back on… Read more »