The impacts of Covid-19 on public health are only one aspect of the problem. It is affecting individuals and companies, particularly hospitals and other healthcare institutions. Between July and December 2020, the American Hospital Association projects a $120.5 billion loss for hospitals and health systems. The financial impact comes from things like losing insurance after […]
Medical practitioners and healthcare service providers run a massive revenue from their enterprise business and RCM or revenue cycle management is the process of tracking records of patient care, patient history, registration, etc for generating revenue in the business at the time of billing and final payment. There are mishappenings and inefficiencies occurring at times […]
Organizations are being obliged to cope with a decline in cash flow and reduced revenues in the wake of the COVID-19 issue. Hospital beds were placed on hold to preserve income streams critical to inpatient hospital stays and elective operations. Unsurprisingly, there is extra financial stress in preparation for dealing with the second unexpected increase […]
The healthcare industry faces growing challenges of rising costs, patient debts, and an unstable healthcare market. While this may seem challenging and unsolvable, you can take care of everything by choosing revenue cycle management. Why? They play an essential role in dynamically growing and evolving under a value-based approach to care using digital innovations and […]
Medical billing is important in terms of services rendered in the healthcare industry, and the unstructured and unorganized medical billing is sure to have a large impact on the revenue cycle management of the healthcare industry. That is one reason why we place this in the important slot, as it gives an edge in maintaining […]
Revenue cycle management is an important part of the whole holistic care of the patient in the hospital setting that makes the healthcare cater best to the needs of the patients, proper administrative tasks, and generate efficient revenue. Revenue cycle management has to do with all kinds of medical billings and payments from different sources, […]