Monthly Archives: February 2013

//February

Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitability

2013-02-27T10:59:00+00:00

There are many myths in the medical billing industry. Which ones are guiding your practice decisions? Are they holding you back from optimizing your revenue cycle management? The number one myth out there is that keeping your medical coding, billing and collections practices in-house saves you money. In fact, outsourcing your revenue cycle management process can help avoid the following expenses incurred from in-house revenue cycle management (according to Outsourced Strategies International): Recruitment and training of additional billing personnel Providing periodic training to staff Maintaining innovative structure and advanced technology Purchase of hardware and the latest billing software Payment of employee [...]

Myth vs. Fact: Outsourcing Revenue Cycle Management and Practice Profitability2013-02-27T10:59:00+00:00

The New Benchmark: MedRev Index Measures Revenue Cycle Management Reimbursement Potential

2013-02-19T15:57:26+00:00

The new benchmark: MedRev Index measures revenue cycle management reimbursement potential Chances are, you’ve heard the adage “You can’t manage what you can’t measure,” which underscores the importance of the dashboard as a tool to capture key pieces of data for your practice and demonstrate its overall health and viability.No doubt, you’re connected to the many dashboards out there. In addition to all the dashboards that measure physician performance, there are also those that serves as a reliable means to document investment per physician and gauge effective group staffing.Then there’s one that stands apart from the rest, a dashboard that serves [...]

The New Benchmark: MedRev Index Measures Revenue Cycle Management Reimbursement Potential2013-02-19T15:57:26+00:00

RCM Console reports health of practice’s revenue cycle management

2013-02-13T17:26:38+00:00

When asked at any given moment about the health of a patient, physicians will have a quick, well informed answer. When asked at any given moment about the health of their practice and the status of their revenue cycle management, many of them may not have such a ready response. The success of a medical practice hinges on knowing how well its medical coding, billing and collections process is generating revenue at any given moment. Physicians who are struggling to maintain control are not alone. A growing number of peers feel the same way. But how do physicians stay connected 24/7, [...]

RCM Console reports health of practice’s revenue cycle management2013-02-13T17:26:38+00:00