E-care India PVT LTD

One of the primary goals that US medical billing companies should set and work towards it in 2019 is improving the efficiency of revenue cycle management. It is estimated that more than $100 billion dollars of revenue is left uncollected due to various factors like medical billing and coding errors, introduction of new medical reforms, and AR pileup. To avoid this situation and maximize revenue, it is necessary that US medical billing companies analyze the source problem and come up with new plans. This article discusses 5 important medical billing strategies that will help improve your  revenue cycle management : Enhance Front-office Operations: The first and the foremost strategy that medical billing companies should implement is improve their front-end operations. By carrying out all front-end services properly, billing companies can avoid the errors happening in the back-end operations. It is found that 90% of the claim denials are preventable as they are a result of i...

The success of medical billing companies depends on their financial health. However, there are several factors that affect these companies’  revenue cycle management.  One of the main reasons is high account receivables that interrupt the cash flow. Amidst the new medical reforms, complicated billing and coding processes, training staff, and keeping up with the new standards, many medical billing companies struggle with their aging AR. They can improve their  account receivable management  by avoiding some of the common mistakes that lead to high account receivables: 1.  Ignoring Claim Denials:  One of the prime reasons for high accounts receivables is claim denials. Claims that are filed can be rejected by an insurance company for several reasons including, billing/coding errors, missing patient information, submission of duplicate claims, and delayed filing. It is important that the  account receivable management  team pay attention to...

ARE YOU PHYSICIAN, ARE YOU STRESSED WITH YOUR REDUCING REVENUE CYCLE E-care provides incomparable healthcare revenue cycle solutions to all their clients and has a verified track record of high performance of many years. Visit website to know more!  Revenue Cycle Management