In today’s rapidly evolving healthcare landscape, integrating artificial intelligence into revenue management processes is essential. Leveraging AI can streamline claims processing, reduce denials, and enhance revenue outcomes. According to Global MarketInsights the projected market value for healthcare revenue cycle will be over $275 billion in 2028. This staggering figure shows how vital revenue cycle management is for healthcare Read more…
RCM
How to Improve RCM to the Maximum Potential
As the healthcare industry transitions from fee-for-service models to value based approaches in an effort to tackle rising costs, revenue cycle management takes on a much greater significance. From pre-registration to collections, the dynamics of your revenue cycle depend on a myriad of key factors. Your hospital or healthcare institution may be dealing with largely Read more…
8 Important Features of Practice Management Software
Running a successful medical practice is an extremely difficult and labor-intensive process involving many moving parts and complex workflows. Thus, anything that can streamline the process is extremely valuable. Improving efficiencies and simplifying workflows is necessary for improving the performance of the practice. Office management tools have existed for decades, but they are simply not Read more…
6 Things to Look for in an RCM Provider
Medical practices are still recovering from the economic fallout of the COVID-19 pandemic, with revenues struggling to hit pre-pandemic levels. Many patients are still keeping their distance and not all practices have access to the resources necessary for offering telehealth services. As providers look to rebuild their financial security, it might be wise to look Read more…