Skip to main content

Hints that Suggest You Need RCM Improvement -Avontix

Digitalization of most of the things in healthcare facilities has changed the way facilities operate in a big way. Hospitals and other facilities have seen a drastic change in their operations and regulations which have come at a fast pace. Because of all these changes facilities are facing issues in satisfying patients with their services and abiding by different regulations, leading to a problematic revenue cycle management. Though providing the highest quality care to patients is the topmost priority, if your revenue cycle management is struggling, then your facility will struggle. But, many facilities fail to identify their revenue cycle breakdown at the right time, which put them in more troubles. So, here are few hints to identify the reasons for your revenue cycle issues.

Patient Portal Services: One of the things that affect your revenue cycle is the access you give to your patients via patient portal services. If you are not yet giving your patients access to the portal, you should change your system to give them access to view their appointments, prescriptions and bills. This helps them to keep a track of their appointments and bill due dates which minimize delay in their payments. By utilizing the RCM services you can set up automatic reminders that they can view and pay their bills online. This not only minimizes your administrative staff’s work but also improves your collections

Real-time Insurance eligibility verification: If your facility does not have proper RCM services in place, then you find it difficult to verify if the patient is eligible and adequately insured. Verifying the coverage provided to the patient by the insurer in real-time is critical to avoid any kind of risk related to claims denials. 

Access to reports: One of the major reasons for a bad revenue cycle is the lack of access to real-time reports. If your revenue cycle management is handled by professional RCM services providers, you will have access to various reports that can be customized according to location, services, and insurance providers etc. that will give you a clear vision on the decisions to be made regarding any changes if required in your revenue cycle.

Managing a facility’s revenue cycle is a complicated and challenging job that requires expertise. To avail the expert RCM services, partner with Avontix.


Popular posts from this blog

That’s Hilarious! Funny Must-Read Medical Transcription Errors!

Doctors every now and then come across some very critical bloopers from medical transcriptionists. Some of these can be downright funny! It’s common for transcription errors to creep in for various reasons like the dictation might not be clear, too many medical terms stuffed in, or misunderstanding at the transcriptionist’s end. Medical transcriptionists vary in experience and skill and may not be well versed with some medical terms. Here is a compilation of some very funny transcription mistakes you could note to avoid being on the receiving end of the laughter! 

   ·"Eyes and nose continue to be within normal limits" (I & O).    ·"History of sick as hell disease" (sickle cell)    ·"She was a bitch and grinned" (a bit chagrined).    ·"The last day the patient took their meds was for beaver."  (forever).    ·“49 year old occasional male”(Caucasian male).    ·“Borderline respectable pancreatic cancer”. (Resectable).    ·“Patient is alert and orien…

Healthcare Documentation – A Promising Career Option -Avontix

Picture courtesy:
With ever-changing legal and medical requirements, it is mandatory that all the procedures and processes performed by healthcare practitioners are recorded accurately not just for evidential purposes but for future references also. However, it is not possible for the physicians, nurses, and other healthcare professionals to keep documenting each and every process performed by them in a written format. Hence, physicians take advantage of the technological advancements and record the procedures performed by them in audio files using an electronic device. Although these can serve as records, it is not easy to comprehend a physician’s voice file when the information is required. So, these voice files are transcribed into electronic documents and this process of transcribing is called medical transcription or healthcare documentation.  
The voice files given by the physicians for healthcare documentation include their office visits, emergency room …

Continuous Improvement – The Secret of Self Improvement -Avontix

What is that we typically do for self-improvement? Set a large goal; try to accomplish that in the least possible time. At the outset, this seems perfectly alright but does not work in practicality. It often leads to exhaustion, frustration and failure. This pattern needs to change; instead, we should aim for simple path of continuous improvement by slowly fine-tuning our everyday behavior and habits. Continuous improvement means, making minor changes and adjustments in our everyday life with the anticipation of a remarkable change over a period of time.

It’s not that easy to believe that small changes can lead to big shifts of improvement because we can’t see any notable accomplishments on a daily basis, BUT IT WORKS. Minor alterations don’t show results at that particular point of time but add up over a period, hence, we can see the results only in the long run; in fact, it is possible that we may happen that we may not even recognize it initially.

How do we go about it?

Avoid mistak…