Skip to main content

Best Practices that Bring On-Time Payments -Avontix


One of the biggest problems that healthcare practices are facing is delayed payments from insurance providers. The problems related to collections regarding treatment and services provided may occur due to various reasons and these reasons could be from the side of a healthcare provider or the patients. Every healthcare facility’s aim is to improve its revenue cycle management so as to maintain its financial health and provide quality care to its patients. Healthcare providers need to follow some best practices to improve revenue cycle management by increasing the on-time payments from patients or insurance providers. 

  • Concentrating on collections at the point-of-service is one of the most rewarding practices of revenue cycle management. It is a fact that less than 1/4th of healthcare providers collect patient fees at the point-of-service i.e. at or before service. Many of the healthcare providers even accept the fact that it gets overwhelmingly difficult for them to collect the patient fees after the service has been provided. To increase the rate of on-time payments the healthcare providers have to make the collection of payments at point-of-service a priority. Healthcare providers can hire RCM services from experts to deal with the patients regarding the payments. 
  • Patients face a lot of problems in paying medical bills when they have to pay from their pockets and they even have confusions regarding the insurance coverage and their out-of-pocket payments. Hence, RCM services providers suggest that communicating with patients proactively and making them understand the amount payable by them and the various options available for payments will help to increase the collections. Instead of just handing out the bills to patients, the staff should be trained to talk to the patient and communicate with them the benefits of on-time payment without having any collections battle. 
  • Having an appropriate record system in place will impact collections considerably. It’s a good idea to hire RCM services to maintain up-to-date records of the patients’ bills and payments received. This will help in identifying the patients who have not paid on-time and follow up with them for the due bills. 


Avontix is one of the best RCM services providers that can help a healthcare provider with its meticulous payment records and efficient collection processes. 
Post a Comment

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…

Location isn’t a Matter for Coding and RCM -Avontix

The technological developments in the healthcare management industry have facilitated and increased the outsourcing of medical coding and RCM among many healthcare facilities. The healthcare facilities need not bother about from where the support for their RCM and medical coding jobs is coming from. What they need to think about is only if these service providers have the latest technology, training and subject expertise. These days most of the outsourcing companies are well equipped with high-speed internet connectivity, coding and RCM software with security features that make the importance of the location of the service provider negligible.
The lower reimbursement rates and diminishing margins are forcing the different healthcare facilities to think for ways to reduce costs. One of the best ways for hospitals and other facilities to minimize costs is outsourcing their medical coding jobs along with their revenue cycle management. The significant task for a hospital is to identify …

Healthcare Documentation – A Promising Career Option -Avontix

Picture courtesy: explorehealthcareers.org
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 …