Skip to main content

Patient Access and its Link to Increased Revenue -Avontix

Picture courtesy: patient.info

For a health organization to enjoy a good financial position, its revenue cycle management should be efficient enough to bring in timely payments for the claims submitted and collect the amount due from patients. When either the claims submitted are denied or patients are not paying their dues, it results in unpaid collections and bad debts for the healthcare provider. 

One of the ways to reduce revenue losses is having smart patient access. By providing smart patient access, healthcare facilities can see reduced claim denials and improve their revenue cycle management performance. To be able to do this, the RCM services professionals have to collect all the necessary information at the registration process itself. Usually, patients feel that all the work related to registration process is time-consuming and unnecessarily delays the diagnosis and treatment procedure. However, hospital registration process is very critical to collect the necessary financial compensation and payment details of patients so as to provide appropriate services. 

The various patient access responsibilities of a hospital’s staff include pre-admission services, scheduling, patient identification and gathering patient and family information. Apart from these; providing customer service, identifying special needs, insurance verification, collecting signatures for the required documentation and collecting point-of-service payments are also a part of patient access responsibilities. Having proper patient access processes by streamlining operations can bring maximum revenues to the healthcare facility. This can be achieved by utilizing the RCM services experts to identify weak points and work on them to improve the overall performance. Employing a good software application for smart patient access along with effective RCM services that are tailored to the needs of the healthcare organization facilitate prompting of upfront payments and other crucial information as and when necessary. 

Providing accurate pricing estimation to patients and the ability to view insurance benefits information in real-time are few advantages of using technology and these benefits can be availed by hiring efficient RCM services providers.

Previous:"Rules and Regulations that Govern Healthcare Documentation"



Labels:

Comments

Post a Comment

Popular posts from this blog

Accurate Healthcare Documentation – Key to Improved Revenues

According to the leading health information management professionals, accuracy in healthcaredocumentation and allied services is critical to the generation of revenues to the healthcare facilities. The reasoning given by them is that accurate healthcare documentation fosters the productivity of physicians which leads to increased revenues for the organization. The measures taken by healthcare documentationcompanies for accuracy in transcription should be followed right from the beginning. A template kind of thing should be given to the physicians so as to generate a complete patient chart. Following this method gives great results as the medical transcriptionists will be able to provide complete transcription reports with high-levels of accuracy when they have the full-fledged patient chart. The transcription reports that are generated quickly and accurately pave the way to the faster medical coding of procedures and processes and then the medical billers also have their inpu...
Post a Comment
Read more

Rules and Regulations that Govern Healthcare Documentation -Avontix

Picture courtesy: Google Images Healthcare documentation as the name suggests deals with the documentation of healthcare procedures and treatments provided to a patient. As a way to minimize the workload of physicians in documenting their processes in providing healthcare to patients, healthcare documentation plays a critical role in the healthcare industry and gives the physicians much-needed extra time to spend on looking at a more number patients. For the people in healthcare documentation jobs, it is not just sufficient to master the English language skills and medical terminology to be able to do their work efficiently. There are certain points related to the federal rules and regulations that are to be taken care of while transcribing the data accurately within the set time limits. Professional healthcare documentation specialists are expected to be aware of these legal requirements and act accordingly. Confidentiality of patient information: Medical details of a...
Post a Comment
Read more