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 c...

The human body consists of many parts that are very complex by nature. Only when something goes wrong with our body, we understand its complexity and start caring about it. Else, we take it for granted which obviously leads to some sort of illness or disease. Some common illnesses and diseases can be treated with ease; however, there will be some severe illnesses or diseases that need good treatment and procedures to be performed for the best results. Such complex inpatient cases require certain new treatment procedures and experiments in surgeries. These complex encounters are not only challenging for the physicians and other healthcare support staff, but also for the people in medical coding jobs and medical billing jobs.  The rare cases and their treatments that are usually seen in medical colleges or institutions of repute create challenges for the medical coders in assigning the appropriate codes and in this process, their productivity also gets hampered. While dealing w...

Collecting payments from patients who have taken the services of a hospital or a healthcare facility is a very tough job that creates bottlenecks in the revenue cycle management of the facility. To avoid any kind of dues from patients and have a smooth functioning of the facility requires some best practices in the revenue cycle management which require consistent and continuing measures adopted by the facility. For this, some common mistakes that take place have to be identified and rectified. It can be noticed that usually, a common billing mistake is related to a certain payer’s rules and regulations or the government rules and regulations. Some other common mistakes revolve around not obtaining proper authorizations and coding errors.  After identifying the common mistakes, it is equally important to identify the solutions to these mistakes and try to minimize them. For this, it is important that a healthcare facility hires an efficient revenue cycle management serv...