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How to Increase Healthcare Revenue: 5 Practical Tips

Building a strong revenue cycle and providing quality care are two of the most important responsibilities of healthcare organizations. The 2020 CAQH Index indicates that the healthcare industry could save nearly $16.3 billion in administrative transactions by switching to electronic transactions. The same study also shows that medical representatives spend roughly 11 more minutes on […]

Key Steps in Revenue Cycle Management in Healthcare

Key Steps in Revenue Cycle Management in Healthcare – A Complete Walkthrough

Global healthcare organizations have acknowledged the importance of incorporating revenue cycle management in their processes. According to a report by Allied Market Research, the global revenue cycle management market is estimated to reach $329.71 billion by 2030. Revenue and finance mismanagement can lead to the collapse of healthcare systems, despite good service delivery. For this […]

Key Benefits of Outsourcing Healthcare Services to India

Key Benefits of Outsourcing Healthcare Services to India

One of the most significant benefits of outsourcing in healthcare is the reallocation of time to deliver quality patient care. India’s USP as a low-priced healthcare outsourcing destination has transformed to one that offers quality outsourcing partnerships. With an increasing demand for healthcare services, the market for healthcare outsourcing companies in India is predicted to […]

Importance of Revenue Cycle Management in Healthcare Explained

Importance of Revenue Cycle Management in Healthcare Explained

Delivering quality care quickly and efficiently is any healthcare provider’s top priority. The reality is that it involves more than just treating the patient. It would help if you also had an effective strategy for managing administrative and clinical functions to ensure that your service providers and the practitioners are adequately compensated for their services—and […]

5 RCM Trends Shaping the Future of Healthcare

Five Revenue Cycle Management Trends That Are Shaping the Future of Healthcare

As digitization impacts many aspects of the healthcare sector, revenue cycle management is no exception. New practices need to be incorporated to streamline operations, increase efficiency and optimize overall financial performance. As the preference for telehealth services has grown, cloud implementation has come to the forefront and traditional manual processes have been replaced by automated […]

Importance of Coding In Healthcare

Three Factors that Highlight the Importance of Coding In Healthcare

In today’s tech-driven world, coding forms the backbone of seamless revenue cycle management in hospitals and medical offices. Simply put, medical billing involves preparing billing claims that are submitted to insurance providers. Receiving funds allows the hospital to stay open and operational. Not only that, it also ensures that the medical office or hospital is […]