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 […]
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 […]
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for telehealth services has grown, cloud implementation has come to the forefront and traditional manual processes have been replaced by automated […]
As organizations realize the importance of AI for saving time and costs, its applications are expanding dramatically, especially in the healthcare sector. According to a survey conducted by Change Healthcare in 2020, more than four-fifths of healthcare organizations worldwide are reaping the benefits of AI. Revenue Cycle Management (RCM) is one of the critical processes […]
Implementing dashboard analytics is the first crucial step to maximize earnings. Industry-leading dashboards allow you to take full control of the financial state of your healthcare practice and meet your revenue cycle targets. Overall, RCM dashboards can empower healthcare providers to operate more efficiently. Simple recurring errors alone may cost as much as 5% of […]
Let’s face it. People get into the Healthcare field mostly because they want to help people. They want to focus on patient care and improving the quality of life in the face of injury or disease. They don’t want to focus on coding, billing, and the rest. But they also don’t want to waste money. […]
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Outsourcing offers a number of benefits that are crucial to helping you scale your business—streamlining operations and processes, creating cost efficiencies, focusing on your core and increasing efficiency, to name a few.By outsourcing processes that are holding your business back, you get more time to deliver quality services to your customers. What’s more, you ask? 3rd party outsourcing companies level the playing field for small and medium-sized businesses who can’t afford in-house process management teams, like the bigger corporates. Outsourcing business process management also helps reduce operational costs and lets you tap into a global talent pool with subject matter knowledge. Explore our website to learn more or get in touch and we’ll be happy to answer any specific questions you have.
There are a number of onshore and offshoreoutsourcing companies in USA and other countries, making the job of choosing the right provider even more difficult. However, here are a few tips to help you shortlist.
At the outset, assess your business requirements and research thoroughly. Shortlist three outsourcing providers based on your requirement criteria. Next, ask questions—this can include questions about compliances, experience, pricing structure, modes of communication, operation timings, subject matter expertise and so on.
The third-party outsourcing service provider should understand your business and the goals you are trying to accomplish as a result of the collaboration. Get in touch today to build a customized solution for your business.
There are a plethora of benefits to working with athird-party outsourcing provider.
Cost Savings: Outsourcing providers can help you avoid fixed costs by offering access to talent and technology based on consumer demand.
Increased Efficiency:3rd party outsourcing providers have extensive experience in handling various business processes. As a result, they are better equipped to understand your challenges and quickly drive results and improve efficiency.
Focus On Your Core: Outsourcing providers can free your staff from repetitive, error-prone tasks and help you focus your time entirely on quality service delivery, business expansion and bottom line management.
Save on Infrastructure: The responsibility for infrastructure development and maintenancelies with the outsourcing provider who manages various processes assigned to them.
24X7 Operational Capability: Offshore agencies may operate on a different time zone. However, this allows the provider to offer uninterrupted services round-the-clock, even when you are closed for business.
HelioNext has over 15 years of experience helping SMBs streamline their operations—we’re here to help build a customized solution for you. Get in touch today!
It really depends on which aspect of your business you’re willing to manage.
Usually, outsourcing companies in USA help manage your day-to-day business functions so that you can invest your time and energy in scaling your business, improving customer experience and increasing your client footprint and cashflow.
3rd party outsourcing providers also make use of technologies like automation and artificial intelligence to streamline business processes for you. Also, they constantly provide clear insights to keep you updated about business performance.
Outsourcing companies in USA or anywhere else in the world will integrate tech-based solutions to automate your business processes. Automation helps eliminate disruptionsto costs and service delivery, improve efficiency and streamline process.
These providers also use artificial intelligence to generate real-time performance reports. As a result, you stay ahead of the game, and they manage all challenges and issues, efficiently. Want to learn more? Get in touch today.
The Coronavirus outbreak has given rise to a new landscape and challenges for most businesses. During the pandemic, many businesses experienced a major decline in demand and revenue. Some businesses have also struggled to manage processes and service delivery because of a spike in demand. Third-party outsourcing can be a respite for both kinds of businesses.
Outsourcing has also proven to be cost-effective for most businesses by saving fixed costs related to training, hiring, infrastructure maintenance, technology implementation and a lot more.
In highly regulated industries like healthcare, mortgage and legal services, we understand the critical need for risk monitoring, policy reviews and maintaining awareness about current laws and regulations.As a third-party outsourcing company, HelioNext adheres to the following compliances and certifications:
HelioNext offers the following services through onshore and offshore delivery models:
Revenue Cycle Management: Revenue cycle analytics dashboard, healthcare revenue management, medical coding or health information management, medical billing and electronic data management. Learn more here
Mortgage Loan Processing:
Mortgage loan handling, mortgage automation and pre/post-audit optimization solutions. Learn more here
Legal Process Outsourcing:
Drafting, e-filing, A/R management, paralegal support and title review. Learn more here