Tuesday, April 15, 2025
The healthcare system assists in the cure of diseases, the extension of lives, and the improvement of the well-being of communities. With the use of secure health information technology, healthcare will benefit from advancements that ensure health information is confidential and available when and where it is needed, contributing to safer, higher-quality, more coordinated, efficient
[ Read More ]As both the healthcare and IT industry is evolving from pay-per-service to reimbursement-per-care, it is necessary to develop healthcare revenue cycle management with IT solutions. The way you decide to operate your healthcare revenue cycle gives a picture of your approach toward the business. That not only applies in the healthcare industry but all. However,
[ Read More ]Partnering with a revenue cycle management company is the perfect option for many medical practices. However, if an RCM is not offering even the most basic level of service, in that case, it’s in your best interests and the interests of other practice stakeholders to consider these six reasons to part ways with your existing
[ Read More ]Medical practices are known to generate revenue through offering healthcare services to patients. However, healthcare dynamics are shifting at a rapid rate with new practices emerging in the market and patients and insurance companies demanding value-based care. Competition is high and insurance companies are setting high standards on what they reimburse, resulting in low revenue
[ Read More ]When it comes to providing and receiving healthcare in the United States, cost means everything. Providers, payers, and patients are all motivated by price. Some claim it’s a good system, others say otherwise, but until a replacement arrives, it’s the only one available. With this in mind, providers need to find ways to grow revenue
[ Read More ]Image Source: Pexels Financial technology, or fintech, is a prominent part of every industry. In healthcare, digital finance systems may just mean the difference between accessible payment outcomes for patients or a continuation of the complexity and difficulties that have plagued the system. Advancements in fintech are making a world of innovations possible. These advancements
[ Read More ]Whether you are just opening up your own practice, or you have had one for years, the growth of your practice is extremely important. Here are several important ways to keep your business on the upswing. 1. Treat patients well The best way to grow your practice is probably the most important thing you can
[ Read More ]One of the things that you need to think about when you run a medical business is the way in which it is very much like any other business. In other words, you need to make sure that you are doing all you can to keep customers coming in, and that means being competitive with
[ Read More ]With the ever-increasing competition in healthcare, patient acquisition strategies are critical to a profitable medical business. According to recent research, healthcare providers spent more than $2.1 billion on digital advertising in 2017, and the number is expected to reach $2.9 billion by 2021. These statistics highlight the dire need for attracting new patients. Indeed, a
[ Read More ]A revenue cycle is a system used by healthcare facilities to track revenue or money paid to the facility by a patient for services offered. It involves receiving, recording, and managing client revenue by the healthcare facility. Before looking at how to boost profitability, it’s crucial to address the problems that face the healthcare sector,
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