Meetings with individual staff can be a valuable tool to better RCM performance. When you meet, compile all notes and organize them into categories. These can include system issues, insurance issues and employee issues. Review patterns observed and implement a plan with the staff member to resolve them. Communicating resolutions supports the staff’s efforts and gives opportunity to continually

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Action logs can help providers improve efficiency in resolving revenue cycle issues. One way is to eliminate meeting agendas and minutes. Rather, prepare an action log. This will keep meetings on topic and allow time to follow-up on meeting tasks. They also make the meeting focus more on resolving current issues to enhance

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Revenue management is a critical part of every medical practice. Declining reimbursement, shifts to value based care and stringent quality standards and denial of claims are some challenges in private practice. With the given challenges, it is all the more important for private medical practices to focus on patient collections and intelligent revenue cycle management...

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Key Performance Indicators (KPIs) are the measurables that every institution develops in order to monitor and benchmark performance. KPIs include specific details of the measurables and assessment techniques that include details of when and how these will be measured. What are KPIs? KPIs are used to evaluate the success of an institution and also indicate if progress is being made in terms of both short and long term financial objectives. KPI’s also are numbers that

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SANTA CLARA, Calif., Nov. 1, 2017 /PRNewswire/ -- Based on its recent analysis of the revenue cycle management (RCM) industry, Frost & Sullivan recognizes GE Healthcare with the 2017 North America Enabling Technology Leadership Award for its highly customized, scalable, and agile RCM IT solutions for hospitals, ambulatory practices, specialty practices, health plans, billing companies, managed service organizations, and other stakeholders.   Despite the widespread adoption of basic RCM IT solutions, most US healthcare providers

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