Revenue Cycle Management

hospital examination room
06 Dec 23

Mastering Insurance Contracting for DME Suppliers: Strategies for Optimal Payer Agreements and Revenue Growth

Negotiating and managing insurance contracts are critical facets of Durable Medical Equipment (DME) suppliers’ financial success. As a full-service Revenue Cycle Management (RCM) firm dedicated to serving ancillary providers, Wonder Worth Solutions is here to guide you on the path to mastering insurance contracting.  As your one-stop shop, we pride…
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Doctor using the computer
22 Nov 23

Medical Coding in DME Revenue Cycle Management: Best Practices for Streamlining Workflow, Increasing Accuracy, and Minimizing Denials

In the realm of Durable Medical Equipment (DME) suppliers, efficient and accurate medical coding is a cornerstone of effective Revenue Cycle Management (RCM). Mastering medical coding practices can significantly enhance your organization’s cash flow by mitigating claim denials, optimizing reimbursement rates, and streamlining financial processes. At Wonder Worth Solutions, our…
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Medical equipment
09 Nov 23

Revenue Cycle Management for Medical Equipment Suppliers

For medical equipment suppliers who bill insurance in the US, the efficient management of various processes, including Medical Coding, DME Credentialing, and Insurance Contracting, is essential for the financial stability, growth, and success of their businesses. A well-orchestrated revenue cycle management process can help reduce claim denials, improve cash flow,…
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Revenue Cycle Management
05 Apr 23

Revenue Cycle Management in Healthcare: Components and Benefits

The healthcare industry is undergoing rapid changes, and the revenue cycle management (RCM) process is becoming more critical than ever before. RCM refers to managing the financial aspects of healthcare, from patient registration to the final payment of the services rendered. The process includes insurance verification, claims submission, denial management,…
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07 Jan 23

Medical Coding & Billing Errors And Its Management

Introduction Medical coding and billing is a process of assigning codes to medical services rendered by physicians, hospitals, laboratories and other healthcare providers. It is a standard set of symbols or abbreviations used to describe medical conditions in order to facilitate the recording and reporting of healthcare information used in…
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26 Aug 22

Are You Chasing Your Revenue

Introduction Your practice’s revenue cycle management is the process of collecting, tracking, and reporting on your payments from patients and payers. If you’re not collecting 100 percent of your revenue, it’s not only costing you money—it’s also hurting your reputation with patients who may decide to go elsewhere when they…
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