Revenue cycle management

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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WHY-IS-DAYS-IN-AR-IMPORTANT
29 Oct 22

WHY ARE DAYS IN AR IMPORTANT

Introduction Days in AR is a very important concept. It explains the impact of delayed payments on cash flow and measures the amount of time between payment being due and when it clears your bank account. The concept is primarily used to evaluate a practice’s financial health. A high days-in-AR…
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How to Prevent a HIPAA Breach

There are a few solid steps you can take to help reduce the likelihood of a HIPAA breach violation affecting your medical practice, such as: Examine Your Vulnerabilities: Consider hiring a data security consultant to conduct an end-to-end risk assessment of your technological operations and medical billing function. If that…
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UNDERSTANDING MEDICAL BILLING PAYMENT POSTING

Copays and ICD-10 codes are frequently related with payment posting. Theprocedure, however, entails more than just entering numbers and processing payments.  The revenue cycle management method relies heavily on payment posting. Payment posting, when done correctly, can improve your practice’s cash flow and income. In medical billing, what is Payment…
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