Posts

Image
Importance of RCM to Healthcare Providers Healthcare Revenue Cycle Management (RCM), a financial process utilizing the power of medical billing softwares in order to keep a track of patients. It starts right from their registration and ends when their final bill is paid. The Healthcare RCM Process is a complicated cycle, it follows an order and it flows in the way as mentioned below: Registration Financial Counseling Charge Capture Utilization Review Medical Record Documentation Claims Submission Third Party Follow-up Rejection Processing Payment Posting Appeals Contract Management These are the processes included as a part of Healthcare Revenue Cycle Management Services . They differ in their features based on the type of software that the Hospital or Clinic is using. The Healthcare Revenue Cycle Services being provided are required to be free of any errors -- the reason being that if there's an error present, the revenue recovery jus
Post a Comment
Read more
Image
What you need to know about AI in Healthcare Medical Billing The true value of Artificial Intelligence based technologies are quite often understated and also overstating the same is at most times -- difficult . To get our hands in-deep with how AI is actually bringing changes in Medical Coding Automation, it is required that we properly understand what the basics of what Medical Billing and Coding actually are. Medical Billing, in the United States is used primarily for reimbursement purposes since the codes allow for efficient and accurate billing. We all know what a insurance claim is, Medical Billing is the process of submission and follow up on these insurance claims by insurance companies for the services provided by the healthcare provider. The Medical Coding future consists of software solutions that are able to take advantage of Artificial Intelligence, these AI powered Medical Billing Software Solutions would emerge as a new chapter for healthcare innovations. Fo
Post a Comment
Read more
Image
What are Custom Healthcare Softwares and why should you know more about it? Custom Software Development is a thing of the present and the future , companies are beginning to realize what they've missed out on and why the word Custom has a price tag attached to it. The word 'Custom' had been thrown around many times in the past but it's only recently attached to many different words, but it's latched on to one in particular that is Software Development. Let's take a look at Custom Softwares, and why is turning it into a norm. What is Custom Software? what will it be? and why choose it? The answer is, custom software development is the development of a software product to meet specific needs instead of adapting the business to pre-built software products. Custom software development can be complex, i.e. to satisfy a whole process of work (employees, end clients, intermediaries) as well as to target a certain group of people, for example, workers in a c
Post a Comment
Read more
Image
The Rise of Healthcare Solution Companies Today, in the world of Healthcare and Information Technology there are a large number of small companies that are entering the competition, now -- as a matter of fact, these so called 'small healthcare technology companies' have been much more successful than these large non-industry-specific technology companies and specifically in addressing the the issues related to the industry-specific needs of healthcare. In the years leading up until this present day, there are many examples around us where we've seen that the large and the better known technology organizations -- those that had invested in the Health Information Technology market with high expectations ended up hitting up bad values such as low sales, low revenues, negative investment returns that displayed their inability to capture the right mindset required to take a lead in this market. These large organizations, with the help of the newly integrated techno
Post a Comment
Read more