Healthcare & Technology

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

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