Medical Billing & Credentialing News

  Common Revenue Cycle Management Mistakes Is Your Revenue Cycle Management in Top-Notch Condition? Let’s face it, we all make mistakes, even as veterans in  revenue cycle management . Sometimes, though, our biggest mistakes are the ones right under our noses – the ones we simply don’t identify as mistakes because we’ve been making them for so long. Plenty has changed in the revenue cycle. With the deployment of ICD-10, the arrival of accountable care, the growing volume of patient self-pay and the changing payment habits of those patients, we need to continuously upgrade our revenue cycle processes to accommodate these changes.  We’d like to share with you what has been recognized as progress-halting revenue cycle mistakes you may be making presently and how to fix them. You Rely on Current Staffing Levels to Handle the Increased Volume of A/R Activity We know how challenging it is to find the right people with the right skills to keep your revenue cycle humming. There a...

  Measuring Healthcare Outcomes Healthcare Practice Key Performance Indicators Matter So, your  healthcare practice  is running smoothly. You’ve hired fantastic people, followed a marketing plan, placed the right technology and your patient retention policy is in full swing with a low churn rate. Things are going great, right? Well, there’s no way of really knowing for sure unless you’re measuring your performance. Only by carefully tracking metrics (Key Performance Indicators or KPIs) in your medical practice can you actually improve efficiency, profitability and yield better results across your entire practice and revenue cycle management operations .  Choosing what to measure and what to report, however, is as important as deciding to start tracking measurements in the first place.  In this post, we will cover some of the key metrics that will measure the pulse of your medical practice. To begin, exactly how would you  describe these Key Performance Indi...