Daily Workflow of Remote Medical Collections Specialists
The healthcare revenue cycle management market industry is projected to reach $79.68 billion by 2032 and healthcare digitalization and IT are some of the key drivers of this market growth. The healthcare industry has undergone a remarkable transformation, especially in how administrative and financial tasks are managed. One of the pivotal roles in this transformation is […]
Why Telehealth Nurses are a Smart Investment for Your Practice
According to findings published in JAMA Network Open, telehealth usage results in average cost savings for patients ranging from $147 to $186 per visit. These significant savings make telehealth an attractive option, encouraging patients to opt for virtual consultations over traditional in-person visits. Among the many components of telehealth, the role of telehealth nurses has emerged […]
Boost Your Success Rate in Medical Debt Collection
Medical debt collection is a vital component of the healthcare industry, ensuring that providers receive the compensation necessary to continue delivering high-quality care. However, collecting medical debt presents significant challenges. In the U.S. alone, Credit Karma members owe a staggering $48.6 billion in medical debt currently in collections. With many individuals struggling to manage these […]
Top Qualities to Look for in a Medical Collections Specialist
The role of a medical collections specialist is pivotal in the healthcare industry, especially now that approximately 25% of nonprofit hospitals in the United States are currently operating with negative margins. Medical Collections Specialists ensure that healthcare providers receive timely payments for their services, which in turn, sustains the financial health of medical facilities. Finding […]
How to Balance Compassion and Collection Efficiency
Balancing compassion and collection efficiency in healthcare is a challenging yet essential task. On one hand, healthcare providers must ensure their financial stability by collecting payments for services rendered. On the other hand, they must approach this process with empathy, as one in ten adults in the U.S. have significant medical debt, according to a […]
Boost Efficiency: Must-Have Tools for Remote Medical Billing
Remote work is becoming an increasingly popular option in medical billing, with the healthcare industry being one of the top industries for remote workers in 2024. As healthcare providers and billing professionals adapt to this shift, having the right tools is crucial for maintaining efficiency and accuracy. In this blog, we’ll explore essential tools that […]
Unlock Savings and Boost Efficiency with Remote Healthcare Staff
In the healthcare industry, the need for innovative solutions to tackle rising costs and efficiency demands is more urgent than ever. One such innovation is the integration of remote healthcare staff. A study by the AMA found that 79% of patients were very satisfied with the care they received during their most recent telehealth visit, […]
How Medical Coders Combat Healthcare Fraud
Healthcare fraud is an issue that undermines the integrity of healthcare systems worldwide, costing billions of dollars annually. In fact, according to the NHCAA, scams designed to burden individuals and insurance companies with fraudulent and illegal medical charges result in over $54 billion in losses annually. While many are familiar with the roles of physicians, […]
MedCore Solutions: Solving the Shortage of Expert Medical Coders
Studies reveal a 30% shortage in medical coders nationwide. As healthcare organizations accelerate their growth strategies, the demand for skilled coders has never been higher too. Furthermore, medical coders play a crucial role in the healthcare system. They translate patient care into universal medical alphanumeric codes. Moreover, this coding is essential for billing, record-keeping, and […]
10 Critical Mistakes Virtual Scribes Must Avoid
Without a doubt, medical scribing has become an integral part of modern healthcare, offering significant benefits such as improved documentation accuracy and enhanced physician efficiency. Before being assigned a scribe, 70.3% of physicians in a study reported experiencing burnout according to the Mini-Z single-item burnout measure. After using scribes, burnout among physicians decreased from 70.3% […]