Understanding the Workflow of Prior Authorization Specialists
According to a survey conducted by the American Medical Association (AMA), an overwhelming 89% of physicians have highlighted the negative impact of prior authorization delays on patient outcomes. This statistic underscores the critical nature of prior authorization in healthcare. Moreover, prior authorization is essential for making sure patients receive appropriate medical treatments while effectively managing […]
Technology Solutions to Minimize Medical Coding Errors
Accurate coding ensures proper reimbursement, maintains compliance, and facilitates better communication among the healthcare team. However, the complexity of medical coding often leads to errors. In fact, based on the latest data available, it is approximated that 80% of medical invoices in the United States are inaccurate. Consequently, errors result in financial losses, compliance issues, […]
Top 5 Telemedicine Apps for Healthcare Providers
As per Fortune Business Insights, significant expansion is anticipated in the telehealth sector, with forecasts suggesting a rise from $142.96 billion in 2023 to $504.24 billion by 2030. Furthermore, with this expansion comes the emergence of telemedicine apps which have become essential tools for healthcare providers. They offer an easy and effective way to connect […]
8 Telehealth Nursing Best Practices for Delivering Quality Care
Telehealth has emerged as a vital tool for modern healthcare providers. Moreover, among the various professionals practicing this digital shift, nurses play an important role in giving quality care through telehealth platforms. The demand for telehealth services continues to rise. Therefore, it becomes important for nurses to adopt best practices that ensure the delivery of […]
7 Strategies for Healthcare Revenue Recovery
Unforeseen challenges such as reimbursement denials, regulatory changes, and economic changes can significantly impact revenue streams. In fact, as featured in HFMA, there’s an average of nearly $5 million in claim denials per provider across the United States. Therefore, effective strategies for healthcare revenue recovery should be applied. In this blog, you’ll explore proven tactics […]
Improving Cost-Efficiency With Healthcare Virtual Assistant
Healthcare providers face numerous challenges, including rising operational costs, increasing administrative burdens, and the need to maintain high-quality patient care. However, one innovative solution that addresses these challenges head-on is working with a healthcare virtual assistant in practice operations. As featured in Allied Market Research, the projected size of the global healthcare virtual assistance market […]
Assigning Tasks to Your Remote Medical Virtual Assistant
Healthcare providers are continually on the lookout for strategies to streamline their workflows, elevate patient care, and enhance overall efficiency. Hence, a transformative solution poised to revolutionize the operational landscape of healthcare practices is the remote virtual assistant. According to Business Research Insights, the market size of healthcare virtual assistants exceeded $692 million in 2021, […]
Exploring Common Mistakes in Medical Coding and How to Avoid Them
As featured in AMA Journal of Ethics, upcoding and fraud related to misrepresentation of clinical information cost healthcare organizations more than $100 billion annually. Accurate coding ensures proper payment, facilitates research, and maintains compliance with regulatory requirements. Medical coding services have always been the backbone of reimbursement and data collection. However, amidst the complexity of […]
The Impact of Telemedicine on Healthcare RCM
Technological advancements continue to reshape RCM staffing and the healthcare industry in general. With this, telemedicine is also emerging as a transformative force. According to an ASPE research report, telehealth visits skyrocketed from approximately 840,000 in 2019 to an astounding 52.7 million in 2020, demonstrating an unprecedented adoption of remote healthcare services. With its ability […]
The Vital Link Between Patient Engagement and Medical Billing Success
An international study on patients revealed that countries with higher levels of patient engagement demonstrate lower rates of medical errors and higher overall patient satisfaction compared to those with lower engagement levels. This underscores the critical importance of patient engagement. Not only does it enhance clinical outcomes and satisfaction, it also bolsters the financial stability […]