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 […]
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 […]
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 […]
Measuring Key Performance Indicators (KPIs) for Successful RCM
Efficient Revenue Cycle Management (RCM) is paramount for healthcare organizations striving to optimize their financial performance. Healthcare executives believe that effective revenue cycle management is “very important” or “extremely important” for their organization’s financial health. This is why according to an HFMA and Eliciting Insights report, 40% of healthcare providers prioritize investing in backend RCM […]