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 […]