The Covid-19 pandemic presents the U.S. health care system with a mind-boggling array of challenges in dealing with patient health data. The electronic health record must transition from an emphasis on a person’s medical record to an emphasis on a person’s plan for health and from a focus on supporting clinical transactions to a focus on delivering information to the provider and the patient.
Today, most healthcare organizations lose 3 to 4% of net revenue due to payment denials. With the drastic changes in the 2021 healthcare industry, here is how providers can stay ahead of their revenue cycle by improving healthcare claim denial management. Let’s look at the proven ways to improve healthcare claim denial management and how RCM solutions can improve your practice bottom line.
A survey found that nearly 50% to 80% of the medical visits were conducted via telemedicine at the height of the Covid-19 pandemic. This drastic revolution of telehealth has transformed the interaction between healthcare providers and patients.
Electronic prescribing allows health care providers and other medical professionals to securely transmit prescription information to pharmacies digitally. E-prescribing is growing rapidly, not just because the technology has improved, but because of the substantial benefits for patients and health care providers.
In today’s healthcare landscape, the economic fallout due to COVID 19 pandemic is seriously affecting the people, hospitals, healthcare professionals, and also other healthcare facilities. The American Hospital Association (AHA) estimates the country’s hospitals and health systems could lose $120.5 billion between July and December 2020.
Superbills play a great role in your medical practice financial workflow. So, it is very important to get a clear picture of electronic superbills as they ultimately save your practice valuable time, money, and labor. Paper superbills still stay effective in some practices today, and they won’t provide as many advantages as electronic superbills. They need a lot of paperwork to be done and take more time to enter charges for billing.
According to the Centers for Medicare & Medicaid Services (CMS), two-thirds of healthcare practice revenue is lost due to billing leak, and 30% of claims being denied or rejected on the first submission. So an accurate insurance eligibility verification process plays a major role in improving practice workflow. In this article, we discussed the five most important insurance eligibility verification steps you should never miss.
Visiting any doctor’s office, the main thing you can notice – patients covered in the clipboard, forms, and identification cards while staff reorganizes treatment rooms and waits for patients who are still working on the intake packet.
According to a survey conducted by the American Hospitals Association, approximately 67% of US Hospitals use telemedicine solutions to connect with patients and doctors remotely. Yes, telemedicine is turning out to be highly impactful in making healthcare easily accessible, affordable and manageable, amid the COVID-19 breakout. For better patient engagement make sure your telemedicine software includes the following features.
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