3 Smart Ways To Improve Days In Accounts Receivable

accounts receivable

As practices look for ways to improve their financial health, one of the quickest ways to make an impact is ensuring the organization gets paid for the services they provide with no delays. By looking closely at days in accounts receivable (A/R) and taking the appropriate steps to improve that metric, practices can bolster their bottom line in 2021, while also setting the stage for a stronger business in the long term.

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The Quick Guide To Provider Credentialing: How It Works?

The Quick Guide To Provider Credentialing

As provider credentialing is considered to be an important step for achieveing effective revenue cycle management, this article explains you about how provider credentialing works and what are the primary phases involved in it.

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Medical Auditing: 4 Best Practices To Follow

Are you ready to boost your practice revenue? Conducting regular medical billing audit will be very beneficial for your healthcare practice. In this article, we share with you the 4 best practices for medical auditing to ultimately improve your practice revenue in 2021.

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8 Cool Metrics For Evaluating Your Medical Billing & Coding Process

8 Cool Metrics For Evaluating Your Medical Billing & Coding Process
8 Cool Metrics For Evaluating Your Medical Billing & Coding Process

Medical billing and coding remain to be the hot topic for all healthcare providers. Of course, they wish to automate and make revenue cycle workflow more intelligent which helps them to focus on keeping their patients healthy and happy. How to achieve this?

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Automated Patient Eligibility Checks: Why It Matters?

Automated Patient Eligibility Checks: Why It Matters?

Verifying patient eligibility is incredibly important for today’s healthcare practices. The manual verification process will be complex and time-consuming. Your front office staff needs to spend too much of their time tracking down payer information and eligibility. So, the right solution providers need in today’s tech world is automated patient eligibility verification to better help their patients in the medical billing process. Here is why automated eligibility check is important and how it benefits healthcare practices.

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Impact Of AI In Medical Billing And Coding

Impact Of AI In Medical Billing And Coding
Impact Of AI In Medical Billing And Coding

The future of medical billing and coding in the age of artificial intelligence will be really surprising. Do you have any idea about how AI will impact your practice revenue cycle? In this article, we explain to you the real benefits of the impact of AI in today’s medical billing system. 

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Optimizing Your Claim Denial Management Process

When discussing successful healthcare claim management, it is very important to build an effective system that manages rejected claims at initial. Of course, all healthcare organizations get worried if their medical claims get denied.  The only solution to overcome these issues is to initiate an efficient medical claims denial management process.

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Top 4 Super Effective Types Of Medical Audit

Top 4 Super Effective Types Of Medical Audit
Top 4 Super Effective Types Of Medical Audit

Healthcare auditing plays a major role in improving the quality of care delivered to patients. Also, it helps healthcare organizations to remain up to date with the requirements and regulations. In the year 2021, quality healthcare audits are equally important for payers, patients, and providers.

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Master Your Claim Submission Process in 7 Easy Steps

Claim Submission Process
Claim Submission Process

Have you ever tracked the percentage of claims that get paid successfully at first submission? To be successful with the medical billing process, the claims have to be monitored & revised, the reason for denials have to be correctly identified, and necessary action to be taken before getting started with the process. Here is all about claim submission in medical billing and steps to achieve clean claim rates.

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How To Instantly Rebuild Your Patient Volume?

How To Instantly Rebuild Your Patient Volume?
How To Instantly Rebuild Your Patient Volume?

Since the beginning of COVID-19, US healthcare organizations saw a huge decrease in patient volume. Most of the patients canceled follow-up visits, preventive care, scheduled appointments, and refuse to visit directly to the clinic. Even though healthcare providers are adopted quality digital technology to improve patient engagement, the growing healthcare marketing trends are more important. Here are the best ways which explain how to instantly rebuild patient volume in 2021.

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How To Reduce Accounts Receivable (AR) Days In Healthcare?

Outstanding accounts receivable in healthcare are one of the most critical issues that the healthcare industry faces today. Organizations are often seeking the right answers to reduce their receivables for over 30 days and also the way to prevent them from happening in the first place. Here are the best tips to reduce AR days in healthcare.

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Beginner’s Guide: How To Streamline Prior Authorization In 2021?

How To Streamline Prior Authorization In 2021?
How To Streamline Prior Authorization In 2021?

Streamlining the prior authorization process could be a game-changing factor in healthcare 2021 which ultimately transforms the overall patient outcomes.  Based on the survey conducted by American Medical Association with 1000 physicians, nearly 64% of physicians reported they face long wait times (one business day) for payers to decide on prior authorization which negatively impacts the patient outcomes.

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The Best Things About Medical Coding Audits

The Best Things About Medical Coding Audits
The Best Things About Medical Coding Audits

As the majority of today’s healthcare organizations formalizing compliance programs, the need for accurate medical coding audits is very clear. Regular coding audits provide numerous benefits like maintaining the highest compliance standards and saving a significant amount of money and time.  It also equips healthcare organizations with the knowledge to improve coding policies and procedures. If you are failing to evaluate the coding procedures of your organization, then, it’s time to know about the importance and benefits of conducting coding audits.

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MIPS: How It Works For Your Medical Practice?

MIPS: How It Works For Your Medical Practice?
MIPS: How It Works For Your Medical Practice?

In today’s emerging healthcare industry, everyone has been heard about the word MIPS and its quality measures. But most of us don’t have a clear view of how MIPS benefits your medical practices and how does it work based on the performance categories. In this article, we discussed briefly MIPS and its four performance categories that make up your final score.

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A Guide To Payment Posting In Medical Billing

A Guide To Payment Posting In Medical Billing
A Guide To Payment Posting In Medical Billing

The payment posting is a day to day challenges faced by almost every healthcare provider. It would be impossible to complete the reimbursement process without payment posting by the medical billing companies. That’s why they recognize it as an important component of the revenue cycle management process. In this article, we explain everything about payment posting in medical billing.

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Apply These 3 Secret Ways To Improve Medical Coding Quality

Apply These 3 Secret Ways To Improve Medical Coding Quality
Apply These 3 Secret Ways To Improve Medical Coding Quality

Medical coding quality is a very crucial part of revenue cycle management to ensure clear claims and better reimbursement. So, when done inadequately, it may impact each part of the revenue cycle.

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Insurance Eligibility Verification Process In Healthcare

Insurance Eligibility Verification Process In Healthcare
Insurance Eligibility Verification Process In Healthcare

Insurance eligibility verification plays a vital role in ensuring accurate and timely receipt of information regarding insurance coverage in revenue cycle management. Most claim denials happen when a patient is ineligible for services billed by the provider.

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5 Solid Problems To Avoid In AR Follow Up

5 Solid Problems To Avoid In AR Follow Up
5 Solid Problems To Avoid In AR Follow Up

A successful AR follow-up process increases the healthcare organization’s cash flow tremendously. Are you facing serious problems within your medical accounts receivable management processes? Here are a few common problems to avoid in your AR follow up process.

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How Electronic Claim Submission Speed Up Your Claim Process?

How Electronic Claim Submission Speed Up Your Claim Process?
How Electronic Claim Submission Speed Up Your Claim Process?

The modern healthcare world started shifting towards electronic claim submission for timely claim payments. So if you haven’t switched over to electronic claim submission, may cause your practice to decline in value and effectiveness. You may be thinking about how to speed up your claim process. The easy way is to go with the best medical billing software that includes provisions for electronic claims submission. Here is how electronic claim submission speeds up your claim process and results with more timely payments.

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6 Most Well Guarded Secrets About Payment Plans

6 Most Well Guarded Secrets About Payment Plans

The patient payment plans represent the fastest-growing share of hospital receivables today. As healthcare providers rely more on patients for revenue nowadays, many large healthcare practices have started using patient-centered strategies, like payment plans, to collect payments. Here is the importance of payment plans in revenue cycle strategy and the best practices in place.

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