No Surprise Act – IntelliRCM

Widespread concerns about the cost of healthcare drove the U.S. government to enact the No Surprise Act. While the law helps make healthcare more affordable and accessible, it poses a significant challenge to healthcare providers. It introduced new accounting requirements to a sector buckling under existing regulations. Failure to meet these dynamic requirements can leave

Practical Ways to Get Your Insurance Payments Faster

How efficient is your medical billing department? Are they effective in collecting your money and maximizing reimbursement? Or are they leaving a huge chunk of your hard-earned dollars uncollected in the insurance claim limbo? What percentage of your claims are over 90 days? 120 days? If your percentages are higher than the industry standards—less than

How A Virtual Medical Assistant Has Changed Patient Care

In a world where the average medical professional is overworked, a Virtual Medical Assistant (VMA) is just what the doctor ordered. Virtual Medical Assistant services help lighten our workloads without sacrificing the quality of care. With a VMA, we can prioritize the patient’s needs while conforming to all our other obligations. By shifting our focus,

How to Improve Revenue Cycle Performance Amid Staffing Shortages

Understaffed medical facilities with outdated, manual patient access protocols set the stage for poor patient outcomes, such as low satisfaction ratings, decreased staff confidence, and low retention rates. A shortage of patient check-in and registration staff increases errors, and patients become frustrated with long waiting times. Bad perceptions of a hospital’s capability to treat patients

What is Patient Appointment Scheduling? The Importance and Beneficial Practices

Efficient patient appointment scheduling makes the operations of any healthcare facility run more smoothly. A patient must have an appointment before a provider can see and treat them. When setting up many weekly appointments, having a sophisticated scheduling system in place is crucial. If it’s time to optimize patient scheduling at your practice, you need

Billing Issues That Affect a Practice’s Revenue Cycle

Revenue cycle management refers to billing for services and collecting revenue for healthcare service providers. Optimizing the billing process is a crucial protective factor to sustain a practice. Billing issues create problems at various points in the revenue cycle, but knowing where some of the most common sticking points are will better inform staff on

Why are Accounts Receivable Aging Reports So Important?

As assessment and diagnostic tools, it is tough to overemphasize the importance of your healthcare practice’s accounts receivable reconciliation, also known as accounts receivable (AR) aging reports. These standard reports offer a comprehensive impression of a practice’s financial status along with Insurance and patients’ aging. There are several reasons accounts receivable aging reports are essential

7 Steps to Reduce Claims Denial Rates in Your Medical Practice

Claims denials are avoidable! In fact, 90% of these denials are completely avoidable, and with more effective denial claims management, you can still receive payments for services rendered. If left unpaid, claims denials pose a significant risk to the financial wellness of your practice. We recommend outsourcing medical claims denial management to experienced claims specialists.

Accounts Receivable in Healthcare: What it is & how to Reduce A/R Days

Accounts receivable (A/R) in the healthcare industry is the lifeblood of the facility. Revenue keeps the bills paid and the doors open. It’s vital that staff keep tabs on all A/R processes to see if payers and patients make payments on time. That way, there isn’t an interruption in cash flow for the business. Unpaid

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