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

Avoid Claim Denials: The Root Causes and How to Prevent Claim Denials

Did you know that roughly 14% of all medical claims get rejected? That equates to over 200 million claim denials every day. For tips on how to prevent claim denials, take a moment to review this guide. First, let’s discuss the root causes of claim denials. Are there patterns to the claim rejections you receive?

The Ultimate Guide for Billing and Coding for Health Services

More than 10,000 baby boomers turn 65 years old each day. By 2031, the last of the boomers will hit retirement age. That means that, as the largest generation becomes our oldest population, we will start to see an influx of patients requiring care. Providing exceptional medical care will require a collaborative effort by everyone

6 Reasons Why Revenue Cycle Management is Important

Any hospital or healthcare system needs a comprehensive revenue cycle management system. Maintaining a high standard of care is only possible when the healthcare provider’s fiscal management process runs efficiently. Each healthcare system should tailor its revenue operations solution to meet its unique goals. A successful revenue cycle management system will help you identify and

6 Revenue Cycle Management Challenges Faced by Healthcare Providers

Implementing an efficient revenue cycle management system alleviates claim discrepancies and improves revenue collections. Benefits include a simplified claims process, reduced healthcare and patient fraud, and lesser administrative burden. If your healthcare system or provider suffers from common revenue cycle management (RCM) challenges including collections, lack of training, and difficulty meeting compliance standards, a revenue

22nd Anniversary of Mangalam

Reaching new milestones of success, we are celebrating 22 years of Mangalam! Here’s envisioning a new wave of growth and expansion!

Telehealth Solutions: Everything You Need to Know About Telehealth

telehealth solutions to access healthcare from their laptop

Our health systems have revolved around in-person care for a long time. Telehealth isn’t new, but the Covid-19 pandemic caused use to skyrocket to levels 38 times higher than they were pre-pandemic. Nearly four in ten Americans now use telehealth services, and 43% say they want to continue using telehealth beyond the pandemic. It’s more

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