intellircm

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 …

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 …

Healthcare systems worldwide utilize Revenue Cycle Management (RCM) to track patient payments. It’s a complex process, starting from the patient’s initial appointment to the final payment rendered for their treatment. Any backup or slowdown in the process – from late claims filing to waiting on patient payments – costs you time, money, and effort. Revenue …

Medical billing is the arduous payment process for medical services provided by a third-party payer – most commonly represented by an insurance company. The entire procedure involves step-by-step processing, commonly referred to as healthcare revenue cycle management. The process includes many different modifications to build a flexible budget and financial policy for the medical organization …

Every healthcare claim falls into the hands of insurance claim adjusters, who are responsible for verifying all information and passing it through numerous stages of processing in order to reach the right verdict. However, even if the insurance claims data is correctly submitted, there’s a chance that the patient or the medical clinic will receive …

Medical billing is essential for any medical institution because any hospital or medical entity that collaborates with insurance companies cannot properly function without on-time and deserved payouts. In addition, this multilevel healthcare process helps you to get payments from health insurers, which includes resolving any disputes and subsequent claims that have been delayed or denied. …

When patients receive treatment and care they pay a certain amount for healthcare services. With the inclusion of insurance companies, healthcare is seldom a simple transaction between two parties. Due to third parties entering the mix, there are additional steps taken to process payments. This is why many institutions turn to outside help. Accounts receivable …

The healthcare industry is viewed as a system with many interconnected elements that act as a whole. In other words, it is a complex dynamic chain consisting of many services, links, sectors, and units that need to be managed. The RCM system is the ideal solution for tracking healthcare organization service quality, and there are …