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Revenue Cycle Management - Billing & Collections

The revenue cycle decision
The revenue cycle decisionEven the most experienced physicians and practice managers face a daunting dilemma on the financial front: Should they handle billing and collections internally or hand over these tasks to an external vendor? There are strategies that physicians can use to evaluate potential vendors and make the best decision for their practice.
10 tips to assess Revenue Cycle Management vendors
Maximize patient collections using the web
Maximize patient collections using the webWith the addition of EHRs and patient portals, many practices today are better positioned to incorporate modern processes and procedures to manage their accounts receivables more effectively, particularly by improving collections from patients.
Evaluation and management: bill the correct level of careKnowing which CPT code to use for an evaluation and management visit can boost your revenue and help avoid audits
How to build a strategic business plan for your practice
How to build a strategic business plan for your practiceA well-structured strategic business planning process can help your practice in both the short and the long term
10 tips to assess Revenue Cycle Management vendors
10 tips to assess Revenue Cycle Management vendorsOutsourcing revenue cycle management can ease strain on practices, but physicians must study the details before signing a contract.
Claim denials: 15 ways to fight back
Claim denials: 15 ways to fight backWith claim denial rates expected to rise in coming years, here are some of the most common reasons for non-payment and suggestions for ways to capture revenue for your practice.
Lines of credit: A tool to boost reserves and sustain cash flow at your practiceThe revenue cycle model for a medical practice is more complex than many other businesses, and a line of credit can be a lifesaver for a practice dealing with operational disruptions.
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