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Medical Billing Services vs. Revenue Cycle Management: What’s the Difference?
Your practice can not survive without revenue. While most of your payments come from medical billing, your financial success depends on many other factors. If your practice needs help boosting its revenue, a medical billing service or revenue cycle management company may be the solution. Here is what your practice needs to know about medical […]
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7 Ways to Improve Your Healthcare Revenue Cycle Management
Your practice’s finances depend on strong revenue cycle management processes. Here are seven tips to help your practice improve its healthcare revenue cycle management processes and your overall financial health. Tip #1: Analyze Your Denials and Identify Your Problem Areas Your practice management system is a powerful tool to help improve your revenue cycle management. For […]
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Why Is Revenue Cycle Management Important in Healthcare?
Revenue cycle management helps your practice maximize reimbursement and get paid faster. When your healthcare practice’s finances are in order, you can invest more in your core mission — your patients’ health. Here is why high-quality revenue cycle management is important in healthcare. Revenue Cycle Management Improves the Patient Experience Revenue cycle management in healthcare begins […]
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What is Revenue Cycle Management in Healthcare?
Your practice helps your patients stay healthy, but are you looking out for your financial health? Revenue cycle management is the process your practice uses to keep track of your coding, billing, accounts receivable, and revenue. A strong revenue cycle management approach will help you get paid faster and reduce denied claims, saving you time […]
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Why Use Revenue Cycle Management Companies?
Medical billing is the cornerstone of your practice’s financial success. If your practice is struggling to keep up with medical billing, revenue cycle management companies can help. These companies offer a range of services from outsourcing to temporary support through medical biller staff augmentation to get your practice back on track. Here is how your practice can […]
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8 Ways to Improve Your Medical Claims Billing Process
Your practice’s medical claims billing process can make or break your revenue cycle which will have a significantly detrimental effect on your bottom line. High claims denial rates, slow reimbursement, and delinquent accounts can all point to problems with your billing processes. Here are eight ways to improve your medical claims billing process. 1. Improve […]
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Integrating NextGen EPM With Your General Ledger System
NextGen’s Enterprise Practice Management and Billing Software (NextGen EPM) is a critical tool for your practice. It helps you schedule patients and manage your revenue cycle through billing payers and track your accounts receivable performance with ease, saving you time and money. But you will still need general ledger software to keep your books for your entire […]
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6 Qualities That Make a Good Medical Billing Specialist
Your practice’s financial health depends on hiring and retaining highly effective medical billing specialists. This growing back-office position helps ensure your practice gets paid on time for the services your providers perform. A knowledgeable medical biller will help you improve your billing practices and reduce denied claims, saving you time and money. Here are six key qualities […]
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How Medical Billing Errors Negatively Affect a Practice
Medical billing errors are common. Insurance changes, coding mistakes, and even simple typos can cause payers to deny your claims. Here is how medical billing errors negatively affect your practice, and what you can do to prevent them. What Are Medical Billing Errors? Billing payers for your providers’ services is the financial backbone of your medical […]
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How NextGen EPM Usability Can Increase Productivity
There are many moving parts within a healthcare practice, and to work efficiently, you must stay on top of all the variables. Management of your practice’s revenue cycle is an essential aspect of maintaining a healthy bottom line. Improving the usability of NextGen Practice Management (NextGen EPM) revenue cycle solutions are critical to meeting financial […]