Any busy federally qualified health center (FQHC) will frequently encounter the most common denial codes in medical billing. Denial codes show precisely why the payment source rejected reimbursement.
How does your organization handle denials? Each denial is an opportunity to follow up and secure approval. Addressing them promptly ensures you have the best odds of claiming maximum revenue.
Accounts receivable (AR) recovery services improve cash flow by helping companies collect aging payments before they become uncollectible. A strong AR recovery plan helps a regional hospital or health center stimulate revenue flow.
This article explains how AR recovery services work and why they are essential for organizational and community health.
Successful medical practices must stay ahead of constant changes in the U.S. healthcare system. This includes new cuts to Medicare reimbursement rates putting your revenue at risk. Typically, these cuts are made through the physician fee schedule (PFS) and the hospital outpatient prospective payment system (OPPS).
Medicaid payments are a vital source of revenue for a community health clinic. As a federally qualified health center (FQHC), your practice relies on receiving a steady flow of Medicaid reimbursements.
Taking control of your revenue cycle could be the best thing you ever do for your healthcare practice. With the right revenue cycle management strategies in place, a health clinic can become more profitable while maintaining its focus on patient care.
This article defines billing and revenue cycle management and outlines the best practices for creating a healthier revenue cycle.