Effective revenue cycle management (RCM) is essential for optimizing financial performance in healthcare organizations. To achieve this, keeping a close eye on specific metrics related to RCM billing is crucial as they provide insight into the efficiency and effectiveness of FQHC RCM processes. By focusing on these key performance indicators (KPIs), healthcare providers can identify areas for improvement, enhance collection processes, and secure their financial health.
Artificial intelligence (AI) and automation are making big changes in the medical field, reshaping how healthcare happens in the United States. A nationwide study found that 90% of healthcare companies had an automation strategy in place by the year 2020, up from 53% the year prior. Today, almost every healthcare organization is actively planning its future with AI.
Why are billing and coding such significant aspects of the AI discussion? It’s because they fit naturally into the skillset of automation.
How efficient is your community health organization’s mental health billing? The community healthcare model presents a different set of challenges from the traditional healthcare billing process.
Below, we’ll explain this model in more detail and share five best practices you can use to improve your billing for mental health services.
Learn the six most important things a healthcare organization should consider for proper FQHC billing services during the credentialing process.
Finding Patients with Insurance Who Are Medicaid Eligible
Medicaid eligibility can be a huge source of untapped reimbursements for providers of every size. By identifying patients who presented as self-pay but are actually Medicaid eligible, providers can grow their revenue by up to 10% annually, according to a study byTransUnion.