Have you noticed a recent rise in reimbursement claims denials? Denied claims are increasing across the U.S., creating a frustrating and precarious situation for regional hospitals.
A well-functioning revenue cycle is essential for Federally Qualified Health Centers (FQHCs) to effectively manage their finances, maximize revenue, and ensure the sustainability of their operations. Revenue cycle management (RCM) involves the process of tracking patient care from registration and appointment scheduling to the final payment of services rendered.
It includes capturing patient information accurately, verifying insurance coverage, coding services provided, submitting claims to payers, and following up on unpaid claims. Keep reading to learn more about how FQHCs can benefit from professional RCM services.
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.
For the past month, we've been publishing a weekly blog on industry news that has caught our attention specific to revenue cycle and
Healthcare organizations depend on revenue generation to continue providing services for their communities. When revenue lags, revenue cycle optimization can address the issue quickly as long as your billing team has enough expertise.