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Showing posts from February, 2023

What Are The 11 Steps Involved In The Revenue Cycle Management Process?

 Revenue cycle management services healthcare providers manage their financial operations effectively. RCM encompasses the entire process of managing a patient’s account from the time they schedule an appointment to the collection of their payment. It involves multiple steps, including patient scheduling, charge capture, claims submission, payment posting, and accounts receivable management. The goal of revenue cycle management is to ensure that healthcare organizations are accurately capturing charges, submitting claims in a timely manner, and collecting payments for the services they provide. Moreover, 3Gen Consulting is a leading provider of revenue cycle management (RCM) services, offering end-to-end solutions for healthcare providers. Their team of experienced RCM professionals has a deep understanding of the revenue cycle process and uses a data-driven approach to identify and address any inefficiencies in the system. Effective RCM helps healthcare organizations to improve their

7 Benefits Of Medical Billing Outsourcing Services

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  Did you know that doctors are taught patient billing services in med schools? Believe it or not but performing medical billing and coding is a hard nut to crack. Wondering why? Well, think about it – interacting with the healthcare providers to keep tabs on the patient treatment records and data, reporting the correct clinical data in software, reviewing the diagnostic results and procedures, assigning accurate corresponding medical codes, and processing the data for insurance; a medical biller’s job is quite complex. The times are changing. Unless a medical practice is solvent enough to hire its own patient-billing staff, outsourcing medical billing to professional and specialty services is the right step forward.  Before explaining the benefits of entrusting medical billing services and outsourcing companies, let’s first find out the problems of trusting not-so-proficient billers.  What are the risks associated with medical billing and coding?  Medical billing is truly complicated