10 Benefits of Remote Revenue Cycle Management Programs

Remote Revenue Cycle Management The remote revenue cycle management industry has been booming in recent years. A growing number of healthcare organizations are making the switch. Should your organization make the switch to a remote revenue cycle management (RCM) program? These third party service providers make big promises – but do they actually live up to these promises? Today, we’re exploring the benefits of remote revenue cycle management programs. Fewer Denied Insurance Claims Insurance claims may be denied because of inaccurate coding or other chargemaster issues. Good remote revenue cycle management services can reduce denied insurance claims. 90% of claim denials are preventable, and yet they still occur at every […]

What’s Involved in a Revenue Cycle Assessment? How Do Revenue Cycle Experts Maximize Medical Profits?

A good revenue cycle assessment will help your organization become more profitable. But what’s involved in a revenue cycle assessment? How can revenue cycle experts maximize medical profits? What actionable steps will revenue cycle assessment experts help you implement? Today, we’re explaining everything you need to know about what’s involved in a revenue cycle assessment. Areas of Revenue Cycle Assessments Some organizations perform a revenue cycle assessment on their overall organization, hiring a consulting company to conduct a bottom-to-top assessment. Other organizations request specialized revenue cycle assessments in one or more areas of the organization. Typically, revenue cycle assessments focus on the organization’s core areas, including: • Pre and post-system […]

The Best Strategies Small, Rural Hospitals Are Using to Survive

Millions of Americans depend on small, rural hospitals for healthcare. Unfortunately, due to several challenges, many of these small hospitals are struggling to survive. Between 2010 and 2014, 47 rural hospitals across America stopped providing inpatient services, according to a report by the Rural Health Research Gateway. An additional 673 rural hospitals are at-risk for closure. Today’s climate may seem daunting for small, rural hospitals – but it doesn’t have to be. Today, we’re highlighting some of the best strategies today’s small, rural hospitals are using to survive. Conduct Top-to-Bottom Financial Analyses, Audits, and Assessments Good hospital management starts with good data. One of the smartest things a small hospital […]

How Healthcare Revenue Cycle Consulting Services Help Maintain Compliance

Healthcare Revenue Cycle Consulting Services in Compliance With today’s complex regulatory requirements, compliance is more important than ever for healthcare organizations. That’s why leading healthcare organizations hire healthcare revenue cycle consulting services to help maintain compliance. Today, we’re explaining how healthcare revenue cycle consulting services like HMI Corp. help organizations maintain compliance at every level of a healthcare organization. What is Healthcare Compliance? Compliance means meeting or exceeding the standards set for legal, ethical, and professional operation of healthcare organizations. Any organization handling electronic protected health information (ePHI) is required to maintain compliance by implementing appropriate processes, policies, and procedures. Consulting Services Help Maintain Compliance in 7 Targeted Areas The […]

Top 5 Ways a Healthcare Revenue Cycle Consulting Service Can Boost your Bottom Line

Healthcare Revenue Cycle Consulting Services Today’s leading healthcare organizations rely on healthcare revenue cycle consulting services to be successful. How can a consulting service like HMI Corp boost your organization’s bottom line? Today, we’re highlighting some of the ways healthcare consulting services can enhance your organization’s revenue. Intelligent Security Auditing The security of a healthcare organization is paramount. Security audits can identify weaknesses within all aspects of an organization’s operations. A security audit can identify problems with premises security, for example, and the ways in which malicious individuals might attempt to access facilities. Or, the audit could identify digital security issues, including how the employees respond to phishing attempts. Without […]

How Does Medical Coding Work? What Does a Medical Coder Do?

What Does a Medical Coder Do? Medical coding is an in-demand profession at healthcare organizations across the country. Despite the surging demand for medical coders, however, many people do not understand how medical coding works. Today, we’re explaining what medical coding is, how it works, and how a medical coder adds value to an organization. What is Medical Coding? Medical coding traces its origins all the way back 17th century recordkeeping in England. During this time, clinics kept crude records for each patient, using specific numbers and ‘codes’ to track the treatment received by each patient. Today, the American Academy of Professional Coders (AAPC) defines medical coding as, “the transformation […]

Unique Strategies Today’s Top Medical Organizations Use to Maximize Revenue Using Revenue Cycle Management Consulting Services

Medical Organizations Use to Maximize Revenue Using Revenue Cycle Management Consulting Services Smart medical organizations do everything in their power to maximize revenue – from implementing new technologies to minimizing unnecessary costs. Today, we’re highlighting some of the unique strategies America’s top healthcare organizations are using to maximize revenue by Revenue Cycle Management Consulting Services They Get E/M Coding Right The evaluation and management (E/M) patient visit is a crucial part of any healthcare organization. Good healthcare organizations can maximize revenue by understanding how to properly document and code E/M patient visits. Proper documentation and coding does more than just boost revenue; it also reduces the stress of audits and […]

7 Advantages of Hiring a Case Management Service Provider

Case Management in Healthcare A good case management service providers in Healthcare, optimizes multiple aspects of your operation. Today, we’re highlighting some of the most important advantages of hiring a case management service provider in Healthcare.   Improved Processes at Every Stage The first and most important benefit of a case management service is that it improves processes at every stage of your operations. A well-designed case management system implemented by a knowledgeable team is a guaranteed way to improve internal processes. Customizable dashboards, for example, allow an organization to create a system that works for its unique needs. Instead of shoe-horning an outdated solution into your organization, a well-designed […]

The Importance of Hiring a Licensed Medical Contract Coder

Licensed Medical Contract Coder for Healthcare The American Association of Professional Coders (AAPC) is America’s largest medical coding training and credentialing organization for healthcare contract coders. Today, we’re explaining the importance of hiring a licensed medical contract coder for your organization.   Affordable Coding Without Compromising on Quality Sometimes, outsourcing a job to a remote worker leads to issues with quality or security. Medical organizations, of course, cannot afford to compromise on quality or security. That’s why good licensing is crucial. Good licensing ensures your outsourced medical contract coders meet a certain minimum set of requirements for quality and security. At the same time, these outsourced specialists cost significantly less […]

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