Healthcare Reimbursement Simplifield

Improved Cashflow - Maximized Revenue

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How outsourcing billing can help you provide the highest level of care

September 29, 2022

Is your agency ready for the full transition to the HHVBP model? Have you planned who will be responsible for the reporting and documentation? Here’s why you should include outsourcing your billing responsibilities in your plan.

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4 Ways Outsourcing RCM Functions Can Benefit Your Practice

December 27, 2021
revenue recovery services in dallas

As the world’s begin to open up in reaction to the COVID-19 epidemic of the novel coronavirus, it’s difficult to predict what the future holds for healthcare. The epidemic has been a major source of concern for healthcare providers and organizations worldwide, and it is having a significant impact on revenues and the revenue cycle management business. Many hospitals and health systems are experiencing substantial financial losses, which are affecting the whole revenue cycle and revenue recovery…

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7 Surefire Signs That you Should Outsource your Medical Billing

December 11, 2021
outsourcing medical billing

Wondering whether you should outsource medical billing services or not? Your medicare staff might be weighing on options and determining the best course of action to maximize your revenue stream. A healthy revenue cycle has a significant effect on the overall growth of your healthcare organization as your staff can then provide optimum care to patients. However, in-house medicare billing is a bit costly, exhausting and inefficient step, as your staff has more important tasks to handle.…

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5 Proactive Medical Billing Tips to Maximize your Revenue Collection

December 2, 2021
maximize medical billing

The latest updates in the US healthcare system have brought a plethora of new challenges for both patients and medicare providers. The introduction of a value-based and time-consuming compensation model and intermittent alteration in the healthcare policy can cause a significant revenue loss to the medicare providers across the USA. Failure to stay up to date on the ever-changing medical billing rules and regulations and medical billing and coding errors, result in medical practices leaving up to…

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Top 5 Mistakes To Avoid While Managing Medical Billing And Collection

November 25, 2021
medical billing and collection

A reliable and steady revenue stream is requisite for running an efficient medical practice. If your billing errors are not optimized for success then it’s difficult to achieve it. Whether they incur denials, delayed payments, lost productivity, or client complaints; medical billing errors can inflict detrimental effects on your revenue cycle management. Eliminating medical billing errors is integral for your bottom line, so you have to narrow down common billing mistakes that your practice is prone to…

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Why outsourcing Hospice medical billing is substantial for your Medicare practice?

November 19, 2021
Outsourcing medical billing

Revenue cycle management is an integral component of all hospice and Medicare practices. No matter how exceptional the performance of your Medicare staff, you can’t keep the doors open based on the quality care you provide. Paying close attention to finances is unequivocally just as important. Medicare practices and hospices may find themselves scrambling to remain viable, while other practices around them are thriving if they do not maintain a steady stream of revenue. In the end,…

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Medicare Revenue Recovery: Understanding KPIs To Maximize Your Financial Solvency

November 17, 2021
best practices for Medical billing

Medicare organizations and hospices strictly adhere to Revenue cycle management (RCM) to ensure a steady stream of revenue in form of reimbursement for the care they provide to patients. Increasing collections, managing denials, and re-submitting and scrubbing claims are a few requisite revenue cycle activities for practices to accomplish. However, to elevate the revenue cycle and ensure the profitability of your practice you need to be cognizant of the KPIs. Moreover, your Revenue recovery strategy must track…

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A Comprehensive Guide to Outsourcing Medical Billing!

November 9, 2021

When it comes to flourishing home health or hospice agencies, in-house employees are unequivocally the top contributors to organizational success. However, regardless of their skill, talent, and capability, these professionals lack the availability and time to keep tabs on the Medicare industry’s ever-changing tides. So, it turns out that outsourcing medical billing can prove to be highly beneficial for the smooth functioning of your organization. At Dominion Revenue Solutions, we have collaborated with numerous home health and…

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How to Boost Your Revenue Collection With A Denial Management Company?

November 5, 2021
Revenue Collection

Optimizing claim denial management strategies can aid Medicare providers in recouping lost revenue and maximizing reimbursements. Medicare organizations most often lose a significant amount of yearly, monthly, and daily revenue just because they are unable to cope with claim denials effectively. What is Claim Denial? Claim denial is a refusal of an insurance company to honor the request of an individual to pay for his/her health care services obtained from a health care professional.   Studies have found…

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How The PDGM Phase Out – Notice of Admission Will Effect Your Agency

October 15, 2021

If you aren’t up to speed on MEDICARE’s No-Pay RAP requirement changes, it’s not too late. Dominion Revenue Solutions wants to help home health agencies like yours understand precisely how adding the 2022 Notice of Admission (NOA) changes will affect you and avoid payment reductions from transpiring due to non-compliance. Notice of Admission CMS has set out to eliminate RAPs by the end of 2021 and move forward with a 2022 Notice of Admission (NOA) requirement; this…

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Healthcare Reimbursement Simplified

Improved Cashflow - Maximized Revenue

 

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Cedar Hill, Texas 75104
Phone: 1-888-471-9333
Fax: 214-489-7435