Medicare Revenue Recovery: Understanding KPIs To Maximize Your Financial Solvency
Medicare organizations and hospices strictly adhere to Revenue Cycle Management (RCM) to ensure a steady stream of revenue in the 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 strive towards. However, to elevate […]
A Comprehensive Guide to Outsourcing Medical Billing!
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 […]
How to Boost Your Revenue Collection With A Denial Management Company?
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 […]