What Is Revenue Cycle Management In Healthcare Facilities?
Avontix, Avontix Blog, rcm service providers, RCM services, RCM services in Hyderabad, revenue cycle management Avontix March 9, 2021 March 9, 2021
Revenue cycle management (RCM) is the management of finances, a crucial process that keeps an organization going on a daily basis. Medical billing plays a major role in the efficient functioning of the RCM process and thus the healthcare facility. If facilities do not focus on their financials they would be floundering no matter how […]
Create an Efficient Revenue Cycle with Effective Denial Management
Avontix, Avontix Blog, rcm service providers, RCM services, RCM services in Hyderabad, revenue cycle management Avontix February 23, 2021 February 23, 2021
A healthcare facility’s health depends on its revenues from reimbursements and out-of-pocket payments from the patients. While payments from patients can be collected with a little ease with a few processes in place, reimbursements from insurance payers are not that easy and they become even more difficult in cases where the claims are denied. A […]
A Walk-through the Revenue Cycle Management In Healthcare Facilities
Revenue cycle management (RCM) is the management of finances, a crucial process that keeps an organization going on a daily basis. If facilities do not focus on their financials they would be scrambling no matter how excellent their patient care would be. In order to have an efficient revenue cycle, it is necessary to understand […]
Prevent Medical Billing Errors to Maintain Healthy Patient-Provider Relationship
Avontix, Avontix Blog, best medical billing company, medical billing, revenue cycle management Avontix January 29, 2021 January 29, 2021
A healthcare facility’s growth depends on the healthy patient-provider relationship that is dependent on the quality of services the facility provided to the patients. Healthcare facilities work hard in every department right from the physicians to the support staff to ensure that the patients have a positive experience with the facility and get great patient […]
Revenue Cycle Management in the Healthcare Industry
Avontix Blog, Avontix, best medical billing company, rcm service providers, RCM services, RCM services in Hyderabad, revenue cycle management Avontix January 19, 2021 January 19, 2021
Hospitals, clinics, and small practices provide healthcare industry services that play a critical role in improving health and saving lives. Although providing healthcare is a service, healthcare providers cannot offer their services free of cost. Every healthcare organization has to develop and follow certain processes and uniform procedures to maintain their financial health and survive […]
How Can Medical Billers Avoid Claim Denials?
Avontix, Avontix Blog, rcm service providers, RCM services, RCM services in Hyderabad, revenue cycle management Avontix January 15, 2021 January 15, 2021
Medical billing is a critical process in the revenue cycle management of every healthcare providing organization and helps the healthcare provider get its dues in the form of timely claim reimbursements for the services provided. A medical billing denial results in revenue losses for the provider and affects the bottom line negatively. A medical bill […]
Clinical Documentation Improvement and its Benefits
Avontix, Avontix Blog, healthcare documentation blog, healthcare documentation services Avontix January 2, 2021 January 2, 2021
The creation of digital records with the details of medical treatment, clinical tests, and medical trials is called clinical documentation which is a core process of every patient encounter. Accurate and timely clinical documentation that reflects the scope of services provided properly helps to represent a patient’s clinical status accurately so that it can be […]
Common Revenue Cycle Myths that Affect Healthcare Providers
Avontix, Avontix Blog, healthcare documentation companies, rcm service providers, RCM services, RCM services in Hyderabad, revenue cycle management Avontix December 17, 2020 January 28, 2021
Healthcare providers have a tough task in optimizing their revenue cycle because of the nature of business they are in that deals with the health of people. Although it is challenging in the beginning stages, it is not entirely difficult to drive revenues to increase cash flow if healthcare facilities are capable of making their […]
Ways Healthcare Facilities Can Improve Charge Capture
revenue cycle management, Avontix, Avontix Blog, RCM services in Hyderabad Avontix December 3, 2020 December 3, 2020
Charge capture is an important process of revenue cycle management that helps the physicians and healthcare facilities to record the services and procedures performed on patients that is later on submitted to the insurance companies to get the reimbursement. Doctors record and transfer the charge capture information in various ways like using spreadsheets, post-it notes, […]
Ways to Take Control of Medical Accounts Receivables
Avontix, Avontix Blog, best medical billing company, medical billing, rcm service providers, RCM services, RCM services in Hyderabad, revenue cycle management Avontix June 30, 2020 June 30, 2020
One common thing that bothers healthcare providers is poor accounts receivables management and the unacceptable cash flows resulting thereby. Healthcare providers can focus on providing quality healthcare only when they have proper revenues and problems in accounts receivables result in loss of revenue. The revenue cycle management of a healthcare provider involves achieving the shortest […]