In the competitive healthcare landscape, Maximizing AR Collections is paramount for financial stability and growth. Effective accounts receivable (AR) management is not just about chasing outstanding payments; it’s a strategic imperative that underpins the entire revenue cycle. This comprehensive guide, “Maximizing AR Collections: A Guide to RCM Best Practices,” delves into key strategies and technological […]
The U.S. healthcare industry continues its digital transformation, with providers and payers embracing electronic transactions to streamline revenue cycle management (RCM) processes. According to the CAQH Index, adoption of electronic claims management transactions—such as eligibility verification, claim submissions, and claim status inquiries—has reached or surpassed 80% for many transaction types. However, significant gaps remain in […]
The importance of Artificial Intelligence (AI) in Medical Coding is often understated and also overstating the same is quite difficult.. to get in-depth with how AI is actually bringing changes in MCA, we must get to the basics of what Medical Billing and Coding really are. Medical Coding Medical coding, if we talk about it […]