STRATEGIES FOR EFFICIENTLY RECOVERING DENIED MEDICAL CLAIMS
Introduction Medical billing is a complex process, and denied claims are an unfortunate reality that healthcare providers often face. These denials can result in delayed payments and lost revenue, which can significantly impact a healthcare practice’s financial health. However, with the right strategies and proactive measures, providers can effectively recover denied claims and optimize their […]
5 Best Practice for Eligibility Verification
Author: Rajdeep Saha, Revenue Management Lead
Verifying patient eligibility is an important part of the end-to-end revenue cycle management and medical billing process. It enables providers to submit error-free claims. Reduces rejections/denials due to non-eligibility reasons, maximizes collections, and enhances patient satisfaction with less need for claims re-submissions in Revenue Cycle Management services.
7 Successful Billing and Coding tips for Durable Medical Equipment (DME)
Author: Subhadeep Ganguly, Senior Revenue Cycle Management Lead
Durable Medical Equipment (DME) providers play a key role in the patient care continuum. Typically, DMEs are small businesses with limited resources. This requires them to ensure that the billing and coding for the products and services are done correctly the first time to ensure smooth cash flow and business operations.
Transitional Care Management (TCM) Services
Transition care management is a vital component of healthcare that focuses on ensuring a seamless and coordinated transition for patients as they move from one phase of care to another. This often involves the transfer of a patient from a hospital or acute care setting to a post-acute care setting, such as a rehabilitation facility, skilled nursing facility, or home care. We have listed 5 key factors that will help you to achieve a successful TCM service for your patients.
Myths and Facts about Medical Billing
Medical billing is a complex and often misunderstood aspect of healthcare administration. Several myths and misconceptions surround the process of medical billing, leading to confusion and misunderstandings.
Patient-Centered Care in Cardiology Practice
Patient-centered care is a foundational principle in modern healthcare, including cardiology practice management. It emphasizes the importance of tailoring medical care to the individual patient’s needs, preferences, and values. In the context of cardiology, where patients often face complex and life-altering decisions, adopting patient-centered care principles can greatly improve the overall experience for both patients and healthcare providers.
Life in Healthcare : The Globe Centrix Way
Our jobs are an integral part of our lives, our identity, one can say. Some of us already know that and many of us will soon find out. Now, working in healthcare is a whole other story, albeit a very unique and rewarding story.
Outsourcing : The Elephant In The Revenue Cycle
Outsourcing has always been associated with some form of stigma but with the healthcare industry facing shortages in labor like never seen before, events like the great resignation of the 21st century, and increasing operational cost bundled with shrinking profits, it may just be a blessing in disguise. A global RCM delivery solution may just be the answer to revive the market. Now as is the case with everything, there is a right way to do it and a wrong one. If done right, it can reduce costs by up to 60% and help the providers, clinics and facilities become profitable and serve the patients and the community to the best of their abilities.
Remote Patient Monitoring (RPM) is growing fast! Are you ready?
Remote Patient monitoring (rpm) is growing fast! Are you ready? During the pandemic, the Telehealth market saw significant growth. However, Telehealth growth has diminished. However, with expansion of the IoT (Internet of Things) applications in the Healthcare industry, the remote patient monitoring for chronic conditions has grown significantly since 2019. The field continues to show […]
Unprecedented high labor costs are squeezing employers’ pockets
As companies tried to keep up with inflation in a historically tight labor market, worker pay and benefits increased once more in the second quarter. The Labor Department said that total compensation increased by 1.3 percent, which is not far off from the record first-quarter increase of 1.4 percent. The cost of labor for employers […]