Wednesday, October 26, 2016

Revenue Cycle Management Companies Identify Issues and Help Solve Them

For a hospital to continue providing quality healthcare for its patients, it needs to make profits, and these earnings are dependent on the revenue cycle. The revenue cycle involves several processes, from the time a patient comes in to get treatment, up to the time he is billed, and until he or his insurance provider makes payment for such services.

There are instances, however, wherein a hospital faces challenges when it comes to revenue, further stressing the need for decisive action on the part of the management.

Errors in Data Gathering

Revenue cycle management often involves pinpointing the cause of lost revenue or potential debt in a hospital. At times, this happens when front line staff make errors when interviewing patients as soon as they enter the facility. They make mistakes in inputting the correct data about a patient’s personal info, contact details, his condition and meds, and others. Read more on this article:

Friday, October 14, 2016

Applying for Benefits for Disabled Patients

If you have patients that are disabled or have become disabled, they may apply for social security disability benefits. The Social Security Administration (SSA) accepts applications filed by individuals or through hospitals, healthcare providers, and insurance providers.

Tuesday, October 11, 2016

Health Insurance Options: Making Smart Choices

As a hospital, an added service that you can give to your clients is to present them with their options for health insurance, especially if they have never applied for it before. If your patients find the right health coverage for their needs, then you won’t have to worry about getting reimbursed for your facility’s services. The best you can do is focus your attention on improving your staff’s services and providing the best care possible.