OSI’s Article On Glaucoma Awareness Month Featured In BC Advantage Magazine

OSI’s Article On Glaucoma Awareness Month Featured In BC Advantage Magazine

Our medical billing and coding company is glad to announce that our “January is Glaucoma Awareness Month: Spread the Word, Protect Vision” has been featured in BC Advantage Magazine, the highly acclaimed CEU-approved national online healthcare publication. The article, written by Natalie Tornese, CPC, Senior Group Manager at Outsource Strategies International (OSI), appears in the Jan / Feb 2022 | Issue 17.1 of the magazine in the Billing and Coding Category.

OSI stays abreast with all happenings in the medical industry and regularly publishes articles and blogs on medical billing and coding as well as other interesting developments in the field of medicine.

The article discusses the importance of observing Glaucoma Awareness Month, which is celebrated in January. The leading cause of vision loss and blindness, glaucomais a group of eye disorders that lead to progressive damage to the optic nerve. More than 3 million people in the U.S. have glaucoma and the National Eye Institute expects this number to reach 4.2 million by 2030. Glaucoma is known as “the sneak thief of sight” as symptoms may not be obvious initially.

Glaucoma Awareness Month aims to spread the word about this sight-stealing disorder. The article notes that as Glaucoma runs in the family, patients can spread awareness by talking to their family members about the condition and encouraging them to get checked and screened for glaucoma. Those who understand their condition are more likely to manage themselves prudently as they follow their prescribed care plans, and adopt a healthy lifestyle.

Along with highlighting the importance of Glaucoma awareness month, the article also discusses key points such as risk factors, types, signs and symptoms, early diagnosis and treatment of Glaucoma. It also provides an overview of documenting glaucoma and related conditions using ICD-10 codes.

“As a company that has been providing medical billing, coding and other support functions such as insurance verifications and authorizations for medical offices in the USA for more than 15 years, we are proud of our accomplishments. Getting featured on BC Advantage Magazine validates our company’s culture of hard work and customer service,” says Rajeev Rajagopal, President of Managed Outsource Solutions.

Along with contributing articles and blogs on medical billing and coding, OSI has been successfully providing accurate medical billing, coding, and insurance verification services to the healthcare industry for more than 15 years. The company’s AAPC-certified coders have a strong understanding of ICD-10-CM and CPT requirements and procedures, and stay up-to-date with coding changes, payer-specific documentation requirements, and state and federal regulations.

Moreover, to provide customized solutions for all medical specialties, OSI leverages its medical billing and coding expertise. Their experience and expertise have been continuously recognized and featured by BC Advantage Magazine, the largest independent resource provider in the industry for medical coders and billers, healthcare auditors, practice managers, compliance officers, and clinical documentation experts.

For more information about Outsource Strategies International, please visit: www.outsourcestrategies.com.

Healthcare Revenue Cycle Management Market Growth – Insights

Healthcare Revenue Cycle Management Market Growth – Insights

Healthcare revenue cycle management (RCM) refers to the process of handling billing, payment processing, and revenue collection in healthcare practices. RCM comprises front-end processes such as patient appointment scheduling, insurance eligibility verification and authorization, upfront collections, and back-end processes such as payment posting, accounts receivable, and denials management. Professional medical billing companies provide comprehensive accounts receivable management services ranging from charge capture to payer/insurance follow-up, accounts receivable analysis, and ongoing monitoring and reporting of receivables risk exposure.

According to a report from Global Market Insights, the healthcare revenue cycle management market size that exceeded USD 98.3 billion in 2020 is expected to reach USD 230.3 Billion by the year 2027. The market is anticipated to grow at a CAGR of over 12.9% from 2021 to 2027.

Key factors that are expected to drive the market growth are:

  • Growing demand for health insurance in countries like the U.S.
  • Increasing optimization of healthcare revenue cycle management
  • The surge in technological advancements
  • Growing demand for health insurance in North America
  • High preference for big data analytics
  • Technological advancements in HRCM solutions
  • Increasing healthcare expenditure in developed and developing economies

However, factors such as frequent changes in healthcare regulatory compliance and lack of trained professionals are among the pitfalls and challenges related to market growth.

How Big Data Analytics Helps Healthcare Revenue Cycle Management

High preference for big data analytics and its integration in the healthcare revenue cycle management process is expected to create more growth opportunities. Ranging from genomic testing to large imaging studies or any payment transactions, big data analytics can handle exploding amounts of medical data, worldwide. Hospitals in developed countries are using big data analysis and AI applications in the areas of coding and billing, denial prediction, and insurance pre-certifications.

The utilization of big data analytics software helps healthcare practices to

  • store a large amount of data
  • reduce operational costs
  • increase the efficiency of services provided to patients
  • benefit from efficient data processing and analysis

By managing vast amounts of data using big data analytics and machine learning, many healthcare providers have improved productivity in their revenue cycle management process.

The report divides the market on the basis of Product, Function, Deployment, and End-use.

By product, the market is divided into Integrated and Standalone segments. The Integrated segment accounted for USD 79.7 billion in 2020. Rising demand for integrated systems is predicted to promote the healthcare revenue cycle management market progression. Large healthcare service providers prefer integrated systems to process large databases.

These end-to-end systems can

  • combine front and back-office data flows
  • provide easy access to clinical data from electronic health records, and
  • streamline the complete healthcare revenue cycle management process

The rising interest of customers in integrated healthcare revenue cycle management solutions comprising patient appointment scheduling, medical billing, and electronic health records applications is expected to drive the segment growth during the forecast timeframe.

By function, the market is segmented into Claims & Denial Management, Medical Coding & Billing, Insurance Eligibility Verification, Payment Remittance, and Others. Growing demand for claims & denial management programs is expected to accelerate the industry expansion.

With the increasing awareness among people residing in developed countries regarding available reimbursement scenario, the claims & denial management segment held around 28.5% of revenue share in 2020. Rising interest in reimbursement policies will increase the demand for claim and denial management systems, thus augmenting the industry progression during the forecast period.

On the basis of deployment, the market includes On-premise and Cloud-based solutions. Increasing preference for cloud-based solutions is expected to push the market demand. The cloud-based segment in the market reached more than USD 74.7 billion in 2020. Being a cost-effective option, cloud-based systems are of relatively high preference as compared to on-premise software systems. Cloud-based solutions ensure ease of operations and provide timely updates for a better user experience.

End users of the Healthcare RCM market are Hospitals, Physician Offices, Diagnostic Labs & Ambulatory Surgical Centers, and Others. The Hospital segment accounted for 37% of the market share in 2020. High acceptance of healthcare revenue cycle management software in hospitals to optimize revenue by enhancing management of coding, accounts receivable, claims processing, self-pay collections and insurance follow-ups is further predicted to motivate the segment expansion. The use of HRCM software helps hospitals with increasing cash flow that helps them in achieving sustainable financial performance.

Geographically, the market is divided into North America (U.S., Canada), Europe (UK, Germany, France, Italy, Spain, Russia), Asia Pacific (Japan, China, India, South Korea, Australia), Latin America (Brazil, Mexico, Argentina), Middle East & Africa (Saudi Arabia, UAE, South Africa). Rising healthcare expenditure in North America will drive the market growth. Owing to the notable changes in regulations that have positively influenced the organization, finances, and delivery of healthcare services, this region has dominated the market and captured over 47% of revenue share in 2020. The increasing number of hospitalizations is predicted to increase the need for healthcare revenue cycle management solutions, thereby driving the regional growth. Also, the growing prevalence of chronic diseases such as diabetes, cancer, and others contribute to the increased demand for healthcare services and subsequent increase in healthcare expenditure.

Some of the key players operating in the market are Accretive Health (R1 RCM), AGS Health Inc., AllScripts, Athenahealth CareCloud Corporation, Cerner Corporation, Conifer Health Solutions, Change Healthcare (Emdeon), Experian Information solutions, Inc., Gebbs Healthcare Solutions, McKesson Corporation, Optum (The Advisory Board Company), and SSI group among others. These companies are implementing various growth strategies to maintain competition and secure a prominent position in the market.

BC Advantage Magazine’s September Edition Features OSI’s Article As Cover Story

BC Advantage Magazine’s September Edition Features OSI’s Article As Cover Story

BC Advantage, the highly acclaimed, CEU-approved national online healthcare publication has published two of Outsource Strategies International (OSI)’s articles titled “September is World Alzheimer’s Month” and “October is Breast Cancer Awareness Month: Promote Awareness about Breast Health” in its Sept / Oct 2021 | Issue 16.5. “October is Breast Cancer Awareness Month: Promote Awareness about Breast Health” is also featured as the cover story in this edition. Outsource Strategies International is a reputable medical billing and coding company that stays abreast with all happenings in the medical community, and is known to make timely contributions in the form of articles and blogs on medical billing and coding as well as other interesting developments in the field of medicine.

bc advantage magazines

The cover story that was authored by the company’s Senior Solutions Manager, Meghann Drella, CPC, provides a comprehensive overview of breast cancer, the most commonly occurring cancer and the second most fatal cancer in women. The article mainly focuses on why October is observed as “National Breast Cancer Awareness Month (NBCAM)” in the United States every year. The article highlighted that the month-long NBCAM campaign garnered significant support for breast cancer awareness and research funding – and thereby created advances in the diagnosis and treatment of breast cancer – which brought about substantial increase in breast cancer survival rates, while the death rates associated with the condition have steadily declined. The author also focused on details such as the prevalence of this deadly disease, as per reports from BreastCancer.org; its causes and risk factors; different types of breast cancer; stages of breast cancer; identifying the signs and symptoms and how to prevent this cancer by early detection, diagnosis, and treatment. Importantly, this article discusses how physicians can code breast cancer using the right medical codes. You also get to know the CPT/HCPCS Codes to Report Screening Mammography.

alzheimers month

The other article, “September is World Alzheimer’s Month” discusses the importance of observing World Alzheimer’s Month – observed every year in September – which provides the opportunity to raise awareness about the condition and challenge the stigma that surrounds it. You can read about the prevalence and incidence of the disease, its causes, risk factors, signs, symptoms, challenges in diagnosing Alzheimer’s and its treatment. Information about documenting and coding Alzheimer’s disease and dementia (which is coded separately from Alzheimer’s disease) also find space in this article.

OSI has been successfully providing accurate medical billing, coding, and insurance verification services to the healthcare industry for more than 15 years. The company’s AAPC-certified coders have a strong understanding of ICD-10-CM and CPT requirements and procedures, and stay up-to-date with coding changes, payer-specific documentation requirements, and state and federal regulations.

“As a company that has been providing medical billing, coding and other support functions such as insurance verifications and authorizations for medical offices in the USA for more than 15 years, we are proud of our accomplishments. Getting featured on BC Advantage Magazine validates our company’s culture of hard work and customer service,” says Rajeev Rajagopal, President of Managed Outsource Solutions.

Earlier too, OSI’s articles “March Is Multiple Sclerosis Education and Awareness Month”, “September is Rheumatic Disease Awareness Month”, and “How the COVID-19 Pandemic has Affected Mental Health” had appeared as cover stories in BC Advantage Magazine.

OSI strives to leverage its medical billing and coding expertise to provide customized solutions for all medical specialties. Our experience and expertise have been continuously recognized and featured by BC Advantage Magazine, the largest independent resource provider in the industry for medical coders and billers, healthcare auditors, practice managers, compliance officers, and clinical documentation experts.

For more information about Outsource Strategies International, please visit: www.outsourcestrategies.com.

OSI’s Article on National Women’s Health Week Featured in BC Advantage Magazine

OSI’s Article on National Women’s Health Week Featured in BC Advantage Magazine

A reputable medical billing and coding company, Outsource Strategies International (OSI)’s article “National Women’s Health Week: Promote Healthy Choices” has been featured in BC Advantage Magazine, the highly acclaimed CEU-approved national online healthcare publication. The article, written by Natalie Tornese, CPC, the company’s Senior Group Manager, appears in the May / June 2021 | Issue 16.3 of the magazine in the Practice Management Category.

“As a company that has been providing medical billing, coding and other support functions such as insurance verifications and authorizations for medical offices in the USA for more than 15 years, we are proud of our accomplishments. Getting featured on BC Advantage Magazine validates our company’s culture of hard work and customer service,” says Rajeev Rajagopal, President of Managed Outsource Solutions.

The article provides a comprehensive overview of the importance of observing National Women’s Health Week which is celebrated in May, starting on Mother’s Day. Observed every year from May 9 – 16, the National Women’s Health Week’s goal is to remind women to take better care of themselves and make their health a priority. The article notes that in addition to focusing on their physical wellbeing, women and girls also need to pay attention to their mental health and build psychological resilience to face crises, such as the COVID-19 pandemic – as millions of women have underlying medical conditions that put them at higher risk of severe illness from the virus that causes COVID-19.

The article discusses key points such as health issues that affect women differently – heart disease, depression and stress, Sexually Transmitted Diseases (STDs), pain conditions, urinary tract infections- and health issues that are unique to women – such as certain types of cancer, gynecological health issues, pregnancy-related conditions and infertility issues. Along with this information, the article also covers women’s health – diverse gender-specific services and a few measures to promote physical and mental health. It also discusses medical coding for Women’s Health Services – using ICD-10 and CPT codes; and CPT Codes for Preventive Health Services.

OSI has been successfully providing accurate medical billing, coding, and insurance verification services to the healthcare industry for more than 15 years. The company’s AAPC-certified coders have a strong understanding of ICD-10-CM and CPT requirements and procedures, and stay up-to-date with coding changes, payer-specific documentation requirements, and state and federal regulations.

Along with this article, another Article by OSI titled “How the COVID-19 Pandemic has Affected Mental Health” has been featured as the cover story of the BC Advantage Magazine. The article discusses the importance of mental health and how the COVID-19 pandemic affected mental health. Along with this, the article also discusses the 2021 Mental Health Month, as it is the time for everyone to come together and show their support for those who suffer from mental disorders and illnesses.

Earlier, OSI’s articles titled “March Is Multiple Sclerosis Education and Awareness Month” and “September is Rheumatic Disease Awareness Month” had appeared as cover stories in BC Advantage Magazine’s MARCH / APRIL 2021 | Issue 16.2, and Sept / Oct 2020 | Issue 15.5 respectively.

To provide customized solutions for all medical specialties, OSI leverages its medical billing and coding expertise. Their experience and expertise have been continuously recognized and featured by BC Advantage Magazine, the largest independent resource provider in the industry for medical coders and billers, healthcare auditors, practice managers, compliance officers, and clinical documentation experts.

For more information about Outsource Strategies International, please visit: www.outsourcestrategies.com.

BC Advantage Magazine’s May Edition Features OSI’s Article as Cover Story

BC Advantage Magazine’s May Edition Features OSI’s Article as Cover Story

A reputable medical billing and coding company, Outsource Strategies International (OSI)’s article “How the COVID-19 Pandemic has Affected Mental Health” has been featured as the cover story of the BC Advantage Magazine, the highly acclaimed CEU-approved national online healthcare publication. Written by the company’s Senior Group Manager, Natalie Tornese, CPC, the article appears in the May / June 2021 | Issue 16.3 of the magazine.

“As a company that has been providing medical billing, coding and other support functions such as insurance verifications and authorizations for medical offices in the USA for more than 15 years, we are proud of our accomplishments. Getting featured on BC Advantage Magazine validates our company’s culture of hard work and customer service,” says Rajeev Rajagopal, President of Managed Outsource Solutions.

May is observed as Mental Health Month, and the article provides a comprehensive overview about the importance of mental health and how the COVID-19 pandemic affected mental health.

According to the World Health Organization, mental health is “a state of well-being in which every individual realizes his or her own potential, can cope with the normal stresses of life, can work productively and fruitfully, and is able to make a contribution to his or her community.” As the nation is dealing with the devastating impact of the COVID-19 pandemic on mental health – due to the worry and anxiety brought on by social isolation and economic uncertainty – the article notes that observing Mental Health Month has gained new significance on mental health and wellbeing.

The article shares some key data points from the National Council for Behavioral Health regarding mental illness, pandemic-related consequences that impact both mental and physical health, which generation people get affected mostly, and different treatment options. The article also points out some challenges people face due to the ever-increasing demand for treatment such as access to mental health services and cost. Importantly, this article discusses the CPT codes commonly used to report mental health services – and specific CPT codes to report health behavior assessment and health behavior intervention.

For more than 15 years, OSI has been successfully providing accurate medical billing, coding, and insurance eligibility verification services to the healthcare industry. The company’s AAPC-certified coders have a strong understanding of ICD-10-CM and CPT requirements and procedures, and stay up-to-date with coding changes, payer-specific documentation requirements, and state and federal regulations.

The article also discusses the 2021 Mental Health Month, as it is the time for everyone to come together and show their support for those who suffer from mental disorders and illnesses. The theme for this year is Make Mental Health a Priority and moreover, Mental Health America is highlighting #Tools2Thrive in 2021 to provide individuals with information and coping strategies around common struggles that affect mental health—especially during the COVID-19 pandemic.

The article concludes on the note that by observing Mental Health Month during the COVID-19 crisis, we could end the stigma, raise awareness, and reach out to someone who may need our assistance.

Along with this article, the BC Advantage Magazine also featured another OSI’s Article titled “National Women’s Health Week: Promote Healthy Choices” in this same issue. This article discusses the importance of observing National Women’s Health Week which is celebrated in May, starting on Mother’s Day.

Earlier, OSI’s articles titled “March Is Multiple Sclerosis Education and Awareness Month” and “September is Rheumatic Disease Awareness Month” had appeared as the cover story of BC Advantage Magazine’s MARCH / APRIL 2021 | Issue 16.2 and Sept / Oct 2020 | Issue 15.5 respectively.

OSI strives to leverage its medical billing and coding expertise to provide customized solutions for all medical specialties. Their experience and expertise have been continuously recognized and featured by BC Advantage Magazine, the largest independent resource provider in the industry for medical coders and billers, healthcare auditors, practice managers, compliance officers, and clinical documentation experts.

For more information about Outsource Strategies International, please visit: www.outsourcestrategies.com.

BC Advantage Magazine’s March Edition Features OSI’s Article as Cover Story

BC Advantage Magazine’s March Edition Features OSI’s Article as Cover Story

A reputable medical billing and coding company, Outsource Strategies International (OSI), is proud to announce that BC Advantage Magazine, the highly acclaimed CEU-approved national online healthcare publication featured an article – written by our Senior Solutions Manager, Meghann Drella, CPC – as their March edition – MARCH / APRIL 2021 | Issue 16.2 – cover story. The article is titled “March Is Multiple Sclerosis Education and Awareness Month”.

BC Advantage Magazine

The article provides a comprehensive overview of a chronic inflammatory disease that affects the central nervous system, multiple sclerosis (MS). According to the recently updated Atlas of MS, more than 2.8 million people worldwide are estimated to be living with MS, including about 1 million in the United States. It is believed that MS is an autoimmune disease in which the body’s immune system attacks the healthy tissue and damages the protective coverings of nerve cells, affecting the brain, spinal cord, and optic nerve. When the nerve cells lose their ability to transmit information, it causes balance problems, weakened vision, fatigue, and other symptoms throughout the body.

As the title implies, it’s an awareness month, and the article highlights the fact that March is observed as Multiple Sclerosis Education and Awareness Month to spread awareness about the condition and to support people living with the condition. It also discusses the major risk factors – such as sex, genetic factors, smoking, infections, vitamin deficiencies and emotional stress – that cause MS, signs and symptoms, four types of MS, diagnosis and treatment options.

The importance of early and rapid diagnosis of MS and its treatment options are discussed at length in the article, along with the ICD-10 codes to report the condition. Accurate billing and coding are crucial for the financial health of medical practices and physicians. Documenting the patient’s signs and symptoms clearly and correctly is necessary to ensure coding to the highest level of certainty. The article also discusses some guidelines for E&M code selection – as visits with MS patients can take time – which helps in better reimbursement for services provided.

Established in 2002, OSI is a healthcare business process outsourcing company based in the U.S. The company provides end-to-end medical billing and coding services and practice management solutions for all medical specialties, from front office administrative management to back office coding, billing and collections. They serve medical practices, physicians, dental practices, and dentists. OSI’s medical billing team is also specialized in insurance eligibility verification and authorization.

OSI’s team of skilled AAPC-certified coders has a solid understanding of HCC coding, ICD-10-CM and CPT requirements and procedures, and stays up-to-date with coding changes, payer-specific documentation requirements, and state and federal regulations.

OSI strives to leverage their medical billing and coding expertise to provide customized solutions for all medical specialties. The company’s experience and expertise have been recognized by BC Advantage Magazine, the largest independent resource provider in the industry for medical coders and billers, healthcare auditors, practice managers, compliance officers, and clinical documentation experts.

Earlier, another of OSI’s articles titled “September is Rheumatic Disease Awareness Month” had also appeared as the cover story of BC Advantage Magazine’s Sept / Oct 2020 | Issue 15.5.