According to a report from Markets and Markets, the global revenue cycle management (RCM) market is predicted to reach USD 90.43 billion in 2022 from USD 45.59 billion in 2016, growing at a CAGR of 12.1%. The base year considered for the study is 2016, and the...
Revenue cycle management of healthcare system involves patients, healthcare providers, medical billing companies, and insurance companies. Several reports highlight that just as the previous years, 2018 too will see diverse changes in the healthcare revenue process....
In this transitional scenario where the industry is moving from fee-for-service to value-based payment, healthcare providers need novel strategies to optimize reimbursement. The following best practices for revenue cycle management (RCM) can improve accuracy and...
Success in managing the revenue cycle depends on efficient handling of all the processes from patient enrollment and medical eligibility verification to medical coding and billing and payment collection. Accurate capture of all the information at each stage and proper...
With rising health care costs, insurance companies are sharing the increased costs with patients in the form of high deductibles and greater copayments. With higher patient responsibility, collecting patient copays has become an important element in physician...