Revenue Cycle Management (RCM): The Key to Optimizing Healthcare Finances

February 2, 2023 / Alex J. Lau / Articles, RCM, RCM Challenges, Revenue, Revenue Cycle Management, Revenue Cycle Management (RCM), Revenue Cycle Management Challenges, Revenue Integrity, Revenue Leakage

Revenue cycle management (RCM) is a crucial process in the healthcare industry, as it involves managing all aspects of healthcare billing and payment processes, from patient registration to payment collections. RCM is critical for healthcare providers to ensure that they receive timely and accurate payment for the services they provide, which is essential for financial […]

Healthcare Revenue Cycle Management Challenges

November 23, 2021 / Alex J. Lau / Articles, RCM, RCM Challenges, Revenue Cycle Management, Revenue Cycle Management Challenges

Healthcare Practices Face RCM Challenges Healthcare providers of all shapes and sizes are struggling to fine-tune their revenue cycle to adapt to changes in the billing world. Constant changes to the healthcare system have brought about a variety of new challenges for providers and patients alike. This is particularly true for smaller practices who must […]

Common Revenue Cycle Management Mistakes and How to Avoid Them

September 17, 2021 / Alex J. Lau / A/R, A/R Recovery, Articles, Billing Revenue, Medical Billing, Medical Billing Companies, Revenue Cycle Management

Common Revenue Cycle Management Mistakes Is Your Revenue Cycle Management in Top-Notch Condition? Let’s face it, we all make mistakes, even as veterans in revenue cycle management. Sometimes, though, our biggest mistakes are the ones right under our noses – the ones we simply don’t identify as mistakes because we’ve been making them for so […]

Higher Accuracy of Medical Claims Saves Revenue

July 10, 2021 / Alex J. Lau / Articles, HIPAA, HIPAA Compliant, Medical Billing, Medical Billing Companies, Medical Billing Cost, Medical Claims, Revenue Cycle Management

Healthcare Practices Save Money with Higher Accuracy of Medical Claims Reimbursement for medical practices has been impacted by numerous trends and healthcare industry changes over the past five to ten years. Medicare and Medicaid are constantly cutting physician reimbursement, third-party payers (UnitedHealth, BCBS, Humana, Anthem, Aetna, Cigna, etc.) have bargained for fee-for-service contracts with healthcare […]