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Healthcare Revenue cycle management companies and Data security

Healthcare Revenue cycle management Data security

 

One of the key areas that healthcare revenue cycle management companies need to focus is information security. Due to the sensitive nature of information that the RCM companies deal with, it is mandatory to maintain a secure work environment; but the ‘road to perfect security’ does not end just with that! Whenever technology blossoms with new innovations facilitating businesses and common people around the globe, the flip side is the possible exploitation of that technology for illegal activities. The U.S. healthcare industry is under constant threat of this unwritten ‘law of technology’! Continue reading “Healthcare Revenue cycle management companies and Data security”

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Extended Business Office for Revenue Cycle Management Services

In this fast-paced world, several business organizations compete with one another – not just make profits and grow – but to earn the goodwill and trust of their clients as well. In that list, US based medical billing companies are no exception! The demands and deadlines set by the clients are high and so are their expectations. Working in a normal and steady phase will not help in satisfying their needs. One has to work exponentially harder without compromising on the quality to meet such tight deadlines, which is definitely a herculean task. Continue reading “Extended Business Office for Revenue Cycle Management Services”

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ACOs – How does it change the healthcare landscape?

With the adoption of the PPACA and the HITECH Acts as a part of the ARRA in 2009, the stage was set for the rollout and fast implementation of ACOs.  The idea for an ACO was mooted only in 2006 and the very quick adoption and movement towards this model only highlights the importance of reigning in uncontrolled healthcare spending in the US (compare this to the almost 20 year delay in implementation of ICD-10!!!). Continue reading “ACOs – How does it change the healthcare landscape?”

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Why is documentation crucial in medical billing and coding?

With the medical billing and coding industry evolving and changing at an unprecedented rate, the focus has shifted from simple (paper?) to complex and complete documentation – be it on the clinical or process side. As and when new changes get announced, there is more and more emphasis on the necessity for proper documentation. Continue reading “Why is documentation crucial in medical billing and coding?”