The healthcare industry is a dynamic field that poses increasing challenges for healthcare providers in effectively managing their revenue cycle. One viable solution is to collaborate with a competent Revenue Cycle Management (RCM) company to streamline and optimize the revenue cycle process. However, it is crucial to note that not all RCM partners are equal in terms of their capabilities and quality of services. Traditionally, […]
In the contemporary digital age, the healthcare sector has initiated the employment of robotic process automation and artificial intelligence to administer its revenue cycle. The adoption of automated workflows is inducing fewer inaccuracies, amplified collections, and overall profitability. Nevertheless, despite these advancements, certain revenue cycle management (RCM) procedures, particularly in specialty healthcare, still encounter a gap. For healthcare providers, efficient and sustainable RCM is of […]
There is a notable trend in the migration of specialized medical procedures from hospital settings to outpatient facilities, such as ambulatory surgery centers. These procedures include complex orthopedic, spinal, and cardiology surgeries, among others. The driving factors behind this shift include cost savings, technological advancements, convenience, safety, and positive outcomes. This transition is benefiting patients, healthcare providers, and payers alike.] The Centers for Medicare and […]
Ambulatory Surgery Centers (ASCs) have emerged as a crucial player in the healthcare industry as they offer a convenient and cost-effective alternative to hospital-based procedures. As the demand for ASC services continues to increase, it is imperative that these centers adopt a comprehensive and efficient billing process to ensure accurate and timely reimbursement. The U.S. ambulatory surgical centers market is predicted to expand at a […]
The healthcare industry is undergoing continuous transformation, and one of the most significant recent developments is the expansion of Ambulatory Surgery Centers (ASCs). ASCs are facilities that provide same-day surgical procedures on an outpatient basis, and they are increasingly popular as an alternative to conventional hospital or clinical settings. According to marketing reports, hospital inpatient procedures constitute less than 20% of the approximately 57 million […]
Recent Comments