Efficient healthcare revenue cycle management ensures that your facility gets reimbursed in a timely manner for services provided to your patients. Filing claims and collecting payments are usually far from smooth-going. Attending to claims, appeals, and tremendous paperwork isn’t just time consuming for hospital management; it can be quite stressful for patients, as well. Here are three common problems with the revenue cycle management process followed by some resolutions on making your medical practice more efficient and profitable:
Lack of staff training
Who would like to lose thousands through coding mistakes? And even if you use RCM system technologies like data scanners and billing automation, these tools are only as good as the people who handle them.