Revenue Cycle Management

Synopsis - Integrated solution for Revenue Cycle trouble and Medical Records Overview Physician practices be being c completelyed on to do to a greater extent than ever before. Todays medical students must treat more patients, document interactions more meticulously, wrangle with more complex managed explosive charge rules, keep track of an ever-expanding array of drugs, submit and track claims and even out rising malpractice insurance bills. In many cases, physicians must treat 20 percent more patients than they did five years agone to generate the same revenue. In the face of these burdens, some practices are struggling to remain financially viable. For many practices, the biggest impediment to meeting these challenges is continual administrative burden, a lack of automated clinical documentation, and inefficient practice workflow systems. Despite the dramatic advances in many areas of health care technology over the past several(prenominal) years, most physician practices?especially small and midsize ones?are let off using the same manual and paper-based office management systems theyve employ for decades. With mounting pressure from insurers, government agencies, and patients, physician practices need to refresh the ways they work and interact.

As physicians see more patients and insurers withdraw reformed documentation for rapid processing of claims, the manual healthcare systems that were adequate in the past will become little and less able to meet new demands. The problem The paperwork burden among fly/small group physicians is immense, adversely impacting the quality of patient care. In addition a common glitch in all the revenue cycle stages are inefficiencies, resulting in delays and loss of recoverable revenue. The consequences Revenue Cycle ManagementMedical records ?Disproportionate quantity of working capital tied up in receivables ?The highest approach of collection in comparison to other industries ?The average M.D. physician has more than $150,000 in outstanding accounts receivables at... If you want to get a full essay, order it on our website: Orderessay

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