Talent shortage in US healthcare: Issues Brewing among Registered Nurses
In the midst of widespread skill shortage in the US healthcare sector, the nursing sector requires special attention. The Bureau of Labor Statistics estimates that 3.17 million registered nurses (RN) are employed in the USA as of May 2023, making them the largest group of expert healthcare workers. Numbering far more than the number of […]
Resolving Quality and Integrity Challenges in Medical Coding
Medical coding is a highly complicated process, to the point that an entire industry has been built around coding solutions as part of the US healthcare ecosystem. The objective of the coding process is to ensure accurate communication of diagnosis and treatment information from the provider to the payer, eliminating the subjective nature and converting […]
Medical Billing and Revenue Cycle Management: 5 Typical
Challenges For Healthcare Providers and How to Address Them Every medical practitioner has two crucial responsibilities towards ensuring the long term sustenance of his/her practice. One, deliver the standard of care and healthcare outcomes that patients seek from him/her. Two, earn sufficient revenue to keep the practice financially viable and ensure cash flow to meet […]
5 Benefits of Outsourcing Healthcare Provider Revenue Cycle Management
The US healthcare sector is constrained like never before with cost pressures, uncertain demand and inconsistent supply of skilled staff. Increasingly strict payer policies combined with a tough regulatory stance makes the whole business of reimbursements quite complicated. The problem is not unsolvable in today’s scenario, but it demands a decisive approach. Hospital CFOs who […]
Healthcare Revenue Cycle: 5 strategies for effective denial management
The US Healthcare industry runs on a complex chain of processes. Providers deliver care to patients but rely on institutional payers (such as health plans and insurance companies) to earn most of their revenue in the form of claim reimbursements. While the treatment decisions are made and executed by the provider, the payer has the […]