Optimizing RCM Services in your Healthcare Business
From overlooking the revenue funnel to managing collections and claim submissions, revenue cycle management is a full-time job and the most crucial element of any healthcare facility. It starts when the patient books an appointment because delivering quality services to the patients has a direct impact on the reputation of any healthcare facility. Why is […]
8 Things About Digital Health and RCM We Learned at Becker’s Annual Meeting
In early October, CareCloud’s medSR division joined more than 180 live exhibitors at the 2022 Becker’s Health IT + Digital Health + RCM Annual Meeting in Chicago to not only share the value of RCM with U.S. healthcare providers but also to learn about the information technology issues plaguing the healthcare industry, as well as […]
What Is IoMT (Internet of Medical Things)?
Over the past years, IoT (Internet of Things) has evolved from a little-studied progressive technology into a reality that surrounds us everywhere. With its advent, the world has experienced a new level of digitization, ranging from smart homes and factories to sensors in transport and wearables. Today, IoT matters in the healthcare industry most since […]
Why data and analytics are key to your RCM strategy
The challenges of running a business in the increasingly regulated healthcare industry are plenty– from accurately entering claims information to securing reimbursement and collections. Fragmented and inefficient revenue cycle management (RCM) processes can lead to disastrous results for a healthcare organization, and without the necessary insight into exactly where those problems lie, finding a solution […]
Rethinking RCM Strategy to Increase Reimbursements
Revenue cycle management (RCM) is not only about handling medical billing and coding. But it is about streamlining your work process with focused attention so that you achieve your revenue goals. The claim reimbursement rate is a key factor that ensures your financial health and improves RCM. The basic goal of RCM doesn’t limit to […]
What is Revenue Cycle Management (RCM)?
Revenue Cycle Management (RCM) Revenue Cycle Management (RCM) refers to the process of identifying, collecting, and managing the practice’s revenue from payers based on the services provided. A successful RCM process is essential for a healthcare practice to maintain financial viability and continue to provide quality care for its patients. The move toward value-based reimbursement […]