Quintessence's articles What do you lose by not hiring a medical billing services company? s a healthcare provider, generating the right revenue for the services rendered is as important as providing the right treatment for the patients. This is because running a healthcare business is expensive, and for you to be able to offer comprehensive treatments, you need the cash flow to support it. Here is what you would […] March 4, 2024March 4, 2024 Saving Bookmark this article Bookmarked How to handle patient data management services internally? Handling patient data management services is extremely critical in the healthcare industry. Loss or theft of patient data can lead to large consequences that can bring down the reputation and financial stability of the organization. Here are ways you can handle patient data management successfully within the practice. Establish clear internal policies One of the […] February 13, 2024February 19, 2024 Saving Bookmark this article Bookmarked 5 reasons you may not need to hire third-party revenue cycle management services Revenue cycle management service is an integral part of all healthcare organizations because RCM helps streamline revenue generation and improve patient experience. However, there are a few cases where you may really not need to hire a third-party RCM service provider. Here are those scenarios. You have an expert in-house RCM team The first logical […] February 9, 2024February 9, 2024 Saving Bookmark this article Bookmarked 2023 challenges in healthcare Revenue Cycle Management services Whether you run an expansive hospital or a small independent clinic, Revenue Cycle management services remain the same – complex and challenging. It takes experts to set forth RCM processes right and handle them as situations and industry demands keep changing. In 2023, experts in the Revenue Cycle Management service industry talk about four main […] December 28, 2023December 28, 2023 Saving Bookmark this article Bookmarked What are Accounts Receivables management services, and why do you need them? Many healthcare practices reach out to third-party service providers to handle their medical billing and coding needs. One such service that has been overlooked in the past but is extremely crucial to take charge of right away is accounts receivable. Accounts receivables management services can help you take control of your cash flow and ensure you […] December 28, 2023December 28, 2023 Saving Bookmark this article Bookmarked Streamlining Your Revenue Cycle Management. How Outsourcing Patient Data Management Can Help? Outsourcing patient data management services can bring a multitude of benefits to healthcare organizations, enabling them to focus on providing quality patient care while ensuring the accuracy and security of their patient data. This blog will discuss why outsourcing patient data management services should be a crucial part of your healthcare strategy. Improved Accuracy and […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked Claims denial management services – How does this work in healthcare A recent study reveals that the denials rate has increased by 23% when compared to the numbers five years ago. Denied claims don’t contribute to the revenues of the healthcare practice, and this disturbs the financial stability of the practice immensely. Denial management services are the practice of streamlining claims submission to ensure there are no […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked Patient Balance – A significant but missed addition in the revenue cycle All medical practices have a certain amount of their revenue blocked as Accounts Receivable. This is normal, and it is the job of the backend team to bring down AR numbers and stabilize payments received. A very considerable and challenging part of AR is patient balance. is the balance cost that a patient is […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked Coding, Audits, and Compliance – The core of RCM services You could have provided exceptional healthcare service, and your team could have worked dedicatedly, getting the right patient information and creating bills. However, if your coding team doesn't work effectively, then your denials rate will remain high. Coding, audits, and compliance are important parts of RCM services that healthcare organizations need to focus on if they […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked The strategic advantages of hiring a third-party medical billing company in India If you are a healthcare provider struggling to handle large amounts of billing and transmission, then one of the obvious choices for you is outsourcing the process. Outsourcing medical billing reduces half of your backend tasks and helps you focus on your core strength – treating patients. You could let local medical billing companies […] December 26, 2023December 26, 2023 Saving Bookmark this article Bookmarked 3 ways a revenue cycle management company can improve efficiency and productivity As healthcare brands are growing in size, the need for effective backend support is increasing, too. As a revenue cycle management company, your role is extensive in managing and improving the revenues generated by your healthcare client. Simply put, an RCM service provider who handles billing, transmission, coding, and denials management for a practice […] December 19, 2023December 19, 2023 Saving Bookmark this article Bookmarked Three reasons why you shouldn’t work with a revenue cycle management company in India India is one of the richest countries in terms of human workforce and the availability of tools and technology. No wonder many of the top outsourcing service providers are located here. When it comes to healthcare, medical billing, coding, and revenue cycle management are some of the most important tasks given away for outsourcing. That’s […] December 14, 2023December 14, 2023 Saving Bookmark this article Bookmarked What are the pros and cons of hiring a revenue cycle management company in India? Access to budding and established talent India is not the same country that struggled with professional talent half a century ago. As a country, there has been an immense boost in skill and talent development and every other person you meet here will surprise you with the expertise and talent they come with. As […] November 15, 2023November 15, 2023 Saving Bookmark this article Bookmarked
What do you lose by not hiring a medical billing services company? s a healthcare provider, generating the right revenue for the services rendered is as important as providing the right treatment for the patients. This is because running a healthcare business is expensive, and for you to be able to offer comprehensive treatments, you need the cash flow to support it. Here is what you would […] March 4, 2024March 4, 2024 Saving Bookmark this article Bookmarked
How to handle patient data management services internally? Handling patient data management services is extremely critical in the healthcare industry. Loss or theft of patient data can lead to large consequences that can bring down the reputation and financial stability of the organization. Here are ways you can handle patient data management successfully within the practice. Establish clear internal policies One of the […] February 13, 2024February 19, 2024 Saving Bookmark this article Bookmarked
5 reasons you may not need to hire third-party revenue cycle management services Revenue cycle management service is an integral part of all healthcare organizations because RCM helps streamline revenue generation and improve patient experience. However, there are a few cases where you may really not need to hire a third-party RCM service provider. Here are those scenarios. You have an expert in-house RCM team The first logical […] February 9, 2024February 9, 2024 Saving Bookmark this article Bookmarked
2023 challenges in healthcare Revenue Cycle Management services Whether you run an expansive hospital or a small independent clinic, Revenue Cycle management services remain the same – complex and challenging. It takes experts to set forth RCM processes right and handle them as situations and industry demands keep changing. In 2023, experts in the Revenue Cycle Management service industry talk about four main […] December 28, 2023December 28, 2023 Saving Bookmark this article Bookmarked
What are Accounts Receivables management services, and why do you need them? Many healthcare practices reach out to third-party service providers to handle their medical billing and coding needs. One such service that has been overlooked in the past but is extremely crucial to take charge of right away is accounts receivable. Accounts receivables management services can help you take control of your cash flow and ensure you […] December 28, 2023December 28, 2023 Saving Bookmark this article Bookmarked
Streamlining Your Revenue Cycle Management. How Outsourcing Patient Data Management Can Help? Outsourcing patient data management services can bring a multitude of benefits to healthcare organizations, enabling them to focus on providing quality patient care while ensuring the accuracy and security of their patient data. This blog will discuss why outsourcing patient data management services should be a crucial part of your healthcare strategy. Improved Accuracy and […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked
Claims denial management services – How does this work in healthcare A recent study reveals that the denials rate has increased by 23% when compared to the numbers five years ago. Denied claims don’t contribute to the revenues of the healthcare practice, and this disturbs the financial stability of the practice immensely. Denial management services are the practice of streamlining claims submission to ensure there are no […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked
Patient Balance – A significant but missed addition in the revenue cycle All medical practices have a certain amount of their revenue blocked as Accounts Receivable. This is normal, and it is the job of the backend team to bring down AR numbers and stabilize payments received. A very considerable and challenging part of AR is patient balance. is the balance cost that a patient is […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked
Coding, Audits, and Compliance – The core of RCM services You could have provided exceptional healthcare service, and your team could have worked dedicatedly, getting the right patient information and creating bills. However, if your coding team doesn't work effectively, then your denials rate will remain high. Coding, audits, and compliance are important parts of RCM services that healthcare organizations need to focus on if they […] December 27, 2023December 27, 2023 Saving Bookmark this article Bookmarked
The strategic advantages of hiring a third-party medical billing company in India If you are a healthcare provider struggling to handle large amounts of billing and transmission, then one of the obvious choices for you is outsourcing the process. Outsourcing medical billing reduces half of your backend tasks and helps you focus on your core strength – treating patients. You could let local medical billing companies […] December 26, 2023December 26, 2023 Saving Bookmark this article Bookmarked
3 ways a revenue cycle management company can improve efficiency and productivity As healthcare brands are growing in size, the need for effective backend support is increasing, too. As a revenue cycle management company, your role is extensive in managing and improving the revenues generated by your healthcare client. Simply put, an RCM service provider who handles billing, transmission, coding, and denials management for a practice […] December 19, 2023December 19, 2023 Saving Bookmark this article Bookmarked
Three reasons why you shouldn’t work with a revenue cycle management company in India India is one of the richest countries in terms of human workforce and the availability of tools and technology. No wonder many of the top outsourcing service providers are located here. When it comes to healthcare, medical billing, coding, and revenue cycle management are some of the most important tasks given away for outsourcing. That’s […] December 14, 2023December 14, 2023 Saving Bookmark this article Bookmarked
What are the pros and cons of hiring a revenue cycle management company in India? Access to budding and established talent India is not the same country that struggled with professional talent half a century ago. As a country, there has been an immense boost in skill and talent development and every other person you meet here will surprise you with the expertise and talent they come with. As […] November 15, 2023November 15, 2023 Saving Bookmark this article Bookmarked