Healthcare providers face multiple revenue cycle management (RCM) challenges, from billing and collections inefficiencies and complex reimbursement models to inaccurate charge capture and changing government regulations.
AAPC defines medical coding as the transformation of healthcare diagnosis, procedures, medical services and equipment into universal medical alphanumeric codes. In financial terms, medical coding is the life blood of the practice. It's how the services you provide turn into billable revenue.
The No Surprises Act becomes effective January 1, 2022. The question that remains is this: will providers ultimately be the parties surprised by out-of-network care reimbursement?
While these Surprise Billing legislations and regulations continue to evolve, they are not going away - Prepare your practice or billing company with ImagineSoftware’s Patient Responsibility Estimation tool.
When you come across the term “robotic process automation,” you might think it sounds like a futuristic idea. However, RPA, as it’s often called, is a technology increasingly being utilized in the healthcare industry, including medical billing.