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Revenue vs Practice Optimization: What is the difference? 

Health Prime

However, Practice Optimization takes a holistic approach, addressing operational efficiency, staff productivity, and patient satisfaction. Revenue Optimization Revenue Optimization in the context of medical billing refers to the strategies and processes implemented to maximize the income generated by a healthcare facility.

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The 11 Best Patient Engagement Tools to Improve Your Practice 

Medical Advantage

Today’s patients are digitally savvy and expect a seamless, personalized interaction with their healthcare providers. This shift in expectations has led to innovative patient engagement tools that improve patient care and foster stronger relationships between patients and providers.

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Understanding Oncology Medical Billing: Essential Tips and Guidelines 

CollaborateMD

The process involves verifying the patient’s coverage, accurately documenting medical history, submitting claims promptly, and ensuring compliance with regulations. Oncology medical billing requires understanding medical coding to run a successful oncology practices. What is Oncology Medical Billing?

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The Impact of AI on Revenue Cycle Management: Transforming Healthcare Reimbursements

ACMA Blog

Through enhanced coding and charge capture, these algorithms analyze clinical documentation to propose precise medical codes, minimizing the risk of undercoding or overcoding while ensuring comprehensive coverage of billable services.

Billing 40
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Health Information Exchange: What It Is and Why It Matters

Ciox

Delayed Care: In emergency situations, the time taken to locate and access crucial patient information can negatively affect health outcomes and, in some cases, become a matter of life or death. This coordinated approach leads to better management of the patient’s mental health and improved diabetes control.

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What You Need To Know About Value-Based Payment Models

Relias

Before value-based care (VBC) started to emerge, public and private payers were actively seeking to lower costs. One approach was the managed care model, which focused on managing risk and containing costs. It was largely unsuccessful because it deprioritized quality and patient satisfaction.

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Optimize your Revenue Cycle Management for the New Year 

Health Prime

Prioritizing accurate coding is equally vital for your RCM. Medical coding translates the services rendered into universally recognized codes for billing purposes. Therefore, regular training and education for coding staff are essential to stay ahead of coding changes, compliance standards, and industry best practices.

Billing 52