Introduction A healthcare reimbursement model refers to a mechanism/approach by which healthcare professionals receive payment against provided medical services. There are different types of healthcare reimbursement models that exist in different countries based on their priorities. Reimbursement models have always been linked with ethical aspects. These models outline the process of healthcare compensation for medical […]
Introduction What is Healthcare Revenue Cycle Management (RCM) Revenue cycle management (RCM) is a comprehensive process that consists of three important steps. The identification of revenue, collection of revenue, and administration of a healthcare financial income. As far as the healthcare industry is concerned, the process starts with appointments and scheduling with the patients, and […]
Introduction Claim Denial management in the Healthcare industry is considered the most important discipline. As per statistics, Healthcare institutions have denial rates ranging from 5 to 10%. This substantial denial rate results in a substantial amount of revenue loss every year for all medical service providers. It has also been observed that the issue of […]
Introduction Accurate record keeping, reimbursement, and data analysis are only possible with medical coding. Historically, medical coding has been a tedious and time consuming task, with opportunities for human error and inefficiency. Recently, however, with the help of AI, great changes have been made in fully automating and streamlining the medical coding process. In this […]
Introduction Demand for medical billing services is high all around the world because of rising healthcare expenditures and an aging population. Medical billing and coding represent a significant amount of the $6.2 trillion Americans will spend on healthcare by 2028. Medical facilities need to implement medical billing and coding procedures to keep up with the […]
What is Ophthalmology Medical Billing And Coding? Ophthalmology is a branch of medicine that specifically deals with the diagnosis and treatment related to the eyes. It also deals with the management of a diverse range of medical conditions and disorders related to the eyes. The Highly trained medical professionals known as ophthalmologists. They play a […]
Introduction In contrast to other medical treatments, medical billing for anesthetic services involves special requirements and challenges. Failing to follow these particular requirements might result in claim rejections. That is the reason it requires a thorough understanding of anesthetic administration and payer laws. Due to its complexity and the wide range of treatments it covers, […]
Introduction Accurate medical coding of wound care procedures is an imperative aspect of the healthcare billing process. Healthcare professionals must understand this coding system. This helps them to ensure proper reimbursement and process potential legal complications more accurately. In the current healthcare environment, the dynamic nature of the healthcare industry has forced healthcare professionals to […]
Introduction: What is Genetic Medical Billing and Counselling? Genetic medical billing and counseling is an imperative discipline in the healthcare industry that provides information regarding genetic conditions. It is imperative because the genetic condition of an individual may impact his family. A genetic counselor or another healthcare professional plays an influential role in this regard. […]
Introduction: What is Orthopedics? Orthopedics is a branch of medicine specialized in dealing with various issues related to the body’s support structure. This specifically includes bones, joints, muscles, ligaments, tendons, nerves, and even the skin. These components together make up the musculoskeletal system. The musculoskeletal system is like the scaffolding of the human body. It […]