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Showing posts from October, 2022

5 Methods for Evaluating Your ASC Billing Process

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  Visionary service providers invest much time learning how to assess invoicing competency. With the use of current data, ASCs may make precise modifications that result in a workforce that is productive. However, practices frequently must catch up on crucial regions that demand evaluation.‍     Here are five ways to measure the effectiveness of your ASC billing process .    Adopt Key Performance Indicators ASC Billing     Key Performance Indicators on Board:   An ASC should monitor key performance indicators (KPIs), and quantifiable standards, throughout time. The performance of practice will be masked if proper KPIs are not defined and followed.   Some of the essential billing requirements are listed below:   ● Clean Claims Percentage : A high clean claims percentage suggests accurate billing. Examine market statistics to establish the appropriate claim acceptance rate for your practice.   ● Annual Changes : The financ...

Top 5 priorities for the healthcare CFOs of the future

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    Medical technologies that can efficiently complete activities that formerly required innovators have developed numerous people. Automation offers healthcare RCM services that run rampant in most sectors. Despite this development, hospital CFOs have not implemented systems that would streamline certain operations.   ‍   Here are the healthcare RCM services priorities hospital CFOs need to target.   Staff Training   Most medical AI solutions used in healthcare RCM services are created to support employees rather than replace them. These programs can harm an organization's success if misapplied. Even though some systems function well without human intervention, many still depend on staff supervision.     Automation promotes small,highly skilled workforces. Thus procedures can contribute to developing a top-tier workforce. Competent suppliers will use machine/human interactions to increase the productivity of their staff. ...