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Maximizing Revenue and Improving Efficiency Through Optimal Revenue Cycle Management
Author: Syed Mustafa Revenue cycle management (RCM) is a crucial process for healthcare organizations, as it involves managing the financial aspects of the organization and optimizing its financial performance. The goal of RCM is to maximize revenue and minimize costs, while also improving the efficiency of financial processes. To achieve these goals, it is important for healthcare organizations to understand and optimize each step in the RCM process. The RCM process includes several key steps, which can be thought of
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PHARMACIST ROLE IN CLINICAL ASSESSMENT
Author: NAYANA M Pharm D Intern Bapuji Pharmacy College Keywords: clinical pharmacist, public health, ADR (adverse drug reaction), pharmacovigilance, OTC (over the counter), TDM (therapeutic drug monitoring) Introduction: Pharmacists are healthcare professionals who guide individuals with their medications. They also help patients perceive their medications, including how to take them, potential reactions, and responsiveness to their queries. They also make sure that the medications prescribed for patients contribute to the most effective potential health outcomes. Pharmacy as a profession
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Patient Demographics
Author: Konda Ashwini ENTRY OF PATIENT DEMOGRAPHICS. Providing the greatest treatment and services for patients is the top priority of every healthcare professional. The provider must first have a thorough understanding of their patients in order to do that. Patient demographics are crucial for this reason. The data you gather from patients can reveal a lot about their requirements, enabling you to deliver better care and the most efficient therapies. This article is intended for medical professionals and practice owners
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A Comprehensive Review Of Outsourcing Related To Revenue Cycle Management (RCM) In The Healthcare System
Author: Arup Pramanick Revenue Cycle Management (RCM) can be defined as the process of tracking every stage of the patient care process, from making an appointment to paying the final bill. It is a facility that uses medical billing software to maintain administrative data, including the financials and the patient’s medical or healthcare information (personal information, insurance provider, treatment procedure, etc.). Components of RCM system There are four aspects that are most important to keep in mind while creating
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HEALTHCARE BPO: A DOREMON OF HEALTHCARE SECTOR – GROWTH PROSPECTS IN INDIA
Author: Devaraj A, Oxford College of Pharmacy We all know how Nobita gets his work done from Doremon, and we all wish we had a buddy like him to provide a helpful hand. In the large region of the healthcare industry where many treatments must be conducted, it takes a lot of time, energy, and money. Healthcare workers must handle activities such as billing and accounting, management services, claims management services, research and development, pharmaceutical services, medical coding, medical
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Era of Advancement:- Medical Billing Process
Author: Deeksha Gaikwad KEYWORDS: Healthcare system, ICD code-10, Claims, Insurance, IRDAI, Medical coders. CONTENTS: MEDICAL BILLING MEDICAL CODING LOGISTIC OF BILLING SIGNIFICANCE HINDRANCE INDIAN SCENARIO GLOBAL SCENARIO FUTURE PROSPECT INTRODUCTION: Medical billing is the way of delivering health care claims, which are provided to insurance companies for gaining pay for the medical services provided by the organization. The medical coders usually extract the billable information and translate them into standardized code which is further passed down to
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360 Degrees of Revenue Cycle Management Process
Author: Krupa Joy Revenue cycle management is the financial procedure that healthcare institutions employ to keep track of all the services provided to patients. It involves understanding and controlling the cash flow, customer payments, and billing cycles to maximize profits. In recent years, revenue cycle management has become increasingly complex due to the introduction of data-driven solutions and processes requiring detailed analysis. This article will take a 360-degree view of the modern revenue cycle management process, the complete cycle.
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Outsourcing Health Care Service
Author: T. Supriya INTRODUCTION: Healthcare business process outsourcing, or simply Health care BPO Means outsourced business activity or process that provides support to medical institutions, staff, and organizations. Commonly outsourced activities include coding, billing services, transcription etc. BODY: Healthcare BPO services involve medical transcription, clinical coding, disease management, and pharmaceutical benefits management. Healthcare services in the BPO industry are usually under patient-to-revenue life cycle management. Outsourcing Health BPO Services gives you access to skilled resources, streamlined processes, and
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