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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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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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LONG TERM HEALTH CARE OPERATION
Author: M.Thandava Lakshmi Abstract It is anticipated that as the older population in the US continues to increase alarmingly, so will the scope of their drug use. A usual senior patient frequently has several medical conditions which are treated with a variety of medications. This rate of adverse drug responses may rise exponentially in the elderly as the total number of medications taken rises. One medication may occasionally be prescribed to relieve the negative effects of another medicament. The
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India Passes Peak of Medical Outsourcing Companies
Author: Piyush Pranay Nirban Key Points Introduction Outsourcing of India Project Management Factors influencing the rise of medical outsourcing companies. Outsourcing Exposure Reference Introduction India is becoming an attractive destination for outsourcing biotech services by global biopharmaceutical companies and industries. According to the 11th Annual Report on Bio-pharmaceutical Manufacturing and Production Capacity, the Bio Plan workers ranked India fourth in the world as a potential outsourcing destination. The report interlocutor gave it ‘likely’ & ‘highly likely’ option. According to
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HEALTHCARE OUTSOURCING IN INDIA AND ABROAD: A REVIEW
Author: Mallika Rane Arguably, one of the best business models, outsourcing, in most organizations has evolved from being an assistant to now being a crucial component of strategy. It could be more alluring than ever to think about outsourcing your administrative tasks as companies try to cut costs in a struggling economy made worse by rising energy bills. However, a query is raised. The objective of a private company is to maximize shareholder value as much as possible. While
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MEDICAL CODING PROCESS
Author: Vamsi Krishna Medical Coding Medical coding is the process of converting diagnoses, treatments, services, and equipment used in healthcare into standard medical alphanumeric codes. The diagnoses and procedure codes are derived from the documentation in the medical records, such as the transcription of the doctor’s notes, the results of the laboratory and radiologic tests, etc. experts in medical coding assist in ensuring a proper application of the codes is made during the medical billing process. which entails Taking
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ELIGIBILITY AND BENEFITS VERIFICATION PROCESS
Author: Lavanya Duddu INTRODUCTION: Eligibility and benefits of verification process involve whether a patient’s eligible for certain term and condition and verifying the details of patients before patients visits. The patient data is entered and check verifying age limits and certain criteria Such as insurance name, phone number and claims address Name of insured as isn’t always the patient and effective date of policy and end date of policy If required team will initiate the prior notice and update
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