Measuring FQHC Performance: Evaluating Billing and Collection Services
This white paper provides a comprehensive overview of the importance of measuring provider billing and collection performance through Key Performance Indicators (KPIs). It outlines crucial KPIs such as Days in Accounts Receivable, Collection Rate, Denial Percentage Rate, Net Collection Percentage, Bill Lag, and Credit Balance, providing benchmarks for each. Additionally, it highlights the challenges providers…
Read MoreAI and Robotic Process Automation Among Latest RCM Healthcare Trends
The healthcare industry is constantly evolving, and Revenue Cycle Management (RCM) solutions have become a crucial necessity for healthcare finance leaders. To maintain high-quality medical care at reasonable costs and optimize operational efficiency, healthcare providers must keep up with the latest technologies and advancements. With AI-powered medical billing systems and interactive patient portals, healthcare RCM…
Read MoreRevenue Cycle Management (RCM) in Healthcare and its Integration with EHRs
Revenue Cycle Management (RCM) is vital to healthcare organizations’ financial health and operational efficiency. As the healthcare industry continues to undergo significant transformations, staying updated with the latest RCM capabilities is crucial. One of the critical developments in RCM is its integration with Electronic Health Records (EHR). This article will explore the emerging trends in…
Read MoreWhite Paper: How FQHCs Can Enhance Medical Billing Management
Maximizing revenue and getting paid for all the services they are providing is critical for FQHCs to make the biggest difference in the communities they are serving. A specialized billing partner is crucial for improving billing efficiency and maximizing revenue. They help FQHCs overcome billing obstacles, ensure compliance with ever-changing regulations, and enhance financial performance.…
Read MoreThe Definitive Guide to Revenue Cycle Management
What Is Revenue Cycle Management Revenue Cycle Management (RCM) refers to the financial process within the healthcare industry that involves managing the entire patient care revenue cycle, from the initial appointment or registration to the final payment. It encompasses all administrative and clinical functions that contribute to capturing, managing, and collecting patient service revenue. The…
Read MoreThe Advantages to Outsourcing your FQHC Medical Billing
Federally Qualified Health Centers (FQHCs) are critical in providing affordable and accessible healthcare services to underserved communities across the United States. However, FQHCs need help managing their operations, including medical billing. Medical billing is a complex process that requires expertise and attention to detail. This is why many FQHCs outsource their medical billing to specialized…
Read MoreHow to Improve FQHC Revenue Cycle Management
As Federally Qualified Health Centers (FQHCs) continue to play a vital role in providing care to underserved populations, they must maintain a solid financial foundation to support their operations. One critical aspect is having an effective FQHC Revenue Cycle Management (RCM) strategy. RCM refers to managing the financial interactions between patients, healthcare providers, and payers…
Read MoreGeBBS Healthcare Acquires CPa Medical Billing
GeBBS Healthcare Solutions, Inc., (ChrysCapital portfolio company), a leading provider of technology enabled Revenue Cycle Management (RCM) & Risk Adjustment Solutions for Healthcare Providers and Payers, announced today the acquisition of CPa Medical Billing an East Haven, CT based provider of Revenue Cycle services to FQHCs and other multi-specialty physician groups. The transaction expands the market, services,…
Read MoreMedical Billing Services: How Much Should Medical Billing Services Cost?
Medical billing is one of the most critical functions of any medical practice. As a result, many practice managers and leaders place a high value on the effective administration of their medical billing, account receivables and overall revenue cycle management (RCM). Either you can pay full-time employees to handle your medical billing. Or, you can…
Read More9 Reasons Medical Practices Should Outsource Medical Billing
Medical practices are always looking for ways to save money and improve operational efficiency while delivering excellent patient care. Outsourcing medical billing is an often-over-looked path that enables practices to achieve these goals — and so much more. Established in 2003, CPa Medical Billing was created as a customer service-oriented alternative to the big national…
Read More