My RCM Group

07/10/2023

Virtual Medical Staffing Service

Read more here : https://myrcmgroup.com/articles/virtual-medical-staffing/

07/07/2023

Soft Collection Letter Tips

Any business may find it difficult to collect past-due payments, which frequently calls for striking a delicate balance between preserving good customer relations and guaranteeing on-time payments. A skillfully written and diplomatic soft collection letter can be the difference in such circumstances. Businesses can effectively communicate their expectations while maintaining goodwill and building ongoing relationships by using the right strategy and tone.

Read more here: https://myrcmgroup.com/articles/soft-collection-letter-tips/

07/06/2023

Impact of Delinquent Payments in Medical Billing and Coding

In the complex world of healthcare, medical billing and coding play a vital role in ensuring accurate payment for medical services. However, the process can be fraught with challenges, including the issue of delinquent payments. Delinquent payments occur when a healthcare provider does not receive payment for services rendered within the expected timeframe. In this article, we will explore the impact of delinquent payments in medical billing and coding and discuss strategies to mitigate this issue.

Read more here: https://myrcmgroup.com/articles/impact-of-delinquent-payments-in-medical-billing-and-coding/

Delinquent payments occur when a healthcare provider does not receive payment for services rendered within the expected timeframe. Read more in this article.

07/05/2023

What Is the Difference Between Hard and Soft Collections?

Medical billing is a complex process that involves collecting payments for medical services provided by healthcare providers. In this process, there are two types of collection strategies used by healthcare providers: hard and soft collections. Understanding the difference between these two strategies is crucial for medical billing professionals to ensure they collect payments in a timely and effective manner. In this article, we will discuss the difference between hard and soft collections in medical billing and how they affect healthcare providers and patients.

Read more here : https://myrcmgroup.com/articles/what-is-the-difference-between-hard-and-soft-collections/

Medical billing is a complex process that involves collecting payments for medical services provided. Find out the difference between hard and soft collections.

07/05/2023

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07/03/2023

Software Used in Medical Billing and Coding

Over time, there have been major changes to both medical billing and coding. These processes were once largely carried out manually, leveraging paper records and manual data entry. However, with the rise of computer systems and software, the practice has grown more practical and streamlined. The ICD-9 codeset has been replaced with the more specific ICD-10 codeset, allowing coders to produce codes that are more comprehensive and precise. Medical billing has changed from fee-for-service models, which funded healthcare professionals for each service rendered, to value-based care, where physicians are paid based on patient outcomes and the quality of their care. Due to the intricate healthcare regulations and procedures, medical billing and coding have become more complicated, boosting the demand for qualified individuals in these fields. In addition, medical coding and billing are now more data-driven, with a focus on analytics and reporting, enabling healthcare providers to track their financial performance and pinpoint areas for improvement.

Read more here: https://myrcmgroup.com/articles/software-used-in-medical-billing-and-coding/

07/03/2023

Don't let billing complications impact your practice. Our experienced team handles all aspects of medical billing, ensuring accuracy and efficiency. Schedule a consultation today!

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07/03/2023

Did you know?

Your protected health information (PHI) is so valuable
that it is protected for 50 years after you die.

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06/29/2023

What is HMO, PPO, and EPO in Medical Billing?

PPO, HMO, and EPO are words used to define various health insurance plans that govern how medical services are reimbursed and compensated in medical billing and coding. Below is a quick summary of each

Read more here: https://myrcmgroup.com/articles/what-is-hmo-ppo-and-epo-in-medical-billing/

06/29/2023

Commercial Health Insurances

The commercial insurance world revolves on an axis of variety. From PPO to HMO and in between, there is a commercial insurance plan that exists just for everybody in in every situation. Some of these plans are even combinations or iterations of other existing plans. Though there are many plans that you can work with, the ones that will work with your provider is your ultimate priority. For that reason, knowing which commercial insurance products are included in the provider contract, the reimbursement level associated with each product, and the eccentricities of each commercial insurance plan you encounter should be on the top oy your skill knowledge list.

Read more here: https://myrcmgroup.com/articles/commercial-health-insurances/

06/29/2023

Patient’s Insurance Aging Clean-Up

Insurance aging cleanup is a process of systematic updating of insurance information for a group of policyholders. The main attempt of doing this is to make sure that the sensitive patient information for each holder is updated, accurate, and in no conflict with the regulations of the insurance companies.

Read more: https://myrcmgroup.com/articles/patient-insurance-aging-clean-up/