Automation in Revenue Cycle Management: How do AI, NLP, and OCR optimize the entire RCM process?

Table of Contents Automation in Revenue Cycle Management (RCM) has taken a giant leap forward. According to a recent survey by HFMA in 2023, 74 percent of RCM companies have already automated most aspects of RCM operations. These companies have witnessed significant growth by automating the entire RCM process. By looking at the positive impact […]

Tackling The Administrative Burden of Revenue Cycle Leaders

The lifeblood of any healthcare organization is a smooth-flowing revenue cycle process. Yet, revenue cycle leaders are increasingly burdened by administrative tasks that threaten to drown them in a sea of paperwork. This “administrative burden” acts as a barrier, hindering their ability to focus on core strategic initiatives and ultimately impacting the financial health of […]

A Comprehensive Guide to AI Medical Coding for Radiology Services

For healthcare and RCM professionals, medical coding is an important process because the results can make or break their revenue. Especially in the radiology space, medical billing, coding, and managing receivables can be a daunting endeavor for busy radiology practices. While coding for radiology services, medical coders may encounter a number of issues such as […]

7 Essential Tips for Diagnostic Radiology Coding

Diagnostic radiology has a wide range of services such as plain film radiology, ultrasound, CT scans, MRI, nuclear medicine, PET scans, and mammography. The following seven points provide guidance for CPT® coding in diagnostic radiology. These directives are based on advice from the American Medical Association (AMA), the Centers for Medicare & Medicaid Services (CMS), […]

Revolutionizing Healthcare Revenue Cycle Management with AI

The healthcare industry is experiencing a transformative wave with the integration of artificial intelligence (AI) into various operational aspects, significantly impacting revenue cycle management. Revenue cycle management (RCM) in healthcare involves the financial process that healthcare organizations use to manage administrative and clinical functions associated with claims processing, payment, and revenue generation. In recent years, […]

5 Powerful AI Tools to Use in Revenue Cycle Management by The End of the Year

The revenue Cycle Management (RCM) process is the lifeline of healthcare finance. As it involves managing the entire patient journey, from appointment scheduling to claim reimbursement, the slightest error can significantly impact the financial health of healthcare providers. The RCM process consists of several intricate steps that can often be time-consuming and error-prone when done […]

How AI Medical Coding Assistant Can Help a Small Medical Practice Thrive?

Discover how an AI Medical Coding Assistant can help healthcare providers maximize revenue capture. In the heart of a bustling city, there exists a small medical practice dedicated to providing personalized healthcare to the local community. The medical practice often found itself struggling to stay afloat. The doctors and staff were managing all the administrative […]

Where AI Can Make a Huge Difference in the Healthcare Revenue Cycle?

The healthcare industry is witnessing a transformational shift with the integration of artificial intelligence (AI) into various aspects of patient care. However, the potential of AI extends far beyond clinical applications; it also holds the key to revolutionizing the healthcare revenue cycle. The revenue cycle encompasses the entire process of managing patient financial interactions, from […]

Healthcare Denial Management: Revenue Recovery with One Simple Step!

Healthcare denial management plays a crucial role in ensuring smooth operations and financial stability. Denials occur when claims are rejected or not fully reimbursed by insurance payers, leading to significant revenue loss for healthcare providers. RCM companies and healthcare billing departments face various challenges when it comes to denial management. This article will explore the […]

Overcome Revenue Cycle Staffing Shortages with AI

 63% of healthcare providers indicated that they are facing revenue cycle staffing shortages, according to a CWH Advisors report from the 2022 PatientPay study. On the one hand, the number of new patient cases is increasing drastically; on the other hand, there aren’t enough coders to manage the patient cases. According to AHA, total patient […]