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5 QUICK TIPS TO BOOST YOUR REVENUE CYCLE

As high-deductible plans are becoming more and more prevalent, it is becoming difficult for providers to collect what they have earned. Today, practices donu2019t just have to worry about the usual coding and billing challenges or denials. Now deductible plans are also posing issues in revenue management. And to top it all, the mandated shift from fee-for-service to value-based reimbursement model has made things more difficult.

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5 QUICK TIPS TO BOOST YOUR REVENUE CYCLE

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  1. HOW TO IMPROVE YOUR REVENUE CYCLE WITH TECHNOLOGY? http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  2. HOW TO IMPROVE YOUR REVENUE CYCLE WITH TECHNOLOGY? http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  3. HOW TO IMPROVE YOUR REVENUE CYCLE WITH TECHNOLOGY? In today’s changing healthcare landscape, providers need to work smarter, not harder. They need to invest in the right tools and technology to get things done smoothly so that they get enough time to focus on patient care. There are innovations that may look expensive and may cost you time and effort but in the long run, you can save a lot of hassles and get to treat more patients. Here are some of the ways in which you can use technology for the benefit of your practice: • Going paperless is one of the best ways to boost your revenue cycle. Unfortunately, there are still many providers who invoice patients using paper. As per a survey by HIMSS Analytics, majority of patients want to be billed electronically and make payments online through their smartphones. So if you are still using paper to send invoices to your patients, then it is time you made significant changes. Start sending electronic invoices and accept payments online. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  4. HOW TO IMPROVE YOUR REVENUE CYCLE WITH TECHNOLOGY? • It is important to have a technology plan in place. You must consider technologies that have been introduced in the market and change the ones that are becoming obsolete. Plan the technology that you will be using at your practice this year and how you plan on implementing it to build your practice. • It is recommended starting using eligibility verification software because it will help you collect more. This tool will act as an add-on to the EHR you are using, allowing you to check copy, eligibility and coinsurance of the patients. There are some software in the market that can even notify you if a patient has met his/her deductible or the amount your practice needs to collect after the visit is over. • Practices must look for data, starting with an effective EHR. EHR records a wide range of data from patient care and also allow the practice to use that data for improving accuracy in billing. Since big data and analytics are here to stay, EHR’s role cannot be ignored. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  5. About 24/7 Medical Billing Services: 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Contact us - 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

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