How to Reduce Days in A/R with Smart Denial Management Strategies

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 Timely reimbursement is the lifeblood of a financially healthy medical practice. Yet, increasing Days in Accounts Receivable (A/R) continues to be one of the most pressing revenue cycle issues for healthcare providers. One of the major culprits behind this issue? Denials. In this blog, we explore how strategic denial management not only reduces days in A/R but also improves cash flow and strengthens your bottom line. Understanding Days in A/R Days in A/R refers to the average number of days it takes for a practice to collect payments due after services have been provided. Industry benchmarks typically suggest keeping A/R days under 35. Anything higher signals inefficiencies - and likely unresolved denials. How Claim Denials Affect A/R Denied claims delay payments and increase administrative burden. Without an effective process to identify, appeal, and correct them, your A/R days will climb - and revenue will suffer. Top causes of denials include: Missing or incorrect ...

How to Outsourced RCM Services Bolster Neurology Billing?

 

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Managing a doctor’s facility is not an easy task, especially when you are in neurology. Overseeing medical development and keeping a healthy business structure can be possible when all the fuss of medical billing services is outsourced to a professional and trustworthy association. As you tackle more patients and offer more extensive administration or specialties, for instance, your income extends too. Entrusting your neurology billing & coding to experts like us enables you to focus your resources on patient care while taking care of your financial stability and growth.

With demanding circumstances and situations in healthcare, where dwindling revenue is becoming rampant with increasing profitability becoming the need of the hour, you can envision what a help it would be if a medical billing service could take care of the expanded sum and rate of cash that is coming in now.

Are Neurology Administrative Tasks Becoming Monotonous?

In case you’re feeling some expert discontent as a neurologist, you’re not the only one. Monotonous administrative undertakings, spending ‘excessively numerous hours at work,’ and inadequate salary are some of the contradicting reasons neurologists are feeling dissatisfied. As of May 31, 2016, the median annual Physician-Neurology salary is positioned at $233,988 with an average swing between $204,501 – $274,733.

However, the exhaustion level for neurologists has also surged along with the median salary. This is likely the reason why you see many taking up medicine as a profession again, rather than Neurology as a career.

In case you’re similar to most neurologists, it is understood that you devote extensive time assessing patients. You check 15 or more patients every day, balancing your schedules and emergency visits. The work of a neurologist requires that you dedicate noteworthy time and regard for differential diagnosis, workup, and individualized treatment plans.

Medical Billing & Coding Services Expertise in Neurology Billing & Coding

In order to deal with all aspects of Neurology Billing with regard to Outsourced RCM Services here are some important points to consider:

1. Your Facility is Growing at an Unprecedented Rate and you need Assistance

You’ve gotten some remarkable doctors and support staff and the local community has reacted with more patients than any other time in recent memory getting through your entryways. If you hadn’t expected that you would advance this rapidly, it’s ordinary that staff could fall behind in key areas such as Revenue Cycle Management.

To know more about How to Outsource RCM Services Bolster Neurology Billing?, click here: https://bit.ly/3AL7SgA A Contact us at info@medicalbillersandcoders.com888-357-3226.

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