The revenue cycle begins with the scheduling of an appointment and ends with the payment collected for services rendered. It sounds simple, but there are crucial steps in between that if not performed accurately, may delay payments. And with coding errors, data duplication, or missing information, you may lose revenue that your facility depends on […]
Whether a rural hospital or a surgical center, any healthcare organization’s primary focus is quality patient care, but for your facility to achieve success, you must prioritize financial health too. A healthy revenue cycle can help your facility grow and better serve patients. Outsourcing medical billing can help you achieve the most accurate and efficient […]
A healthcare facility’s revenue is tied to its patient reimbursement model. Any shift you make in the reimbursement process can have a significant impact on your financial health. Providers are now looking into a new healthcare reimbursement model that can streamline healthcare and cut costs called value-based care. This model is based on the quality […]
Even before the pandemic, many primary care providers were struggling with unsustainable practice costs and burnout. COVID-19’s disruption of the healthcare delivery system, however, poses additional challenges to primary care. According to a recent survey, facilities must adapt to shifting workflows, implementing new billing and coding practices, and building platforms for telehealth services—all while dealing […]
A/R aging reports help you gauge your facility’s health. They serve as a barometer for measuring your performance—whether you are making money or not. Specifically, your monthly reports show you whether insurance pays your claims on time and if insurance providers pay you accordingly. Your A/R reports also reveal more than just “payments due to […]
The Centers for Medicare & Medicaid Services (CMS) recently increased Medicare’s reimbursement rates for hospitals, pharmacies, physicians, and others for administering COVID-19 vaccines. These changes by CMS are in support of the administration’s efforts to ensure that all Americans can be vaccinated against COVID-19 as soon as possible. The pandemic has certainly resulted in rapid […]
Medical billing can be a challenging responsibility for many medical facilities that don’t have access to the necessary skills and manpower required to perform these tasks efficiently. Even if in-house employees can do an excellent job contributing to the organization’s success, these individuals may often lack the time and availability to keep up with the […]
From electronic health records and practice management to medical billing services and patient engagement, you can expect a seamless experience with a software agnostic approach. At Coronis Health, we do not confine ourselves to just one billing software. Our team is expertly familiar with all the major systems and trains on new ones as they […]
The American Hospital Association (AHA) surveyed more than 200 hospitals and health systems in 2019 to explore how commercial health plans employed utilization management practices for patients and providers. AHA found that 89% of the respondents have experienced an increase in claims denials over the past three years. 51% of them even described such increase […]
