If you run a healthcare practice, remaining financially viable should be a top priority. An economically sound practice will allow you to provide your patients with the best possible care and treatment and invest in future growth. A significant contribution to the financial health of practices today is implementing revenue cycle management (RCM). Revenue cycle…
Healthcare is a constantly changing industry, especially when it comes to billing practices, and the world of substance abuse treatment can be even more of a wild card. With nearly constant new regulations and complicated insurance procedures, it’s easy to feel like you’re in over your head. You need to plan ahead to ensure your…
For many, it feels as if healthcare revenue cycle management becomes more complicated every year. With new medical codes, regulations, and guidelines released every year, it can be challenging to catch up and stay ahead of the curve. Healthcare facilities are established to care for patients and improve the lives of the individuals in their…
Utilization review, or the process of reviewing an episode of care, is often necessary to justify charges and payments to an insurance company and can also be valuable in determining the best course of action to care for a patient. Encouraging complete documentation and oversight is paramount to running a successful practice. The system of…
An upcoming internal financial audit can make even the most experienced provider a little bit nervous. You want to be properly prepared for it, of course, and although an outside perspective can quell those fears, it can be nerve-wracking to have someone new come to take stock of your processes. The reality, however, is that…
Addiction treatment providers must stay on top of various regulations and keep their treatment protocols and facility policies to keep up in this constantly evolving industry. Without a smoothly operating system, an organization can fall prey to any number of setbacks, including lawsuits, declining business, or regulatory complaints. Addiction treatment consulting services can help you…
Healthcare facilities, regardless of their specialization, are a necessary component of a community. It’s vital that these facilities work at maximum efficiency, keeping track of innumerable moving parts to ensure that clients have access to necessary treatment and care. This is precisely why many organizations are counting on an outside perspective in the form of…
In any healthcare industry, but especially in the growing fields of substance abuse and behavioral healthcare, denied claims and delayed reimbursement could be a troublesome thorn in the side of any billing department. Sometimes, a quick fix can remedy a late payment, but dedicated aging collections management could be needed to track down payments and…
Healthcare revenue leakage is an all-too-common and pervasive beast and operates among billing departments all over the nation. This is partly due to the fluctuating nature of payer regulations, but it can also be affected by the sheer complexity of the entire billing and audit process. However, solutions do exist, even if they can be…
Every behavioral healthcare facility makes crucial decisions regarding how to best care for its clients each day. These choices can drastically impact how a practice operates, how patients feel about their choice of provider, and how smoothly revenue flows within a company. One of the most significant decisions made is whether or not to outsource…
