Strategic Management of Deductibles, Allowables, Coinsurance, and Out-of-Pocket Maximums

Billing Process

Enhancing Financial Performance in Healthcare Facilities  For healthcare facility owners, navigating the complexities of financial operations is paramount to sustaining profitability while delivering quality care. A nuanced understanding of financial mechanisms such as deductibles, allowables, coinsurance, and out-of-pocket maximums is essential. Collaborating with specialized billing companies like RevWerx RCM can significantly enhance a facility’s revenue…

What to Do When an Insurance Claim Is Delayed

Aging Collections, Billing Process, Insurance Reimbursement, Treatment Coverage

Having an up-to-date system in place to manage delayed claims is more important than ever to maintain the profitability and viability of your practice. Denied claims and delayed claims have drastically increased in recent years, which hurts the healthcare industry overall. Behavioral health counselors and their practices are particularly vulnerable to delayed claims due to…

Should You Use Insurance Claims Management Software?

Aging Collections, Billing Process, Claims Management Services, Insurance Reimbursement, Treatment Coverage

Time is one of the most valuable resources that any medical facility or practice has to offer. It can also be one of the most challenging aspects of your organization to manage. You need time to focus on providing exemplary care to your patients, yet you must also balance your organization’s business needs, especially your…

Why ‘Digital-First’ Works Well for Claims Management

Billing Process, Claims Management Services, Healthcare RCM, In-House Billing, Insurance Reimbursement

The complexity of the various moving parts in the billing department can feel overwhelming for even the most experienced provider. This feeling can get even more pressing when it comes to claims management. Healthcare costs are steadily increasing, and with that growth, the industry as a whole moves forward each year. In addition, clients are…