Revenue Cycle Management Essay -- essays research papers

Synopsis - Integrated solution for Revenue Cycle Management and Medical RecordsOverviewPhysician practices are being called on to do more than ever before. Todays physicians must treat more patients, document interactions more meticulously, wrangle with more complex managed care rules, keep gash of an ever-expanding array of drugs, submit and track claims and pay rising malpractice insurance bills. In many cases, physicians must treat 20 percent more patients than they did five geezerhood ago to generate the same revenue. In the face of these burdens, some practices are struggling to remain financially viable. For many practices, the biggest impediment to meeting these challenges is continual administrative burden, a lack of automated clinical documentation, and inefficient practice workflow systems. Despite the dramatic advances in many areas of healthcare technology over the preceding(a) several years, most physician practicesespecially low-down and midsize onesare still using the same manual and paper-based office management systems theyve used for decades. With mounting instancy from insurers, government agencies, and patients, physician practices need to reexamine the ways they work and interact. As physicians see more patients and insurers demand reformed documentation for rapid processing of claims, the manual healthcare systems that were adequate in the past will become less and less able to meet new demands.The problemThe paperwork burden among solo/small group physician...