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8 FACTS TO CHECK WHILE CHOOSING YOUR OFFSHORE VENDOR

The healthcare system is quite a complex system to navigate with many rules and regulations to follow. The medical billing sub-system has so much paperwork involved that healthcare providers find it challenging to surmount. Apart from this, rules keep changing and billing staff has to be well versed in them so that claims are not rejected. These factors are quite likely to result in increasing account receivables affecting the financial health of a practice. It would be prudent to opt for assistance from an offshore vendor to handle your back-office work effectively. (more…)

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Cleanup Aging AR Using Onshore and Offshore Resources!

Managing Accounts Receivable (AR) and a healthy cash flow is a major challenge for every healthcare professional and facility. In the healthcare industry, AR represents the amount that is due from insurance companies and patients.

To understand the AR status of a practice, “Days in AR “is computed, which is the average number of days it takes to collect payments that are due to the practice. The AR is then classified into buckets such as 0-30 days, 31-60 days, 61-90 days and so on separately for patients and payors. The aging AR bucket data indicates the performance of the billing department. (more…)

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HEALTHCARE REVENUE CYCLE MANAGEMENT PROCESS

What makes RCM at Bristol Healthcare Services so dynamic and cost-effective?

Healthcare Revenue Cycle Management is the business aspect behind the administrative and clinical functions done by a physician. The financial process includes claims processing, payment and revenue generation. There are many steps involved in the above process, which are done by both the front and back offices.

An efficient healthcare revenue cycle results in smooth cash flow for providers. (more…)

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