Adam Shewmaker, FHFMA – MD Update

&FRONT Accounting

Revenue Cycle Management (RCM) in Healthcare: Part 2

June 1, 2022June 22, 2022 Adam Shewmaker, FHFMA ■ analytics, ■ claim management, ■ claim submission, ■ patient statement, ■ start, ■ start of claim, â– , analytics, balance of the claim, bill, charge entry, claim denial, claim management, claim submission stage, claim submission stage of the process, clinical function, collection of patient service revenue, collection stage, credentialing, determine insurance eligibility, eligible payment, facet of care, full scope of patient care, healthcare, healthcare professional, healthcare revenue cycle, HIPAA, insurance, insurance eligibility, insurer, itemized list, itemized list of charge, MD-Update #139, opportunity, overview of the revenue cycle process, patient 's visit, patient care, patient collection stage, patient schedule, patient service revenue, patient-centered, patient-centered approach, patient-focused, payment, provider, RCM, RCM process, RCM strategy, RCM team, reduce claim denial, resubmission, revenue, revenue cycle, revenue cycle management, revenue cycle of claim, revenue cycle process, significant point of friction, silo, statement of financial obligation, strategy, uncertainty of expense, vital demographic information

Editor’s Note: Part 1 of Revenue Cycle Management was published in MD-Update #139, April 2022. It is available online at

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Revenue Cycle Management (RCM) in Healthcare: Part 1

April 1, 2022June 22, 2022 Adam Shewmaker, FHFMA additional insurer, apply payment, balance of the patient 's claim, big organizational roadblock, billable party, charge entry, claim denial, claim rejection, claim submission, clinical function, collection of patient service revenue, denial, denial management, determine amount, determine amount of reimbursement, determine cause, determine cause of claim denial, facet of care, full scope of patient care, healthcare, healthcare revenue cycle, insurance, insurance eligibility, insurance verification, insurer, medical appeal, medical code, patient 's claim, patient collection, patient demographics, patient insurance, patient registration, patient service revenue, patient-centered, patient-centered approach, payment, payment denial, provider, RCM, refund, revenue, revenue cycle, revenue cycle management, revenue cycle of claim, secondary claim submission, significant point of friction, submit claim, uncertainty of expense, universal medical code

Healthcare professionals strive to deliver exceptional service and outcomes to their patients throughout every facet of care. A significant point

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Revenue Cycle Strategies: Looking Ahead to 2021

April 1, 2021June 16, 2021 Adam Shewmaker, FHFMA account volume, action item, address staff challenge, alternative work arrangement, area of opportunity, attention of the healthcare community, automated innovation process, broad strategy, budgeted initiative, department-specific goal, dollar priority account, employee engagement, engagement, enterprise risk, exception-based, exception-based process, full-blown overhaul, healthcare, healthcare community, high priority activity, idea accelerator, impact change, improvement, improvement opportunity, incremental department-specific goal, internal team member, inventory of work, large dollar priority account receive aggressive follow-up, meaningful engagement, monitor plan, ongoing uncertainty, opportunity, organization 's risk, patient-facing, patient-facing process, potential improvement opportunity, priority, priority activity, R., revenue, revenue cycle, revenue cycle maintenance, revenue cycle strategy, sure identified risk, sustain progress, team member, use of kiosk, valuable feedback

Nearly one year ago, the attention of the healthcare community shifted very quickly to preventing and responding to a new

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Identifying Revenue Leaks within the Medical Practice

October 1, 2017 Adam Shewmaker, FHFMA appropriate medical code, back-office responsibility necessary, bad debt collection agency, balance, balance amount, bill question, business office, cash, cash collection, cash post, chart documentation review, code audit, coder, compliance concern, cross-training, Dean Dorton, dedicated focus, employee, employee dread, employee dread take time, excellent staff, follow-up, high patient satisfaction, identify revenue leak, medical code, missed revenue, patient balance, patient balance amount, patient insurance, patient visit, payment, physician, physician inquiry, physician practice, potential collection, practice 's code habit, practice administrator, professional coder, profitable outcome, R follow-up, R., recent twelve month period, reimbursement, revenue cycle, routine medical code assessment, single cure, single point of data, small portion of the back-office responsibility necessary, staff concern, task, team member, underpayment, unique patient mix, work go

With reimbursement shifting towards quality care and patient outcomes, it’s necessary for medical practices to take a fresh look at

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