revenue – 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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Assessing Your Revenue

March 1, 2019May 13, 2019 Adam Shewmaker 30 day lag collection rate, assignment, backlog, bill backlog, billed charge, cash collection, charge entry, charge month, collection percentage, collection rate, collection ratio, contracted vendor, date of service, documentation, even personnel change, exercise plan, general performance concern, high charge month, increased cash collection, indicator, key performance indicator, lag collection rate, medical code, medical documentation, national benchmark, new exercise plan, organization 's revenue, overall collection rate, party payer, payer, payer mix, percentage of the prior period 's billed charge, personnel, personnel feedback, preventive check-ups, prior period 's billed charge, R age, R., revenue, revenue cycle, sluggish bill, staff performance, subsequent code assignment, type of personnel feedback

As we move along in 2019, many of us have established new habits to improve our fitness, diet, and overall

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Revenue Cycle – Back to the Basics

March 1, 2016 Adam Shewmaker accurate patient data, appropriate code, benefit verification, centralized schedule, certified coder, clean claim, clinical documentation, complexity of service, core, core of the revenue cycle, critical revenue cycle fundamentals, curveballs, denial, denial management program, documentation, EHR, front-end service, fundamentals, healthcare, healthcare industry, healthcare industry pitch curveballs, healthcare organization 's chance, important stage of the revenue cycle, insurance mandate, key fundamentals, metrics, organization 's likelihood, organization 's patient access area, point of service collection, potential net revenue, proper reimbursement, revenue, revenue cycle, revenue cycle fundamentals, sea of change, service collection, single group of people, spectrum of care, strong foundation of critical revenue cycle fundamentals, vital role

Just like in sports, it’s important to have a strong core set of skills or players to build around. As

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