science quiz bee questions.doc FOR ELEMENTARY SCIENCE
Tips to improve your RCM (Revenue Cycle Management)
1. Tips to improve your RCM
(Revenue Cycle Management)
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2. Introduction
• Revenue cycle management is most important
process in the healthcare industry.
• Decline in reimbursement rates impact the
financial well being of the hospital or practice.
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3. SYNERGIZE FRONT AND BACK-END
OPERATIONS
• Healthcare revenue cycle management divided into
front end and back end operations.
Front end operation includes following processes
• Registering new patients
• Collecting information
• Confirming eligibility
Back-end operation includes
• Managing claims and denials
• Medical billing and collections.
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4. Key Performance Indicator for Revenue
Cycle Management
• Days in accounts receivable
• Claim denial rate
• Collection percentage (cash collection/total
service revenue)
• Denial write-off percentage
By tracking the KPI, revenue gets improved.
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5. Supporting Technology to Optimize
Workflow
• By implementing Supporting Technology to
Optimize Workflow, Health Systems can
streamline revenue cycle functions. Such as
▫ Clean claim rate
▫ Denials rate
These are maximize the reimbursement.
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6. About MGSI
• MGSI is a leading revenue cycle management
company in Florida US. We provide following
services such as
• Cardiology medical billing
• Radiology medical billing
• Anesthesia medical billing
• Denial management
• AR follow up etc.
www.mgsionline.com
