Does your in house team lack deep insights into the revenue cycle? If not, contact the experts of 24/7 Medical Billing Services revenues.

1. Does Your In house Team Lack Deep
Insights into the Revenue Cycle?
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Irrespective of the size of the services they provide, many healthcare
facilities have been grappling with failure to manage their revenues with
the in-house team. It is quite possible that despite all the efforts that the
in-house medical billing and coding team is putting into managing the
revenue cycle ends up with nothing. The failure is not because they are
reluctant to do the job but due to the insights caused by the multiple
changes and disruptions in the medical billing system.
Added to this, they face continuous obstacles when it comes to payment
collection due to the changed behavior of the patients and the insurance
providers. Often ignoring all these, the in-house team struggles with the
revenue cycle management resulting in the practices to upend their
business to stay afloat.
So if your in-house medical billing and coding team is also constantly
fighting to keep the revenue cycle on track, miserably failing can be due
to any one of multiple of the following reasons- Read more>>

2. Does Your In house Team Lack Deep
Insights into the Revenue Cycle?
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3. Does Your In house Team Lack Deep
Insights into the Revenue Cycle?
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1. Lack of training
Most of the medical billing and coding companies fail to provide
constant training to their staff and upgrade their knowledge about the
changes related to medical billing, coding, reimbursements, and
insurance policies. In addition, as more experienced staff exits the
practice, the necessity of training diminishes with the focus on how to
work out the staff deficit along with working with the inexperienced staff.
2. Not validating the information
The in-house medical billing and coding department is the first line of
contact in getting the correct data. The staffs need to know the changes
that can be made before submission. For each claim, they need to know
the information to be put in to ensure it is acceptable to the payer.

4. Does Your In house Team Lack Deep
Insights into the Revenue Cycle?
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3. Failure to monitor data
The in-house team must be trained to identify and correct any billing
errors before submitting them. When they fail to monitor these errors,
the result is an increase in denials and a decrease in revenue. Hence,
any training material you have for the in-house revenue management
team needs to be updated constantly, which will reflect the changing
protocols in the medical billing and coding system, the changes in the
policies of the insurances, and a scrub. Including the scrub would also
allow the team to monitor and make the correction and necessary
modifications before the claim so it doesn't get denied.
4. Failure to work the denials
Despite doing all the good work, denial is something that will happen
once in a while. It has been a constant battle for most of the facilities and
often forces them back to go old school of tracking the confirmation,
faxing the details, or finding a solution that can be done to receive the
payment. But all these mean losses of labor, time, and delays in the
payment, affecting the overall long-term revenue.

5. Does Your In house Team Lack Deep
Insights into the Revenue Cycle?
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5. Not understanding the payer contracts
Payer accountability is one of the critical areas that help manage the
revenue cycle. The staff's job is to monitor and understand the contracts,
do a regular audit, and ensure the payer is upheld. It would be a rare
situation when a payer will contact you for the underpayment or notify
renewal timeframe.
But with the right billing software in place, reports can be extracted to
recognize any negative behavior by a payer. This data can be used to
act upon to manage the revenue.

6. Does Your In house Team Lack Deep
Insights into the Revenue Cycle?
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How to Get Out of the Cycle of Failure?
One of the best ways to ensure that your in-house medical billing and
coding team is not dragging you down regarding revenue cycle
management is by outsourcing the entire procedure to the experienced
team of 24/7 Medical Billing Services.
24/7 Medical Billing Services is one such organization that manages the
medical billing and coding of medical service providers and ensures the
revenue collection is on time. In addition, intelligent insights are offered
with a proper data collection system.
Also, there is very less scope for claim rejection due to the trained and
dedicated staff to take care of the billing system with due follow-up for
every claim. 24/7 Medical Billing Services as the medical billing partner
will create a profitable revenue cycle management while the practice can
focus on patients and the in-house team on other administrative works.

7. About Us
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We are a medical billing company that offers ‘24/7 Medical Billing
Services’ and support physicians, hospitals, medical institutions and
group practices with our end to end medical billing solutions. We help
you earn more revenue with our quick and affordable services. Our
customized Revenue Cycle Management (RCM) solutions allow
physicians to attract additional revenue and reduce administrative
burden or losses.

8. Contact Us
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Media Contact:
24/7 Medical Billing Services
Georgia
3001 Greenfield Drive, Marietta GA
Ohio
28405 Osborn Road, Cleveland, OH 4414030068
Texas
2028 E Ben White Blvd, #240-1030 Austin TX, 78741
Delaware
16192 Coastal Highway, Lewes, Delaware 19958, United States
Phone no / Fax : +1 888-502-0537
Email us: info@247medicalbillingservices.com