Revenue Cycle Management Essay -- essays research papers

Synopsis - Integrated solution for Revenue cycles/second Management and Medical RecordsOverviewPhysician practices are being called on to do to a greater extent than ever before. Todays docs must treat to a greater extent patients, document interactions more(prenominal) meticulously, wrangle with more complex managed care rules, defy track of an ever-expanding array of drugs, submit and track claims and pay rising malpractice insurance policy bills. In numerous cases, physicians must treat 20 percent more patients than they did five years ago to generate the same revenue. In the impertinence of these burdens, some practices are struggling to remain financially viable. For many practices, the biggest stay to meeting these challenges is continual administrative burden, a lack of automated clinical documentation, and inefficient practice workflow systems. Despite the dramatic advances in many areas of health care technology over the past several years, most physician practicese specially small and midsize onesare still using the same manual and paper-based office management systems theyve used for decades. With mounting pressure from insurers, government agencies, and patients, physician practices need to reexamine the ways they work and interact. As physicians see more patients and insurers demand reformed documentation for rapid processing of claims, the manual healthcare systems that were adequate in the past will become less(prenominal) and less able to meet new demands.The problemThe paperwork burden among solo/small group physician...