RCM Workshop

Understanding the critical role of prior authorization in radiology imaging center billing can streamline operations and enhance patient care. Dive into the key insights from this informative blog post! . . . #Radiology #HealthcareBilling #MedicalImaging #PriorAuthorization #HealthcareManagement #RCM #PatientCare #MedicalBilling

Did you know that the global market of virtual assistants for medical practices is expected to grow at a CAGR of 33.24% from USD 1.03 billion in 2023 to USD 12.99 billion in 2032? This shows the surging demand of clinical virtual assistant services for medical practices. Businesses can save up to 78% on operational costs by hiring virtual assistants instead of full-time in-house staff.? The same applies to the healthcare industry! In 2024, healthcare providers were the primary end-users of VAs. They accounted for 48.9% revenue share in the market! Virtual assistants already helped medical practices reduce paper use by 18% in 2024. Moreover, in 2024, only 12% of physicians used virtual assistants to conduct tasks like scheduling appointments and handling patients. By 2028, this is projected to reach USD 2.5 billion! So, time to outsource virtual medical assistant services to a trusted medical billing company like RCM Workshop! Our expert virtual assistant services for medical practices include:? ?? Appointment Scheduling? ?? Handle inbound and outbound calls? ?? Patient coordination & support? ?? Front desk assistance? ?? Concierge service? ?? Data entry and management We ensure the following benefits:? ?? Excellent language & communication skills? ?? Rich knowledge in healthcare and revenue cycle management? ?? Proficient in computer operation and practice management systems? ?? Trained on HIPAA and healthcare compliance? ? Want to know more? Visit our website (https://lnkd.in/gUFrA4Wx) or email us at [email protected].? ? #rcmworkshop #virtualmedicalassistantservices #virtualassistantformedicalpractice #virtualassistantforphysicians #clinicalvirtualassistantservices #medicalbilling #revenuecyclemanagement?

Let’s Uncover the Biggest Challenge of Your Practice’s Revenue Cycle Management!?. . . #revenuecyclemanagementchallenges #rcmworkshop

Did you know that around 38% of healthcare providers reported in 2024 that at least 1 in 10 claims is denied? This rate has been going up with 77% of providers noting a rise in rejections.? Out of $3 trillion in submitted medical claims, nearly $262 billion gets rejected annually. This amounts to around $5 million per provider.? In 2024, 84% of healthcare organizations made reducing denied claims a chief priority.? Time for you too to prioritize denial management! This will help you:? ?? Reduce the rate of claim rejections? ?? Improve cash flow? ?? Optimize revenue? ?? Increase patient satisfaction According to the State of Claims 2024 survey report, the top three reasons for denials are:? ?? Missing or inaccurate data? ?? Authorizations? ?? Inaccurate or incomplete patient information By partnering with a reputed medical billing company like RCM Workshop, you can overcome all these challenges and enhance your denial management process. To know more, visit our website (https://lnkd.in/gUFrA4Wx) or email us at [email protected].? . . . #rcmworkshop #reduceclaimdenial #denialmanagement #medicalbilling #revenuecyclemanagement ?

Top 5 Reasons Claims Get Denied and How to Tackle Them Like A Pro! Did you know that out of $3 trillion in submitted medical claims, an average of $262 billion gets denied annually? In 2024, 84% of healthcare organizations made reducing denied claims a top priority.?? Time for you to do the same! Claim rejections can lead to significant revenue loss. To prevent that, RCM Workshop can help you through these benefits: ?? Correcting billing errors? ?? Improving denial resolution? ?? Improving collections and cash flow? ?? Reducing denial rates To know more, visit our website (https://lnkd.in/gUFrA4Wx) or email us at [email protected].? . . . . #rcmworkshop #denialmanagement #ARmanagement #accountsreceivable #claimdenial #reducingclaimdenial #revenuecyclemanagement #medicalbilling #accuratebilling #ushealthcare?

?? Happy Purim to Our Valued Jewish Healthcare Clients! ?? As we celebrate the joyous festival of Purim, the whole team of RCM Workshop extends our warmest wishes to our Jewish clients and their families. May this festive season bring you happiness, health, and prosperity.? Purim inspires us to achieve victory over adversity! Therefore, on this day, we wish your healthcare practice achieves great heights of success. We are grateful for the trust you place in us to manage your revenue cycle needs. Your dedication to providing exceptional healthcare inspires us every day. Chag Purim Sameach! ??? . . . . . #Purim #Purim2025 #HappyPurim2025 #Healthcare #RevenueCycleManagement #ClientAppreciation #ChagPurimSameach #RCMWorkshop?

Boost your imaging center's cash flow with effective accounts receivable management! ???? Discover how in our latest blog post. . . . #rcmworkshop #HealthcareFinance #CashFlowManagement #ImagingCenters

4 Key Changes in CMS Medical Coding in 2025 ? Here are the 4 major changes in the standardized coding systems used by the Centers for Medicare & Medicaid Services (CMS).? ? Healthcare providers must stay ahead of these changes to ensure accurate claim submissions and maximize reimbursements.? However, it can be overwhelming for your team to stay updated for coding updates like these. So, let RCM Workshop help you here! We remain up-to-date about coding changes including additions, removals or revisions of medical codes.? Also, we ensure adherence to coding guidelines, regulations, and payer requirements. We can offer you these benefits: ?? Better quality of coding? ?? Lower denial rates? ?? Clean claims submission? ?? Improved first pass resolution? ?? Better and accurate reimbursement? ?? Improved compliance To know more, visit our website (https://lnkd.in/gUFrA4Wx) or email us at [email protected].? . . . #rcmworkshop #UShealthcare #medicalcoding #revenuecyclemanagement #2025cmsmedicalcodingchanges #codingupdates?

Breaking News: The Center for Consumer Information and Insurance Oversight (CCIIO), the key player in protecting patients from surprise medical bills, has just faced a major funding cut!? ? Two weeks ago, 15% of the workforce at CCIIO was fired due to significant budget cuts! These bills often occur when patients receive services from out-of-network medical providers or facilities. How can this affect healthcare providers? ?? Slower Billing Dispute Resolutions: Healthcare providers have to wait longer for the resolution of billing disputes.?? ?? Heavier Administrative Load: The administrative burden of providers to manage billing issues would increase.??? ?? Financial Strain: Unresolved disputes would adversely impact reimbursements and lead to bad debt.? ?? Compromised Patient Care: This financial strain would affect the quality of patient care a provider can offer. How to combat this situation? Outsourcing medical billing to a trusted company like RCM Workshop! We can offer you these benefits: ?? Accurate insurance verification? ?? Transparent communication about coverage and out-of-network providers? ?? Faster resolution of billing disputes? ?? Improved reimbursements? ?? Reduced administrative load?? ?? Cost-savings? ?? Better patient care To know more, visit our website (https://lnkd.in/gUFrA4Wx) or email us at [email protected].? . . . . #RCMWorkshop #MedicalBilling #CCIIO #SurpriseMedicalBills #HealthcareReform #NoSurprisesAct #PatientProtection #HealthcareCosts #HealthInsurance #TrumpAdministration #BudgetCuts??

Did you know that the payment rates for hospital outpatient services are projected to increase by 2.9% in 2025 as per the CMS?? Before that, the cost of these services had spiked up by 8.3% between March 2023 and March 2024, according to Peterson-KFF data.? However, simultaneously, consumer demand for low-cost and high-quality care has been rising lately! What to do in this scenario? Hospitals need to focus majorly on saving costs, offering more diverse services, improving customer service and providing better patient care.?? A one-stop solution to meet all these needs is to improve your revenue cycle management by working with a reputable medical billing company.?? This is where RCM Workshop can help you if you outsource medical billing to us!? ?? Cost savings: We have helped healthcare providers achieve more than 75% cost savings!? ?? Support diverse services: We are updated on the latest coding regulations and changes for various outpatient services. With this knowledge, we ensure error-free billing.? ?? Better customer service: From seamless appointment scheduling and concierge service to accurate eligibility and benefits verification, we ensure quality customer support.? ?? Improved patient care: Access to diverse outpatient services, improved billing and better customer support can upgrade patient care. ? Want to get in touch with us? Simply visit our website (https://lnkd.in/gUFrA4Wx) or email us at [email protected].? . . . . . #rcmworkshop #medicalbilling #revenuecyclemanagement #ushealthcare #healthcarecostsavings #outpatientservices #betterpatientcare