6 Tips for Physicians on Revenue Cycle Management

Revenue cycle management (RCM) is a process that healthcare organizations use to track patient care revenue and ensure timely reimbursement. RCM includes everything from verifying insurance coverage and coding medical services to billing patients and collecting payments. The goal of RCM is to streamline the revenue cycle so that providers can focus on delivering quality patient care. By using an RCM software solution, healthcare organizations can improve their financial stability and better serve their patients.
6 Tips for Physicians on Revenue Cycle Management

A healthy business can improve outcomes, patient satisfaction, and patient care. Optimize patient care by streamlining revenue-related processes.

Implementing new processes requires a practice management system (PMS) revenue cycle management solutions that work for your staff. You can use electronic processes with your PMS. Gather input from your staff, make a priority checklist before choosing a new PMS, and ensure it works with your EHR.

6 Tips for Physicians on Revenue Cycle Management

Use these six tips to streamline your revenue cycle management processes once you've installed a PMS that works for your practice:

1. Check insurance eligibility before visiting

Patients can verify their eligibility over the phone or on the Web, but these methods are inefficient and may not provide all the information needed. Time can be saved by electronic eligibility verification. A patient's insurance information is collected and submitted electronically to the PMS when an appointment is scheduled. Responding within 20 seconds is required by federal regulations. Upon check-in, patients can be informed of any financial obligations.

Checking insurance eligibility is a fundamental part of revenue cycle management for physicians. It helps ensure that the physician will get paid for their services and protects against bad debt. Checking eligibility also allows the physician to give the patient an estimate of their out-of-pocket costs. By checking insurance eligibility, physicians can improve their bottom line while providing a better experience for their patients.

6 Tips for Physicians on Revenue Cycle Management

2. Electronic transactions reduce prior authorization burdens

Physicians can complete prior authorization requirements electronically as part of the e-prescribing process. Vendors for e-prescribing systems are implementing the technology for these transactions at various stages, so ask your vendor when this technology will be available. There are many reasons why physicians should reduce electronic transactions prior to authorization burdens.

The three main points are: it would help to improve patient care and communication, reduce the amount of time spent on particular administrative tasks, and increase efficiency and job satisfaction among physicians. Physicians can also play a role in policy change related to this issue. We hope that by sharing this information, we can empower more physicians to take a stand against onerous EHR-related burdens.

3. Streamline claims with electronic submission

By submitting health care claims electronically, time is saved, and payment is accelerated. Your practice may submit an electronic claim electronically or indirectly through a clearinghouse or billing service that pre-audits or "scrubs" claims before submission to look for errors. It reduces payment delays and denials by addressing potential issues before the claim reaches the health plan's adjudication system.

By streamlining the claims process with electronic submission, physicians can avoid penalties, get paid more quickly, and focus on their patients.

Claims software makes it easy to submit accurate claims the first time around, so there's no need to waste time or money on resubmitting denied claims. And when you get paid faster, you can reinvest that money back into your business or patient care. If you're not currently using electronic claim submission, now is the time to start Streamline your claims process today.

4. Check a claim's status

Claim status is often unknown until the health plan pays, pended, or rejects it. Confirm receipt and determine the status of submitted claims using an electronic claim status inquiry. You can check the status of multiple claims simultaneously by sending "batch"; transmissions.

The next business morning is the deadline for health plans. Electronic claim status requests provide your practice with an immediate status report rather than waiting two to three weeks. Checking a claim's status can help avoid many problems.

It is important to understand how checking a claim's status works and the different options for doing so. With this knowledge, physicians can be sure that they are getting accurate information about their claims and avoiding potential issues.

5. Simplify payment processing with electronic remittance advice (ERA)

ERAs hold the same details as paper explanations of benefits. Standardizing ERAs reduces burdens, identifies reworked claims, and lets staff focus on more valuable tasks. Implement ERA with all your trading partners, including health plans, your PMS vendor, and your billing service.

Check your PMS's ERA capabilities. A software upgrade may be required to take full advantage of ERA transactions. To ensure you cover all bases, you can use the STEPS Forward module to discuss the ERA tool.

If you're a physician who is fed up with the complex and time-consuming process of claims management, consider simplifying payment processing with electronic remittance advice (ERA). ERA automates many of the tasks involved in claims management, from claim submission to payment posting.

This not only saves you time but can also lead to fewer errors and faster payments. Contact us today to particularly learn more about how we can help you streamline your claims management process with ERA.

6. Collect payments from patients

Health plans are increasingly familiar with high deductibles, increasing patient financial responsibility. Getting payments from patients while they are still in your office is the first step in effective patient collections. Cash flow will increase, accounts receivable will decrease, and backend collection costs will drop.

Your staff will need to know the correct amount to charge during service. Pre-appointment eligibility checks provide information about patient costs. Calculate the patient's balance based on this information and the health plan's current fee schedule.

There are many reasons why physicians should consider collecting payments from patients. Payments can help to offset the cost of overhead, increase revenues, and improve communication between physician and patient. In addition, collecting payments can also simplify billing procedures and reduce accounting expenses.

Physicians who collect payments from patients often report feeling more satisfied with their work-life balance and having more time to spend with their families. If you are a physician considering whether or not to collect payments from patients, weigh the pros and cons carefully to make the best decision for you and your practice.

Final Thoughts

Revenue cycle management is crucial for the success of any medical practice. By following these tips, physicians can stay on top of their billing and ensure that they are being paid for the services they provide.

Share on Pinterest

6 Tips for Physicians on Revenue Cycle Management

Handcrafted by Jennifer Lane, Certified Aromatherapist - Free US Shipping on Orders $15+ (no international shipping)

Rollerball Remedies

31 PC Deluxe Essential Oils Kit by Loving Essential Oils
31 PC Deluxe Essential Oils Kit: Aromatherapy Supplies
$ 26.99
31 PC Deluxe Essential Oils Kit - This Aromatherapy Supplies set includes a variety of tools needed for making DIY products with your essential oils. Use this kit to make roll on blends, inhaler blends, massage oils, face serums, and body oils. 31 PC Deluxe Essential Oils Kit This 31 piece deluxe kit is a great starter set that will give you the key essential oil bottles you will need to bring your essential oils to life. Here are the 31 pieces included in this kit: x12 10ml Blue Glass Roll Ons with Stainless Steel Rollerballs x4 Blank Aromatherapy Inhalers (color varies, may receive black or purple inhalers) x3 1oz Glass Bottles with Dropper Bottles (1 blue, 1 green and 1 amber) x3 1oz Glass Bottles with Black Caps (1 blue, 1 green and 1 amber) x5 Disposable Plastic Pipettes x3 Small Funnels (clear plastic) x1 Tablespoon for Measuring Loving Essential Oils brings you the right supplies you need to create homemade products with your essential oils that are safe for use on yourself and your family. Get our Inhaler Blends Recipes here and inhale you way to a blissful day! Get our Roller Blend Recipes and learn how to make rollerball remedies!
Tranquility Essential Oil Roller Blend - 10 ml Roll On Bottle with Orange, Tangerine, Patchouli, Lime, Blue Tansy, Ylang Ylang, Lavender, Citronella
Tranquility Essential Oil Roller Blend - Orange, Tangerine, Patchouli
$ 7.99
Tranquility Essential Oil Blend is perfect for those who want to relax, unwind, and create an atmosphere of peace and serenity in their home or office. By combining these therapeutic oils, this roller blend can be used to reduce stress, anxiety and emotional distress, while promoting relaxation and peace of mind. TRANQUILITY ESSENTIAL OIL ROLLER BLEND INGREDIENTS Handcrafted Blend by Aromatherapist Jennifer Lane - Orange, Tangerine, Blue Tansy, Lavender, Patchouli, Lime, Ylang Ylang and Citronella in a base of fractionated coconut oil. The oil blend comes in a 10 ML Roll On Bottle, made with 100% pure essential oils. Roller bottles are made of cobalt blue glass with stainless steel rollerballs and a black cap. Essential Oil Blend Highlights Volume: 10 milliliters Shelf Life: Should be used in 6-12 months Shipping: Items ship from California. US shipping only, no international orders. Safety Precautions: Made for ages 12 and up. Essential oil roll-ons come ready-made at a five percent dilution in an organic fractionated coconut oil base. Do not use if allergic to any ingredient, test on skin before liberally applying. Do not ingest. TRANQUILITY ESSENTIAL OIL BLEND BENEFITS The blend is made with Orange, Tangerine, Patchouli, Lime, Blue Tansy, Ylang Ylang, Lavender, and Citronella, which each have their own unique benefits. Together, these essential oils work synergistically to calm the mind and body. Orange and tangerine essential oils provide a sweet, bright aroma that is uplifting and calming. Patchouli oil helps to reduce stress and anxiety and can assist in calming the mind. Lime essential oil is known for its energizing and calming effects, and its ability to help with concentration. Blue Tansy is a powerful oil that can help to reduce feelings of fear, anxiety, and stress and can help to promote a sense of peace and relaxation. Ylang Ylang is a sweet and floral oil that helps to soothe the mind and promote feelings of inner peace. Lavender oil is known for its calming and soothing properties, and its ability to help induce sleep. Citronella is a powerful oil that is known for its insect-repelling properties and can help to create a peaceful environment. ORGANIC FRACTIONATED COCONUT OIL Fractionated Coconut Oil is a beneficial oil with a variety of uses. It is derived from coconut oil and is odorless, colorless, and has a longer shelf life than traditional coconut oil. It is also always in liquid form. Fractionated Coconut Oil is known for its ability to deeply moisturize the skin and dilute essential oils for safe topical application. NEED A CUSTOM BLEND? Contact me, I can customize this blend to your needs! How to Use Rollerball Blends Simply roll on the oil blend to your wrists, arms, upper chest, back, temples, feet, or neck. You can use to specifically target an area of concern, like applying to neck for tension or belly for upset stomach. For generalized aromatherapy purposes, apply to arms and chest to enjoy topical and aromatic benefits. The best part about this product is it can be used anywhere - at home, before heading out into the world, or taken with you for on the go use! With its pleasant aroma and powerful effects, Tranquility Essential Oil Blend is a great choice for those who want to experience a sense of inner peace. In addition, the blend can be used to help promote restful sleep, reduce feelings of anxiety and depression, and improve cognitive performance. Want to DIY? Learn how to make roller bottle blends! *Disclaimer: These statements have not been evaluated by the Food and Drug Administration. The information provided here is not intended to diagnose, treat, cure or prevent disease, nor is it a substitute for medical advice.
Stress Relief Essential Oil Roller Blend - 10 ml Roller Bottle with Lavender, Orange, Ylang Ylang, and Cedarwood
Stress Relief Essential Oil Roller Blend - Lavender Ylang Ylang
$ 7.99
This handcrafted Stress Relief Essential Oil Blend is a combination of four soothing oils, Lavender, Orange, Ylang Ylang, and Cedarwood. By combining these therapeutic oils, this roller blend can be used to calm the mind and body, while promoting strength and peace. STRESS RELIEF ESSENTIAL OIL BLEND INGREDIENTS Handcrafted Blend by Aromatherapist Jennifer Lane - Lavender, Orange, Cedarwood, and Ylang Ylang in a base of fractionated coconut oil. ORGANIC FRACTIONATED COCONUT OIL Fractionated Coconut Oil is known for its ability to deeply moisturize the skin and dilute essential oils for safe topical application. It is derived from coconut oil and is odorless, colorless, and has a longer shelf life than traditional coconut oil. It is also always in liquid form. The oil blend comes in a 10 ML Roll On Bottle, made with 100% pure essential oils. Roller bottles are made of cobalt blue glass with stainless steel rollerballs and a black cap. Essential Oil Blend Highlights Volume: 10 milliliters Shelf Life: Should be used in 6-12 months Shipping: Items shipped from California. US shipping only, no international orders. Safety Precautions: Made for ages 12 and up. Essential oil roll-ons come dilution in an organic fractionated coconut oil base so they are ready for use. Do not use if allergic to any ingredient, test on skin before liberally applying. NEED A CUSTOM BLEND? Contact me, I can customize this blend to your needs! Or, get a custom roll on blend here! STRESS RELIEF ESSENTIAL OIL BLEND BENEFITS This stress relief essential oil blend can be used for a variety of reasons. It contains lavender, orange, ylang ylang, and cedarwood essential oils. When blended together, this mixture creates an aroma that is both calming and uplifting. It can help to reduce feelings of stress, anxiety, and tension. It can also promote feelings of wellbeing and relaxation. Lavender oil is renowned for its calming, relaxing, and anxiety-relieving properties. Orange oil is known for its uplifting and soothing qualities, and its sweet, refreshing scent. Ylang Ylang oil is an exotic and sweet-smelling oil that is known for its calming and sedative properties. Cedarwood oil is a grounding, woody, and calming oil that relieves tension and stress. How to Use Rollerball Blends Simply roll on the oil blend to your wrists, arms, upper chest, back, temples, feet, or neck. You can use to specifically target an area of concern, like applying to neck for tension or belly for upset stomach. For generalized aromatherapy purposes, apply to arms and chest to enjoy topical and aromatic benefits. The best part about this product is it can be used anywhere - at home, before heading out into the world, or taken with you for on the go use! Want to DIY? Learn how to make roller bottle blends! Stress Relief Roll On This Stress Relief blend can be used to help relax your mind and body after work or before bedtime. Additionally, it can promote a night of deeper and more restful sleep. *Disclaimer: The information provided here is not intended to diagnose, treat, cure or prevent disease, nor is it a substitute for medical advice.
Essential Oil Welcome Kit: 5 Aromatherapy Inhaler and Roll On Blends
Essential Oil Welcome Kit: 5 Aromatherapy Inhaler and Roll On Blends
$ 19.99
Our Essential Oil Welcome Kit is a great way to not only learn about aromatherapy, but to experience the benefits of essential oils firsthand. By incorporating these aromatherapy inhalers and roll on blends into your routine, you can enhance your overall wellness and embark on a journey of self-discovery and relaxation. This aromatherapy kit allows you to experience the transformative power of essential oils and serves as a gateway to a holistic approach to well-being and self-care. What's in the Essential Oil Welcome Kit? The Welcome Kit includes 5 Ready to Use essential oil products. You will receive 3 Inhaler Blends and 2 Roller Blends to enjoy. The blends will be selected by Loving Essential Oils. The essential oil blends selected for the kit will vary depending on stock. Feel free to add an order note with any allergies, oils you want to try, oils you dislike, or if seeking a rollerball remedy, we will try to fulfill requests as able. Anyone can order this set, you do not have to be new to essential oils, but we do have a special offer for new customers. GET THIS KIT FOR $5 - NEW CUSTOMERS OFFER (USA only): Loving Essential Oils would like to offer you an ESSENTIAL OIL WELCOME KIT for Only $5! Add this kit to your cart and use Promo Code: WELCOME at checkout to get this product for $5, plus shipping and applicable taxes. Only one per person. How to Use Essential Oil Roller Blends Using roller blends is a simple and effective way to enjoy the benefits of essential oils at home or on the go. Here's a quick tutorial on how to use them: Shake Well: Before each use, give the roller bottle a gentle shake to ensure that the essential oils are well mixed. Apply to Pulse Points: Roll the blend onto your pulse points, such as wrists, temples, and neck. The warmth of these areas helps to release the aroma and promote absorption. Massage In: Gently massage the oil into your skin using circular motions to enhance absorption and promote relaxation. Breathe Deeply: Take a moment to inhale deeply and enjoy the aromatic benefits of the essential oils. Close your eyes, take a deep breath, and let the calming or invigorating scents uplift your mood. Reapply as Needed: Reapply the roller blend throughout the day as desired. Listen to your body's cues and use the roller blend whenever you need a little boost. Using roller blends is a convenient way to incorporate essential oils into your daily routine and experience their therapeutic effects wherever you go. Enjoy the benefits of aromatherapy anytime, anywhere with these handy little bottles of wellness! How to Use Aromatherapy Inhaler Blends Using aromatherapy inhaler blends is a portable and discreet way to enjoy the benefits of essential oils throughout your day. Here's a simple tutorial on how to use them: Inhale the Aroma: Hold the inhaler close to your nose and take a series of deep inhalations to enjoy the aromatic benefits of the essential oils. Close your eyes, breathe deeply, and let the soothing or invigorating scents uplift your mood. Refresh: You can use the aromatherapy inhaler throughout the day whenever you need a refresh or a quick pick-me-up. Store Properly: When not in use, store your aromatherapy inhaler in a cool, dry place to preserve the potency of the essential oils and extend its shelf life. Make sure the cap is closed tightly to preserve the aroma. Keep your aromatherapy inhaler handy in your pocket or purse for instant access to the therapeutic benefits of essential oils wherever you go. Enjoy the power of aromatherapy on-the-go with these convenient and easy-to-use inhaler blends.
Guides on Recipes with Essential Oils, Aromatherapy Diffuser Blends, and Beginners eBook

Popular Essential Oil Guides

Loving Essential Oils recipe guide Recipes with essential oils guide by Loving essential oils
Ultimate Essential Oil Recipes Guide - DIY Blends
$ 9.99
DIY Essential Oil Recipes Ultimate Guide - Download/Printable Using essential oils for natural health and wellness can be really amazing. In this Ultimate DIY Recipes Guide you will learn simple ways to make homemade recipe with essential oils. I love making DIY products to replace store bought items and strive for a chemical and toxin free home. I enjoy using aromatherapy and essential oils every day to keep my family and myself healthy and happy. My hope with this recipe guide is to help you do the same for yourself and your family and friends. 150+ Easy & Effective Essential Oil Blends Ultimate Guide Includes: How to Make Essential Oil Recipes Items Needed for Recipe Making 8 Inhaler Blends for Energy 5 Peppermint Air Fresheners 5 Summer Roll Ons 7 Oily Blends for Mom 4 Lavender and Lemongrass Blends 4 Pain Butter Blends 6 EO Bathroom Recipes 4 Blends for Sore Feet 5 Immunity Blends for Kids PLUS MANY MORE RECIPES! Format: PDF download Author: Jennifer Lane, LovingEssentialOils.com *This is a digital guide, you will get access to the PDF in our members area, nothing will be shipped to you. No refunds available on printable downloads.
essential oil difuser guide with DIY recipes and blends essential oil diffusing guide for sale
Essential Oil Diffusers - How To and Recipes Guide
$ 9.99
Essential Oil Diffuser - How To Guide for Diffusing How To Guide for Aromatherapy Diffusing With 200+ Diffuser Blends Diffusion. If you have ever been around anyone who loves using essential oils, chances are you have heard this world before. You may have heard them talk about diffusing their favorite essential oils, or the new diffuser that they just bought. Maybe you didn't know what they were talking about though. That's okay. In the guide we are going to be talking about everything diffusion - what it means, what diffusers are, how to diffuse, PLUS tons of diffuser blend recipes. By the time you are done reading this, you'll be a pro at diffusing essential oils. 40 page Diffuser Guide Includes: What are Essential Oil Diffusers? Benefits of Essential Oil Diffusers Different Types of Diffusers Diffuser Safety Guidelines How Long Should I Run My Diffuser? What Oils Can I Diffuse? How Much Essential Oil to Use How Can I Mix My Own Diffuser Blends? How to Diffuse Essential Oils How to Clean a Diffuser 200+ Diffuser Blend Recipes Blank Diffuser Blend Recipe Template Format: PDF download Author: Jennifer Lane, LovingEssentialOils.com *This is a digital guide, you will get access to the PDF in our members area, nothing will be mailed to you. No refunds available on printable guides.
Essential Oils Beginner Guide by Loving essential oils beginners guide to essential oils by loving essential oils
Essential Oil Guide for Beginners - Getting Started
$ 5.99
Beginner's Essential Oil Guide - Download/Printable Learn how to safely and effectively make essential oils a part of your everyday life. Everything you need to know about essential oils. If you have ever been around anyone who loves using essential oils, chances are you have heard all the wonderful health and wellness benefits they have experienced from using them. Avoid the overwhelm and learn exactly what you need to know in this guide that is chock-full of information perfect for beginning essential oil users. In the guide we are going to be talking about everything essential oils - what they are, how they can help you, ways to use them, PLUS essential oil blend recipes. 30+ page Beginner's Guide Includes: Essential Oil Basics Benefits of Essential Oils Essential Oil Safety Guidelines Skin Patch Testing Phototoxic Essential Oils Diluting Essential Oils Using Essential Oils Essential Oils Head to Toes Common Essential Oil Uses Top 10 Essential Oils Diffusing Essential Oils Beginner Diffuser Blends Easy Inhaler Blends Blank Essential Oil Recipe Cards Template By the time you are done reading this guide, you will be able to confidently add essential oils to your daily routine. Guide will be delivered by email. Format: PDF download Author: Jennifer Lane, LovingEssentialOils.com *This is a digital guide, you will get access to the PDF in our members area, nothing will be shipped to you. No refunds available on printable downloads.
Aromatherapy Checklists for ailments Essential Oil Checklists for Ailments
Aromatherapy Checklists - Essential Oil Uses Guide
$ 4.99
There are plenty of supportive essential oils waiting to assist you in your daily life for common issues that come up. Be well equipped and confident in your essential oil choices with these easy to read Aromatherapy Checklists! The chosen oils on the checklists will help guide your path. Finding what works best for YOU and your loved ones is part of the aromatherapy journey! Aromatherapy Checklists Includes: Basic Safety Precautions 20 Must Have Essential Oils checklist Common Essential Oil Tools and DIY Ingredients Oils for Digestion Oils for Lack of Sleep Oils for Allergies Oils for Stress Oils for Headaches Oils for Bad Odors DIY Recipes and Blends And so much more!! Format: PDF download Author: Jennifer Lane, LovingEssentialOils.com Pages: 33 (see photo below) *This is a digital guide, you will get access to the PDF in our members area, nothing will be mailed to you. No refunds available on printable guides.
Follow Us: