Many projects go live using some of the basic documentation provided with the purchase and very little customization. Customization can be part of the solution but only if the optimization efforts for documentation are carefully approached. Customization is not the Holy Grail, however if done well and with clear intention, can pave the way to […]
EHR Clinical Documentation: Optimization through Customization
Electronic Health Records (EHR) have revolutionized the healthcare industry by providing a digital version of a patient’s paper chart. They are real-time, patient-centered records that make information available instantly and securely to authorized users. However, one of the challenges that many healthcare providers face is optimizing EHR clinical documentation. This article will guide you on […]
Result Interfaces – Common Yet Complex
In the realm of Healthcare Revenue Cycle Management (RCM), result interfaces play a pivotal role. They are common, yet their complexity often goes unnoticed. Let’s delve into why these interfaces are both common and complex. 1. Ubiquity of Result Interfaces Result interfaces are ubiquitous in healthcare RCM. They facilitate the seamless exchange of patient data, […]
7 “Must Ask” Questions when Comparing Medical Collection Agency Offerings
Choosing the right medical collection agency can be a daunting task. With so many options available, it’s crucial to ask the right questions to ensure you’re partnering with an agency that best suits your needs. Here are seven must-ask questions to help you make an informed decision: What is your experience in the healthcare industry? Experience […]
EHR Go-Live Challenges -Top 5 pitfalls and quick solutions
The move to outsource medical billing can be unnerving, but it is one of the most impactful ways that a small practice can reduce costs and improve efficiency. If you have questions about outsourcing your billing, one of our advisors would be happy to discuss the process and assess whether Svast Healthcare is the best RCM partner […]
Why Outsource your Medical Billing?
Keeping track of medical bills in the ever-changing healthcare sector can be difficult and time-consuming. Healthcare providers now have a practical option for streamlining their Revenue Cycle Management (RCM) procedure: outsourcing medical billing. The following are some strong arguments in favor of outsourcing medical billing: Cost-Effective Outsourcing can yield significant cost savings. For example, a […]
Transitioning from in-house billing to outsourced billing
The move to outsource medical billing can be unnerving, but it is one of the most impactful ways that a small practice can reduce costs and improve efficiency. If you have questions about outsourcing your billing, one of our advisors would be happy to discuss the process and assess whether Svast Healthcare is the best RCM partner […]
8 Benefits of Outsourcing Medical Billing
Deciding whether or not outsourcing medical billing is the right thing to do for your practice can be a difficult decision. However, it should be as easy as deciding whether or not to perform your own appendectomy. Medical billing has always required a specialized set of skills, and in the last few years we’ve seen a steep […]
Best Practices for Maximizing Collections at the Point of Service
Patient due amounts (copays and coinsurance) can make up roughly a third (or more) of your practice A/R, but on average only one-third of patient dollars are properly collected upfront. If you see a patient in your practice and they leave without resolving their patient due amount, your chances of being paid in full decreases […]
The Importance of Accuracy in Medical Payment Posting
When posting payments in a practice management system the need for accuracy is essential. Inaccurate postings can result in serious downstream financial affects for your practice. Though the importance and possible negative ramifications of posting payments inaccurately are seemingly obvious, mistakes can easily occur with a simple typo. When posting an insurance payment to the […]