Does Your In house Team Lack Deep Insights into the Revenue Cycle
                     Does Your In house Team Lack Deep 
Insights into the Revenue Cycle?
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>>
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Does Your In house Team Lack Deep 
Insights into the Revenue Cycle?
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Does Your In house Team Lack Deep 
Insights into the Revenue Cycle?
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. 
 
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 Does Your In house Team Lack Deep 
Insights into the Revenue Cycle?
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. 
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
 Does Your In house Team Lack Deep 
Insights into the Revenue Cycle?
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. 
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  Does Your In house Team Lack Deep 
Insights into the Revenue Cycle?
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.
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
About Us
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.
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Contact Us
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: [email protected]
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