Optimizing Your Revenue Cycle Strategies For Proactive Medical Billing
                     
OPTIMIZING YOUR REVENUE 
CYCLE: STRATEGIES FOR 
PROACTIVE MEDICAL BILLING
SEVERAL ELEMENTS OF HEALTHCA RE REFORM HAVE EVOLVED OVER TIME, 
INCLUDING VALUE-BASED COMPENSATION MODELS, RECURRING CHANGES 
TO THE RULE ENGINE FOR MEDICAL BILLING SERVICES, AND OTHER FEDERAL 
LAWS. IN LIGHT OF THESE CONTINUAL CHANGES, PHYSICIANS MUST STAY UP 
TO DATE ON THE LATEST DEVELOPMENTS. AS A RESULT, THEY MUST RECEIVE 
ONGOING TRAINING IN MEDICAL BILLING AND CODING RULES. STAYING 
OUTDATED IS A PROBLEM FOR MEDICAL PRACTITIONERS BECAUSE THEY 
CANNOT COMPROMISE THE QUALITY OF THEIR PROFESSIONAL SERVICES DUE 
TO INCOME LOSS. TO MINIMIZE THIS TROUBLE, MEDICAL PRACTITIONERS 
SHOULD IMPLEMENT THE PROPER TACTICS TO STAY IN COMPLIANCE WITH 
MEDICAL BILLING TRENDS WHILE ALSO IMPROVING THE QUALITY OF CARE 
SERVICES. 
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Claim Management Process
ACCORDING TO A RECENT SURVEY, ABOUT 80% OF ALL MEDICAL BILLS INVOLVE 
ERRORS. BECAUSE OF STRICT INSURERS POLICIES, THESE INACCURATE MEDICAL 
CLAIMS ARE DENIED AND REJECTED. ALTHOUGH MEDICAL BILLERS CAN REAPPLY 
THESE CLAIMS IN ORDER TO CHALLENGE AN UNPAID BILL. THE CYCLE OF CLAIM 
SUBMISSION, REJECTION, AND RESUBMISSION, ON THE OTHER HAND, TAKES A LONG 
PERIOD.
MEDICAL BILLERS SHOULD BUILD A PROPER CLAIM MANAGEMENT PROCESS IN 
ORDER TO SAVE PROVIDERS VALUABLE TIME. THEY SHOULD DEPLOY COMPETENT 
PERSONNEL AND EQUIPMENT TO MONITOR ALL PAID AND UNPAID CLAIMS. TO FILE 
ACCURATE CLAIMS ON THE FIRST TRY, USE SMART MEDICAL BILLING SOFTWARE 
SOLUTIONS. THEY SHOULD ALSO MAKE CERTAIN THAT ACCURATE INFORMATION 
FLOWS THROUGHOUT THE CLAIM SUBMISSION PROCEDURE.
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MINIMIZE MEDICAL CODING 
ERRORS
IT IS THE PROCEDURE OF BALANCING THE EFFORT AND TIME OF THE BILLING 
TEAM WITH THE REQUIREMENTS OF THE SERVICES TO BE BILLED FOR GETTING 
REIMBURSEMENT FROM THE INSURANCE COMPANIES. IN OTHER WORDS, IT 
FORECASTS WORKFORCE RESOURCE (MEDICAL BILLERS AND CODERS) 
SHORTAGES OR EXCESSES IN THE SHORT OR LONG TERM. IT IS COMPUTED BY 
ANALYZING THE GAPS BETWEEN RESOURCE CAPACITY AND RESOURCE DEMAND. 
THIS DIFFERENCE CAN BE MEASURED IN HOURS, FTES, OR PERSONAL DAYS. 
THERE IS A SHORTAGE WHEN RESOURCE DEMAND EXCEEDS CAPACITY OR 
SUPPLY. EXCESSIVE RESOURCE DEMAND EXISTS WHEN THE RESOURCE DEMAND 
EXCEEDS THE CAPACITY OR SUPPLY.
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Outsourcing – The Optimal Strategy!
DUE TO THE EVER-CHANGING HEALTHCARE INDUSTRY, CODERS AND BILLERS 
MUST CONSTANTLY UPGRADE THEIR SKILLS AND CONCEPTS TO KEEP ON TOP 
OF THE CHANGES AND AVOID LOSING MONEY. WITH THE ADVENT OF EMR AND 
ADVANCED PRACTICE MANAGEMENT SOFTWARE, THE PREVALENT IDEA IS THAT 
BILLING AND COLLECTION STANDARDS WILL BE HIGHER THAN EVER BEFORE, 
WITH EVERY CLAIM BEING PAID OUT PRECISELY AND COLLECTED ON TIME.
ELSE YOU CAN ALSO OUTSOURCE YOUR MEDICAL BILLING SERVICES TO THE 
PROFESSIONALS WHO ARE EXPERTS IN FOLLOWING THESE PROACTIVE 
STRATEGIES. 24/7 MEDICAL BILLING SERVICES IS A MAJOR 
MEDICAL BILLING SERVICE PROVIDER THAT HAS OPTIMIZED THE BILLING 
AND COLLECTION PROCEDURES FOR SEVERAL PRACTICE’S, ALLOWING THEM 
TO MAXIMIZE REVENUE AND ELIMINATE CASH FLOW PROBLEMS.
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About 24/7 Medical Billing Services
24/7 Medical Billing Services is the nation’s 
leading medical billing service provider catering services to more than 43 
specialties across the entire 50 states. You can rely on us for end-to-end 
revenue cycle management. We guarantee up to 10-20% increase in the 
revenue with cost reduction of your practice for up to 50%. 
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CALL US TODAY :
Media Contact – 
24/7 Medical Billing Services,
28405 Osborn Road,
 Cleveland, OH, 44140
Tel: + 1 -888-502-0537
Email: [email protected]
Website: https://www.247medicalbillingservices.com/
 https://www.247medicalbillingservices.com                   [email protected]