The revenue cycle management market is expected to grow at a compound annual growth rate of 7.2 percent from 2014 to 2019, and it is one of the functions healthcare providers outsource the most, according to a recent report from MicroMarket Monitor.
Physicians’ path to re-entry after a prolonged break from practicing hasn’t gotten much smoother amid a growing workforce shortage in primary care, according to an article from Kaiser Health News.
When someone asks why you tie your shoes using the bunny ear method versus the one-knot method, most of us are likely to respond with "I'm not sure but this is the way I've always done it." How many areas of our life can we answer this question with that same response? Many of us have processes and methodologies we've used for years and have never thought to question. Does it mean it's necessarily the most efficient way or yields the best results? No, but we still don't think to question it. These processes and methodologies are ingrained in our routines, often following them without a single thought. It takes someone outside of ourselves drawing our attention to it and asking the question why to address it or make a change.
Coronis Health was recently recognized by Healthtech Outlook as one of the Top 10 Medical Billing and Coding Solution Providers in 2019.
Coronis is growing! We are excited to be in our beautiful, brand new corporate office space in Sykesville, MD. Carroll County is growing and we couldn't be happier to join the business community here. The move opens up a larger talent pool to support our continued growth. Coronis is pleased to call Carroll County the home of our new corporate headquarters.
Productivity and utilization of authorized hours are key reporting functions when running a therapeutic practice. Your success as a company is dependent on these functions and when you are optimizing your therapeutic team, you expect to be reimbursed for the care provided. However, often insurance will deny visits for various reasons which will often require double the work for your administrative team. Below are 4 of the top denials reasons for pediatric behavioral health and how to avoid these denials.
Average (or less) is what we encounter when we call on new prospects. The sacrificial lamb of self-inflicted diminished cash is the only common theme to countless RCM companies that find themselves doing a mediocre job supporting their clients. They either lose interest, take for granted, or lose sight of their mission — to take care of the client. In these situations and countless others, the only thing to fear is fear itself, to quote FDR, and that’s largely why medical practices don’t make a change, even though they are slowing bleeding even though they don’t know where they’ve been cut.