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Today's billing landscape is not an easy one to navigate for many medical practices. The transition to value-based care and rising patient responsibility make the management of day-to-day operations even more challenging. Now more than ever, it's critical to regularly measure the financial health of your practice and if your staff is performing at peak efficiency.

Revenue cycle management (RCM) is a process whereby clinical management systems interact with medical billing systems which in turn exchange information between clearinghouses, patient statement systems, and patient payment vendors in order to complete a financial transaction between patients, providers and payers.

How can your company stop a detrimental cyber-attack before it has the chance to ravage your data? Education is a crucial step in moving to a more secure environment. Implement internal technology regulations and required cyber security training on a regular basis to proactively prevent attacks.

Data hosting is a daunting task, especially in the healthcare realm. Assuring PHI is totally secure puts pressure on practices and groups to regularly reevaluate their hosting situation and options. Do you have unwavering faith in your current data center?

The process of converting common text into unintelligible content for protection or the reverse of this process is called encryption. Why would encryption be crucial to your organization’s cyber security fortress? Encryption shouldn’t be a disabler, but rather an enabler of secure communications, Virtru more than meets that requirement.

Data loss prevention (DLP), also known as data leak prevention, is a process of analyzing data in real time to stop breaches before they can occur. DLP assures users do not send critical information outside the organization network, mistakenly or intentionally.

Key performance indicators in pathology billing are a measure of pathology billing performance in select areas like clinical and anatomical pathology billing using criteria such as time and money that are important to the operations of a laboratory or physician billing practices.

Last year, at a time when the United States had just confirmed its first case of COVID-19, I wrote an article on the importance of cash management in the medical practices. A month later, As COVID infection cases rose and medical practices began shutting their door, the country fell into another recession. I call it the “great equalizer” and no one was immune to it.

Do you think your medical claims billing software has what it takes to keep you running at peak efficiency? Perhaps you do. But as the saying goes, knowledge is power, and if you don't know exactly how billing software should improve your workflow processes and bottom line, you’ll never realize your full potential to improve and earn.

Robotics Process Automation (RPA), specifically in healthcare billing, allows organizations to automate routine tasks just as if humans were interacting with the software themselves. Robotic automations interact with existing systems, require minimal integration efforts and work consistently with 100% accuracy.