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How Behavioral Economics Can Drive Better Patient Payment Outcomes

How Behavioral Economics Can Drive Better Patient Payment Outcomes?

Patient payment behaviors in healthcare finance reflect the influence of multiple psychological and economic elements. Healthcare institutions improve collections through strict rules and monetary penalties but these methods overlook the fundamental motivations and psychological biases which determine patient payment behavior.  The research field of behavioral economics examines how psychological and social elements affect financial choices …

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How to Prepare for Value-Based Reimbursement

A Step-by-Step Guide to Preparing for Value-Based Reimbursement Models

The healthcare industry is abandoning fee-for-service (FFS) models in favor of value-based reimbursement (VBR). The transition targets better patient outcomes together with improved care quality while aiming to cut total healthcare expenses. To succeed in a value-based reimbursement setting, healthcare providers must adjust their operations to new measurement standards and payment methods. Healthcare organisations can …

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Outsourcing Transcription for Small Businesses

The Cost-Benefit Analysis of Outsourcing Transcription for Small Businesses

Small businesses have to streamline their operations to remain competitive in today’s rapidly evolving business environment. Transcription stands out as a vital operation where efficiency plays a crucial role because it involves transforming audio or video content into written text. Small businesses need transcription services for meetings and legal documentation but find in-house transcription to …

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Transcription Services for Remote Teams in a Post-Pandemic World

Why Transcription Services Are Essential for Remote Teams in a Post-Pandemic World?

The worldwide move to remote work driven by the COVID-19 pandemic has permanently altered how companies conduct their business. The industry that’s growing faster than you can imagine during this shift is transcription services. As communication, virtual meetings, online collaboration, and remote communication increasingly come together, transcribing is a tool that ensures productivity, accuracy, and …

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Corporate Transcription Services

How Corporate Transcription Enhances Global Business Operations?

Modern multinational companies function across various time zones while also navigating different languages and regulatory frameworks. When organizations grow larger their communication needs multiply rapidly including meetings, conferences, and legal proceedings as well as financial reporting and training events. Corporate transcription services enable organizations to maintain accurate records of interactions while ensuring compliance standards are …

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A Deep Dive into Telehealth Billing and RCM Trends Post-Pandemic

The COVID-19 pandemic accelerated telehealth adoption which transformed healthcare delivery and billing processes. The transition of telehealth from an emergency measure to an essential healthcare service required revenue cycle management (RCM) processes to adapt swiftly to new regulatory environments and changes in payer requirements and patient needs.  After the pandemic healthcare organizations need to manage …

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Risk-Based Contracts Are Reshaping RCM

How Risk-Based Contracting is Shaping the Use of Data in RCM

Through risk-based contracting, healthcare is going from fee-for-service to value-based care. This new payment model also puts pressure on quality and cost-effectiveness, which will force providers to make more complex Revenue Cycle Management (RCM) arrangements.  The core of this change is the growing dependence on data. The use of data analytics for RCM workflows in …

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How Accents and Dialects Affect Transcription Accuracy

How Accents and Dialects Impact Transcription Accuracy and How to Overcome It

From medical and legal to media and entertainment, transcription is an indispensable service. However, accurate transcriptions aren’t always possible due to accents and dialects. These linguistic differences can make all the difference to how the transcription goes, creating mistakes, miscommunications, and inefficiencies if not taken care of. This blog will discuss the impact of accents and dialects …

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9 Steps to Seamlessly Automate Your RCM Processes

How to Transition from Manual to Automated RCM Workflows

In this hyper-dynamic healthcare environment, it is essential for any business to manage revenue cycles effectively if it is going to make money. Revenue Cycle Management (RCM) includes registration, billing, claims, and collections. Many clinicians have used manual RCM workflows, which worked in the past but are now slow, error-prone and time-consuming.  Automated RCM workflows aren’t just …

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Questions to Ask Before Choosing the Right RCM Partner

10 Questions Every Healthcare Provider Should Ask Before Choosing an RCM Partner

As the healthcare sector evolves, Revenue Cycle Management (RCM) is an important factor in organizations staying financially sound. It is your RCM partner that will bring the cash flow flowing, instead of sitting in the revenue funnel. But finding the right match takes analysis and planning. This is the key to figuring out which provider is right for …

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