For any healthcare company, management of billing and medical claims can be a source of stress. These claims, however, can also be a great source of data for healthcare providers. They can provide insights into diagnoses and procedures, referral patterns, and more. With an advanced understanding of medical claims management, a healthcare billing provider can…
Operating a behavioral health company can be challenging for newcomers to the industry and veteran businesses alike. However, dealing with billing and insurance companies doesn’t have to be so difficult for behavioral health businesses. Finding a consulting service that can provide qualified in-house billing implementation services can offer peace of mind. At RevWerx, we understand…
Medical billing errors negatively impact healthcare practices in many ways. Some errors reflect actual illegal behavior with severe consequences. Others simply create major operations delays that damage your revenue stream and workflow. Whatever the case, RevWerx is here to help. We can help you spot errors in your billing system through an internal audit. After…
What is medical auditing? Do you feel a small spike in anxiety just by hearing the term? You got into behavioral health to help patients. You probably don’t start your day excited to wrestle with insurance companies and spend all of your time thinking about billing. Nevertheless, proper billing procedures and insurance claims management are…
Many behavioral health practices use their staff to manage in-house billing services for their clients. This may work in the short term, but adding this extra responsibility to overworked staff can give rise to unnecessary complications, errors, and delays. These additional issues add up to financial strain on the behavioral healthcare-based business. The true goal…
If you run a healthcare practice, remaining financially viable should be a top priority. An economically sound practice will allow you to provide your patients with the best possible care and treatment and invest in future growth. A significant contribution to the financial health of practices today is implementing revenue cycle management (RCM). Revenue cycle…
Healthcare is a constantly changing industry, especially when it comes to billing practices, and the world of substance abuse treatment can be even more of a wild card. With nearly constant new regulations and complicated insurance procedures, it’s easy to feel like you’re in over your head. You need to plan ahead to ensure your…
When a billing department has been experiencing a higher rate of insurance denials, aging claims, and delinquent payments, you can be certain that it’s time to look for new solutions for your billing department. However, when things seem to be operating smoothly and efficiently across the board, it’s difficult to notice potential issues that can…
An upcoming internal financial audit can make even the most experienced provider a little bit nervous. You want to be properly prepared for it, of course, and although an outside perspective can quell those fears, it can be nerve-wracking to have someone new come to take stock of your processes. The reality, however, is that…
The complexity of the various moving parts in the billing department can feel overwhelming for even the most experienced provider. This feeling can get even more pressing when it comes to claims management. Healthcare costs are steadily increasing, and with that growth, the industry as a whole moves forward each year. In addition, clients are…
