Nearterm Blog

woman working from home medical coding

Revenue cycle management (RCM) is an important but labor-intensive part of running a medical practice. Billing is not a linear task for healthcare providers like it is in other industries. It requires the coding and submission of claims to clearinghouses and payers, and payments for the same services can differ depending on the payer.

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man working from home

There’s no doubt that revenue cycle mismanagement can cause serious damage to long-term healthcare system performance. The most direct result being the waste of valuable money and resources. Other causes of overstretched revenue management resources have on your bottom line include poor reputation among suppliers, employees and patients. Shrinking personnel within a billing office staff…

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young woman working from home

Medical facilities are one of the epicenters of the Covid-19 pandemic and its after-effects as the country deals with a new normal of social distancing and other preventative measures. Most governmental agencies are recommending working from home for all non-essential workers. This may become the “new normal” for healthcare systems and hospitals as the country…

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What education and skills are needed for flood control engineers

Flooding has been a problem for society for thousands of years. The ancient Egyptians often complained about the flood-prone Nile River and used dams and dikes equipped with intake and exit canals for irrigation. Early explorers in North America noted the Mississippi River’s penchant for flooding that would eventually cause damage to agriculture, create massive…

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Remote work claim edits from Nearterm

Work claim edits remotely – a great idea for many hospitals Controlling health care costs, keeping employers and providers satisfied, and maintaining optimum profit margins—medical providers must continually balance these competing objectives, and that means processing claims as efficiently and accurately as possible. As health care costs continue to soar while profits stagnate, some of…

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Revenue Integrity Solutions in Healthcare

Today’s healthcare leaders understand the importance of improving financial practices to optimize outcomes and the patient experience. That includes the appropriate resources focused on the integrity of their revenue, both in the purposefulness and performance of their financial operations.  Today’s healthcare leaders understand the importance of improving financial practices to optimize outcomes and the patient…

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Must Have Skills for a Civil Engineer

The world relies on civil engineers to use their technical skills to develop and build the critical infrastructure needed for our modern lives. The work of civil engineers in designing, planning and constructing 21st century infrastructure enables continued progress. Firms looking to find their next superstar bridge builder or architectural design manager should look for…

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Importance of Case Management

As you know, the role of the case manager is vital to the success of your facility or hospital and can help with everything from compliance to improving your revenue cycle. Check out all the amazing things case managers do for your facility and how they can help improve your revenue cycle. The Complex Role…

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Pros and Cons of Outsourcing Your Revenue Cycle Management

When it comes to deciding whether or not to outsource your Recycle Cycle Management efforts, there are pros and cons to consider.  Pro #1: Outsourcing Revenue Cycle Management allows you to focus more on your patients. By outsourcing your RCM efforts, you won’t have to detail any of your staff to taking care of Revenue…

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A third-party RCM company can help you identify and eliminate your backlogged accounts and so much more.

One major way to improve your healthcare facility’s revenue cycle and free up extra money for your budget is to identity and then eliminate backlog. Here are 5 helpful tips for identifying and eliminating backlogged accounts in your healthcare facility. 1. Look for bills that never got sent. When looking to identify your healthcare facility’s…

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