Nearterm Blog

AI Isn’t Replacing Revenue Cycle Professionals. It’s Changing Who You Need to Hire

Artificial intelligence is changing revenue cycle management, but not by simply replacing people. AI can classify work queues, extract data, flag coding variations and summarize accounts faster than a person can. What it can’t do is understand the operational context, financial consequences, compliance risk and data integrity concerns behind every recommendation. For CFOs and revenue…

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Nearterm can solve your revenue cycle management issues

Nearterm Managed RCM Project Staffing Services

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. Claims…

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woman working from home medical coding

Nearterm Managed RCM Project Staffing Services

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

The Damaging Effect Overstretched Revenue Cycle Management Resources Have on Your Bottom Line

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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