Amidst the dynamic evolution of the healthcare sector, optimizing revenue and operational efficiency stands as a cornerstone for the financial success of healthcare providers. Within this intricate realm, one strategic solution gaining momentum is the Full-Time Equivalent (FTE) model. Notably, the $8 per hour FTE model is emerging as a...
How to Overcome Common Pathology Billing Challenges ?
Introduction: Efficient pathology billing is indispensable for the financial health and operational efficiency of healthcare organizations. However, the intricacies of pathology billing often pose significant challenges. In this comprehensive guide, we'll delve into these challenges and provide actionable solutions, ensuring streamlined revenue streams and operational excellence. Understanding the Landscape of...
What’s New in Medical Coding for 2024?
The medical billing landscape is set for substantial changes in 2024 with the release of the updated Current Procedural Terminology (CPT®) codes by the American Medical Association (AMA). These updates are pivotal for medical professionals to grasp, as they include 230 new codes, alongside 49 deletions and 70 revisions. This...
Customizing the FTE Model: Tailored Solutions for Diverse Healthcare Needs
Healthcare is evolving rapidly, and with it, the strategies for managing the behind-the-scenes operations that ensure clinics, hospitals, and practices run smoothly. One of the most efficient strategies in today’s healthcare management arsenal is the Full Time Equivalent (FTE) model. When we talk about customizing this model, especially for healthcare...
How RCM Consultation Can Maximize Your Revenue?
Mastering the art of financial management within medical practices is equally important as providing exceptional patient care. The seamless navigation of the revenue cycle, which encompasses the complexities of billing, coding, and adhering to regulations, is fundamental to sustaining a practice's success. Revenue Cycle Management (RCM) steps in as a...
