Gryphon Healthcare
Revenue Cycle and Management Services
Stabilizing and transporting a sick or injured patient to the Emergency Department can be a stressful experience for EMS providers. Once you have successfully transferred the patient’s care to the hospital medical staff, you need to be paid by the insurance company for the transport you completed and the care you provided. However, there are …
When considering hiring a remote medical billing service partner, you might find yourself wondering how the process works especially if you’re new to owning a practice or to the billing process in general. The good news is, whether remote or in-house, the revenue cycle management process is the same. Step 1: Patient registration and scheduling. …
When it comes to revenue cycle management, we’re all on the same mission: optimization! But how do you go about achieving healthcare revenue cycle optimization? There are several things you can do internally to achieve healthcare revenue cycle optimization. The key is to have the appropriate staff on-hand with the proper level of expertise to help …
Gryphon Healthcare is excited to attend and exhibit at the Emergency Department Practice Management Association (EDPMA) Solution Summit April 24-27, 2022. EDPMA 2022 The focus of the 2022 Solution Summit is to learn, engage, and network with leaders in Emergency Medicine. Speakers at the conference include professionals from Oschner Health, Zotec, Acute Care, and more. …
Many urgent care facility owners believe managing billing services in-house will give them the most control over their revenue. Our urgent care medical billing services experts put this theory to the test, and this is what they found: Myth #1: In-house billing specialists cost less than an outsourced revenue cycle management (RCM) partner. Comparing in-house …
Deciding to outsource medical billing for your practice or hospital or keep it in-house isn’t always an easy decision to make. But there are key indicators to look for that can help make the decision a bit easier. Scalability One of the biggest benefits of outsourcing medical billing to a revenue cycle management (RCM) partner …
If you’ve read any of our previous blogs on revenue cycle management, (here and here) then you know that medical billing is one piece of the larger RCM process. While RCM encompasses the entire journey to reimbursement, the medical billing process is the backbone that supports all the other processes. In other words, if the …
Hospital reimbursement is one of the only transactions where the request for payment is determined after the service has been rendered versus up front or at the time of the service. When a hospital seeks payment, they are actually seeking reimbursement for costs they’ve already incurred. Reimbursement comes from several entities: Centers for Medicare and …
Revenue cycle management (RCM) isn’t as simple as claim out and money in. As a healthcare organization, you deal with the complexities of increased regulation, coding requirements, managing claims, value-based reimbursement, and skyrocketing patient financial responsibilities. All of these play a role in the effectiveness of your RCM and ultimately the financial health of your …
In medical practices, the terms Revenue Cycle Management and Billing Cycle Management are often used interchangeably. However, RCM is generally accepted as a more comprehensive view of all of the procedures that encompass the entire revenue lifecycle from patient registration to final payment. RCM unifies the business and clinical sides of healthcare. The effectiveness of …
