Medical Office - By Category
The medical billing process requires a complete knowledge of insurance payers and the laws and regulations of the healthcare industry.
Medical Records also referred to as Health Information Management is the practice of handling the patient health record while honoring medical and legal guidelines.
Any organization that accesses patient health information is considered a covered entity and is required by law to comply with HIPAA provisions or face civil and/or criminal penalties.
Health Information Technology refers to the latest information on technology and software innovations in the health care industry.
PM and RCM
Managing the revenue cycle efficiently is no easy task and requires your constant attention. Each phase of the Revenue Cycle - from the moment a patient is scheduled for an appointment until the time payment is received from the insurance company - is equally important to maximizing insurance reimbursements. It is vital for the financial stability of the hospital or physician office to have a process in place for each phase of the revenue cycle.
Customers of a medical office are not typical customers. They are patients that expect the highest quality of care and some may be in the midst of a medical crisis which requires delicate handling.
Financial management refers to the day-to-day operations as well as the long term direction of the medical office. There are various components of financial management from setting prices to controlling costs to accounts receivable management. A successful medical office depends on how well the organization understands the importance and purpose of financial management.
As everyone knows, first impressions are lasting ones. The first impressions your customers receive about your medical practice are often from your office staff making them crucial to the success of your organization.
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The medical office glossary provides a brief description about the most commonly used medical office terms.