Blogs

Improve your financial performance with Velan’s effective RCM In the rapidly evolving and complex healthcare system, the revenue cycle process in healthcare also referred to as Revenue Cycle Management (RCM), holds paramount importance for healthcare organizations seeking to attain financial stability and profitability. The revenue cycle process entails a systematic sequence of steps that healthcare... Continue Reading

In the ever-evolving landscape of healthcare, where the intricacies of patient care intersect with the complexities of financial management, one vital process stands as a guardian of both quality care and a thriving revenue cycle: insurance verification. It’s the unsung hero, the diligent sentinel, and the unwavering gatekeeper of healthcare’s financial success. In an age... Continue Reading

Healthcare revenue cycle management is critically dependent on the management of accounts receivable (A/R). Healthcare providers may increase cash flow, lower the risk of bad debt, and enhance their overall financial performance by managing AR properly. The revenue management cycle is a significant element that must be maintained in medicine and healthcare, where efforts are... Continue Reading

Putting a financial amount on a discussion may seem unusual at first, but it actually makes perfect sense. Why? because patient experience has a significant influence on the growth of RCM healthcare revenue. First, ask yourself: Do you approach every patient interaction as though it can have a favorable or negative impact on your bottom... Continue Reading

We live in a patient-centric, technologically advanced, outcomes-based, digital environment. Doctors must not only provide correct diagnoses and treatment plans, but they must also focus on satisfying patients’ expectations and breaking medical market prejudices. Optimizing RCM services for your practice’s business aspect will help you collect unaccounted-for income and enhance the patient experience during the... Continue Reading