Blogs

The changing healthcare environment makes revenue cycle management rather illusive, as new laws and reforms have forced the sector to change and left many hospitals trying to maintain their income under a value-based care reimbursement model. Healthcare providers must have effective revenue cycle management (RCM) strategies in place since the healthcare sector is characterized by rapid change. Healthcare organizations... Continue Reading

In the rapidly evolving landscape of healthcare, an automated medical billing system has emerged as a transformative solution for healthcare providers. This comprehensive guide explores the “how” and “why” of building such a system. By delving into the benefits, implementation strategies, and best practices, healthcare professionals can unlock a host of advantages. From streamlining administrative... Continue Reading

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