Latest news with #Receivable
Time Business News
19-05-2025
- Business
- Time Business News
How Medical Billing Services Help Improve Revenue Cycle Management (RCM)
In the rapidly evolving U.S. healthcare industry, Revenue Cycle Management (RCM) is at the heart of every successful practice. From patient registration to final payment, every step must be accurate, compliant, and streamlined to ensure healthy cash flow. This is where medical billing services in the USA play a pivotal role. Outsourcing medical billing not only improves operational efficiency but also significantly boosts the financial performance of healthcare organizations. Here's how. Revenue Cycle Management refers to the financial process healthcare facilities use to track patient care episodes—from initial registration to the final payment of a balance. It includes: Insurance verification Patient eligibility checks Accurate medical coding Claims submission Denial management Payment posting AR (Accounts Receivable) follow-up A minor error in any of these stages can lead to delays, denials, or even revenue loss. That's why efficient RCM is essential—and that's where professional medical billing services in the USA make a real difference. Medical billing companies employ certified coders who use the correct ICD-10, CPT, and HCPCS codes, reducing the risk of rejections and denials. This ensures faster reimbursements and less revenue leakage. With automated tools and billing software, outsourced billing providers optimize the entire workflow—from scheduling and verification to claims processing—helping healthcare providers focus on patient care rather than paperwork. Professional billing teams continuously monitor claim trends and reasons for denial. Their expertise helps reduce denial rates by proactively addressing issues before submission, improving collections and cash flow. A dedicated team follows up on unpaid claims, handles resubmissions, and ensures timely payments. This reduces AR aging and enhances financial performance. Medical billing service providers in the USA strictly follow HIPAA guidelines, ensuring that patient data is handled securely and that all claims meet federal and payer regulations. Most billing companies provide real-time dashboards, monthly performance reports, and claim summaries, helping practices make informed financial decisions. Outsourcing medical billing is no longer just a cost-saving strategy—it's a strategic move to maximize reimbursements, reduce overhead, and ensure compliance. Benefits include: Access to trained billing experts Reduced administrative burden Improved RCM efficiency Enhanced focus on core healthcare delivery Scalable solutions for practices of all sizes If you're looking for a reliable, cost-effective, and compliant billing partner, GenMediTech stands out as a leading provider of medical billing services in the USA. Their customized approach to RCM, medical coding, and denial management has helped numerous clinics, hospitals, and solo practices increase their revenue and reduce billing errors. Why GenMediTech? Certified billing professionals HIPAA-compliant processes Transparent reporting High claim acceptance rate End-to-end RCM solutions Efficient revenue cycle management is critical to the survival and growth of any healthcare practice. By outsourcing to trusted medical billing services in the USA, providers can ensure faster reimbursements, fewer denials, and better cash flow. Partnering with an experienced firm like GenMediTech can transform your billing operations, letting you focus more on patient care and less on administrative tasks. TIME BUSINESS NEWS
Yahoo
16-04-2025
- Business
- Yahoo
Quadient Recognized in Analyst Report on Top AI Use Cases for Finance Automation
Quadient (Euronext Paris: QDT), a global automation platform powering secure and sustainable business connections, announces it has been recognized in a recent Forrester report on ways artificial intelligence (AI) is transforming accounts receivable (AR) processes. The report, 'Top AI Use Cases for Accounts Receivable Automation In 2025,' includes mentions of Quadient AR for cash application and payment notice. Quadient considers its inclusion in the report as proof of the impact its AI- and machine learning-powered financial process automation offer, enhancing efficiency, accuracy, and decision-making capabilities. Manual AR, AP and invoice processes lead to inefficiencies, compliance risks, payment delays and increased vulnerability to fraud. Quadient's Finance Automation cloud platform, including Quadient AR and Quadient AP, addresses these challenges, using advanced AI and machine learning to predict cash flow with high accuracy, analyze payor behavior, and automate cash applications, even when remittance data is missing. The platform also centralizes invoices and streamlines multi-channel distribution, ensuring full compliance with regulations such as e-invoicing. 'AI is transforming accounts receivable, and we believe Quadient's inclusion in Forrester's report attests to how advanced solutions such as Quadient AR are changing the way financial professionals work through intelligent automation,' said Chris Hartigan, Chief Solution Officer, Digital Automation at Quadient. 'AI and machine learning are forever changing the way AR and AP are managed and increasing the value these functions bring to organizations. Quadient is helping to advance AI usage by finance teams in responsible and meaningful ways to streamline workflows, deliver actionable insights, enhance efficiency and increase focus on strategic financial planning.' Real-time data is provided through customizable dashboards, enhancing efficiency and decision-making capabilities. In addition to mentioning Quadient in several use cases for AR, Forrester interviewed Quadient for insights for its companion report, 'Top AI Use Cases for Accounts Payable Automation in 2025.' Quadient's leading cloud-based financial automation cloud platform, including AR, AP, e-invoicing and customer communications, helps businesses reduce manual work, improve cash flow and make more informed financial decisions. About Quadient®Quadient is a global automation platform powering secure and sustainable business connections through digital and physical channels. Quadient supports businesses of all sizes in their digital transformation and growth journey, unlocking operational efficiency and creating meaningful customer experiences. Listed in compartment B of Euronext Paris (QDT) and part of the CAC® Mid & Small and EnterNext® Tech 40 indices, Quadient shares are eligible for PEA-PME investing. For more information about Quadient, visit Contacts Sandy Armstrong, Sterling Kilgore Joe Scolaro, Quadient VP of Media & Communications Global Press Relations Manager +1-630-699-8979 +1 203-301-3673 sarmstrong@ Attachment PR Quadient Forrester Report on AI in AR
