Financial Operations Planning is a financial management process for developing financial plans and forecasts for the future through revenue, income, and expenditures analysis. All organizations, including rehab facilities, have financial departments coordinating...
On July 1, 2021, an interim final rule was published creating the No Surprises Act (NSA), which provides consumer safeguards against excessive medical expenditures and affects how physical and behavioral health providers charge for services. The NSA became effective...
When it comes to health care, efficiency is key. After all, the whole point of health care is to improve people’s lives and keep them healthy. But with the high cost of healthcare and the growing demand for services, many healthcare organizations are struggling...
CPT codes simplify medical billing across domains and practice types, providing reimbursement for a broad range of health-care specialists, including mental health practitioners. Memorizing and applying the appropriate codes can help to speed up the billing process...
The revenue cycle is the process by which healthcare providers receive revenue for their services. A revenue cycle typically starts when a patient arrives at the rehab facility and ends when the facility gets full payment for services rendered. Efficiency in revenue...
