Akshar MediSolutions

  The healthcare revenue cycle is a complex and critical process that encompasses all the administrative and clinical functions associated with managing patient accounts from the point of entry to the final payment. Effective management of this cycle is essential for the financial health of healthcare organisations, ensuring they are reimbursed accurately and promptly for the services they provide. In this blog post, we will explore the key roles and responsibilities involved in the healthcare revenue cycle, and how each contributes to optimising revenue and enhancing operational efficiency. 1. Patient Registration Role and Responsibilities: The patient registration team is responsible for collecting and verifying patient information at the time of their initial visit. This includes: Collecting Demographic Information:  Accurate data collection is crucial for creating and maintaining patient records. This includes personal details, contact information, and insurance informatio...

Healthcare Revenue Cycle Management (RCM) is a crucial process that ensures healthcare organizations are properly compensated for the services they provide. It encompasses every stage from patient intake to final payment, involving complex interactions between administrative, clinical, and financial functions. Despite its importance, many healthcare organizations face significant challenges within their revenue cycle processes. Understanding these common issues can help practices address them more effectively and improve their overall financial performance. In this blog post, we will explore some of the prevalent issues in healthcare RCM and how to overcome them. 1. Inaccurate Patient Information Issue: Accurate patient information is foundational to effective revenue cycle management. However, errors or omissions in patient demographics, insurance details, and contact information are common. Such inaccuracies can lead to billing errors, claim denials, and delays in reimbursement. Impa...

  In the ever-evolving landscape of healthcare, medical billing and coding have become indispensable components of effective practice management. As we move into 2025, the role of medical billing and coding is more crucial than ever, driven by technological advancements, regulatory changes, and an increasing focus on healthcare efficiency and accuracy. In this blog post, we will explore why medical billing and coding remain vital in 2025, their impact on healthcare operations, and how Akshar MediSolutions can help practices navigate this critical aspect of healthcare administration. What Are Medical Billing and Coding? Before delving into their importance, let’s define what medical billing and coding entail: Medical Coding:  This is the process of translating healthcare diagnoses, procedures, and services into standardised codes. These codes are used for billing purposes and to document patient care.  Medical coding   ensures that each service is accurately recorded ...