Tips to Avoid Revenue Cycle Management Errors
                     Tips to Avoid 
Revenue Cycle 
Management 
Errors
www.mgsionline.com
 With new advances, medical data is 
deciphered, managed, and transferred; 
innovation has made more factors to a 
provider’s prosperity than ever before. 
 Claim submission, managing claims denials 
are major processes in medical billing 
services. 
 Adapting technologies like EHR, PMS, and 
electronic tools would enhance the Revenue 
Cycle Process. 
 Revenue cycle management systems help to 
streamline the medical billing process like 
coding, changing and documenting claims, 
etc. 
 By controlling the billing process most 
common revenue cycle management errors 
www.mgsionline.com are avoided. 
 It leads to profitability and productivity.
 Keeping up a steady flow of income for the 
physician is very important. 
 With margins tightening and income 
declining, holding a steady income may 
seem tricky. Many things have changed in 
the revenue cycle. 
 To subsist with the changes in the 
healthcare industry, the revenue cycle 
process has gradually improved, to 
mention a few — changing from paper 
works to EHR, adapting to ICD 10 coding, 
Automated medical billing, Computer-
assisted Coding(CAC), Web-based or 
cloud-based Softwares, etc. 
 With these constant changes, errors might 
seem inevitable. 
 Let’s discuss the revenue cycle errors and 
how to fix them.
www.mgsionline.com
Identify the Missing or Incorrect 
Information
Errors are a major reason for claim denials. Before submitting the claims, 
have to double-check the claim to prevent denials. Incorrect and missing details 
lead to claim denials. During the claim submission, double-check the following 
details to eradicate errors:
 Patient Name  Insurance carrier name
 Addresses  ID number
 Date of Birth  Group number
 Insurance information  Type of plan and coverage 
 Dates of treatment etc details
 Verify coverage details  Patient policy status and 
effective date
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Insurance 
Eligibility 
Verification
 Physicians have to verify the 
patient’s eligibility to ensure 
they will get paid for service 
rendered. 
 To reduce the physician’s 
burden, the medical billing 
company offers 
Insurance eligibility verification
 services. 
 They help to increase revenue, 
prevent denials.
www.mgsionline.com
Benefit of Eligibility 
Verification Services
 Maximize billing 
collections
 Reduce billing errors
 Reduce denial rates
 Improve patient 
satisfaction
 Save operational costs
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Avoid Delayed 
Claim Filing
Understand the claim filing deadlines 
as per the third-party payer contracts. 
Some payer agreements may require a 
short timeline, with an inability to meet 
these imperatives result in claim 
rejection. To avoid the delayed claim 
filling, follow below things.
 Provide Accurate Patient Demographics
 Verify Insurance Eligibility
 Obtain Pre-authorization
 Appealing Timely Filing Denials
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About Us
 MGSI is the best medical billing 
company in Florida, US. Our company 
has 25+ years of experience in the 
healthcare domain.
 We provide medical billing and coding 
services that include revenue cycle 
management, denial management, AR 
follow-ups, Medical claim submission, etc.
 We use the latest technologies for 
medical claims processing. We help you 
to get quick reimbursement. 
 To learn more about our services 
visit us on www.mgsionline.com
www.mgsionline.com
THANKS!
Do you have any questions?
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Mail: [email protected]
Call: +1  877 896 6474 
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