Rivethealth.com

What is healthcare revenue cycle management

WebHealthcare revenue cycle management is the process used to track revenue from patients starting before services are rendered and ending when the provider/hospital evaluates …

Actived: 8 days ago

URL: https://www.rivethealth.com/blog/healthcare-revenue-cycle-management

How important are patient cost estimates

WebA patient cost estimate is an estimated dollar amount for patient care costs from a healthcare insurance provider or a health care provider. Estimates can usually be found …

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What are Consumer Assistance Programs (CAPs)

WebConsumer assistance programs, or CAPs, are programs that provide guidance about health coverage through government plans such as ACA plans and Medicaid. Since these …

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Rivet Patient Cost Estimates and Upfront Collections

WebPatient First. Better transparency is better care. With accurate cost estimates, you don't need to worry about talking cost in the clinic. We'll do the hard work, so you can focus on …

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A Company That Is Reshaping Healthcare FinTech

WebAt Rivet, we strive to ensure our team members are respected, safe and included. Each employee’s unique background and perspective is celebrated. The executive team …

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CARCs and RARCs: What they are and how to use them

WebPayers use CARCs and RARCs to communicate to the healthcare provider why they processed the claim the way they did. Sometimes these codes are referred to as "denial" …

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What are Advanced EOBs

WebThe Advanced EOB is essentially a version of the GFE—but for insured individuals—and forces providers to send patient cost estimates to health plans/issuers and the health …

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Net collection and gross collection: simple truths you need to know

WebThe formula is as following: Gross collection rate = total payments / charges *100% (for a specific time period) Net collection rate = (payments / (charges – contractual …

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A brief look at HCPCS Level I & Level II

WebThe HCPCS is divided into two subsystems, known as level I and level II, respectively. Level I comprises Current Procedural Terminology (CPT-4 or CPT), a numeric coding system …

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Rivet Raises $20.5 Million Series B Led by Catalyst Investors

WebModern healthcare billing platform provides greater transparency for patients and healthcare providers. SALT LAKE CITY & NEW YORK, JUNE 21, 2022 – Rivet, the …

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Understanding Rates in 2022

WebUnderstanding Rates in 2022. This article discusses how CMS determines payment, which fee schedules change throughout the year and what is out of your control to change. If …

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50+ healthcare acronyms every biller or coder should know

WebATD: Applied to Deductible. The amount of money a patient owes to a provider that goes to paying their annual deductible. AOB: Assignment of Benefits. Insurance payments paid …

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