During this COVID-20 pandemic, social distancing is one of the main measures that ensure safety from this virus as well as helps in fighting the virus itself. There are many other safety measures that include, washing hands for 20 seconds, covering your mouth while sneezing, and many more. But the problem that arises here is …
In medical practices, one of the most demanding and time-consuming tasks is medical billing. Many independent practitioners or physicians often have confusion about whether to keep the billing operations in-house or to outsource the billing procedures? The answer to this is not fixed and depends upon several factors including the size of the business and …
Read moreOutsource Medical Billing of Your Independent Practice
New medical practices are more focused on improving the patient flow with strategies that are patient-centered and by engaging skilled resources that can remove bottlenecks and streamline the patient flow. Increased and steady patient flow is a must to ensure that the medical practice is performing well and patients keep coming back for follow-up treatment …
Read moreHow New Medical Practices Can Increase Patients Flow
In the current health care system, it has become very important for the physician practices to ensure smooth and timely returns for the services they provide. Due to increased expenses and falling collections, providers are now more concerned about billing and revenue targets. According to a survey, a large percentage of physicians (91%) prefer outsourcing …
The global blockchain technology market in the healthcare industry is expected to reach $500 million by 2022, according to a report from Frost & Sullivan. Blockchain is a promising technology that is disrupting various industries and is making waves in healthcare as well. Healthcare data is piling up with every passing day, as there are wearable and …
Read moreBlockchain Technology and the Opportunities in the Healthcare Marketplace
Technologies are very significant in this digital world. They replace all the previous and irritating methods and take place of them. Technologies play a vital role in many fields. Some of the top technologies to improve the practices are explain in this article. Although healthcare tech is rapidly transforming practices, however, there are six technologies …
Read moreSix Healthcare Technologies That are improving the Workflow of Practices
With various operations taking place under one roof, the central billing office is amongst the ones suffering the most. One operation amongst many includes denial write-off which has increased substantially in recent years. Their increase is defined by 79% but still, the billing office personnel have not properly worked on it. They have a reason …
Read morePre Write-Off Insurance Collections Can Lead To Major Cash Recovery
The primary responsibility of a medical billing company is to provide the patients with correct billing so that they are accurately reimbursed without any headache. Human and electronic omissions cannot be avoided completely but billing companies are supposed to ensure as few such errors happen as possible. Rejected and denied a claim Incorrect medical billing …
Read morePotential Medical Billing Problems and Returned Claims
As a healthcare service provider, if you consider outsourcing your medical billing, there are important aspects that you must understand to make an informed decision. Benefits of outsourcing medical billing Outsourcing has become quite a popular trend in the past decade due to various benefits of outsourcing medical billing. For a provider, the first responsibility …
Read moreOutsourcing Your Medical Billing: Five Important Things You Need To Know First
Last year over 600 individuals were charged for healthcare fraud schemes in the United States involving over $900 million false and unethical medical billing practices. There is no end to it, every year a huge number of medical practitioners are accused of healthcare frauds worth billions. Basically, frauds in the health care industry are no …
Read moreUnethical and Fraudulent Medical Billing Practices Are Costing Billions