Collecting deductibles from patients is a difficult task, especially when physicians don’t know exactly if the patient is on deductibles. It means that most of the physicians are losing a major share of their earnings due to low collections from the patients on self-pay. As the employers are moving to higher deductible plans and copays, …
Read more7 Tips on How to Collect From Patients Having Deductibles
Getting paid for the services offered to your patients is equally important as is the quality of care. However, many physicians and medical practices just focus on providing the care and are not good at following up payments and collections. To close your revenue cycle successfully, physicians should undertake payment collection strategies. These strategies should …
If your practice is experiencing squeezed cash flow due to any reason, either it’s the latest policy compliance or any governmental program enrolment following which you are not getting the optimum payments. The new MACRA quality payment program is also challenging the physicians as it is moving to reporting of quality metrics and collections. It’s …
Medical billing is a process of preparing medical bills for healthcare services providers to get them reimbursed for the services they provide to patients. To prepare medical bills, a medical billing professional collects all the required information including patient demographics, clinical services provided, insurance details; compiles medical bills and sends them to payer for reimbursements. …
Outsource Medical Billing Work and Increase Your Cash Flow (Outsourcing Vs In-House) The matter of whether to outsource medical billing operations or keep the procedure in-house is one that ponders vigorously on many medical specialists and practitioners. The correct answer differs from practice to practice that directly relates to many factors such as age of …
Read moreOutsource Medical Billing Work and Increase Your Cash Flow (Outsourcing Vs In-House)
Cardiology Medical Billing Services is one of the tough departments within the field of science. It requires specialized billing mainly because of its multiple rules and procedures. Cardiology involves complex forms of contractual adjustments. The data relevant to cardiology are gathered with the help of different systems and sites. Cardiology medical billing services allow individuals …
Chiropractic Medical Billing Services Medical billing is the payment system in the US health system which includes a providing health care submitting, and following up on, cases with health insurance companies to receive payment for the services. The chiropractic medical billing services are targeted in outsourcing the billing. Chiropractic is a type of alternative medicine …
Medical Billing Services Fees Revenue of physician practices is dependent on the reimbursements of their medical bills. This is why, almost all practices, small or large; give immense importance to an efficient management of their finances, medical billing, account receivables and overall revenue cycle management. Medical billing is a specialized field and hiring the right …
Read moreHow to Determine Medical Billing Services Fees Rates and Quotes
Finding a Perfect Medical Billing Service Finding a perfect medical billing service for your practice involves many subtleties. But at a stage, every practice and physician looks for such a billing service that can increase their profitability, boost their efficiency and most of all take off the cumbersome billing chore from their shoulders. However, just …
Read moreHere is What You Should Know to Find a Perfect Medical Billing Service