Denial Management TIPS on How to Improve the Process

A denied medical claim can be stressful and disappointing for medical billers and physician practices as well. A denial of any medical bill can happen due to the following reasons: Error while typing due to carelessness No or less working experience in related field iii. Misinterpreting the information Coding in an inappropriate manner Insufficient or …

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Four Key Significances of Medical Billing Outsourcing

As more and more healthcare providers i.e. hospitals, physician practices, and clinics are seeking to outsource their medical billing services. Medical billing professionals are hard to find, and seeking one with specialized services is even harder. The reason is that most skilled medical professionals now operate their own firms. They prefer working on projects instead …

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The Benefits of Electronic Medical Billing

Recent advancement in technology has transformed the Healthcare industry and the medical billing process i.e. Electronic Medical billing. It is a term that is highly used these days, it a process in which a healthcare provider submits a bill or claim to the health insurance companies and keeps the follow up in order to receive …

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Out-of-Pocket Costs Catching up with Medicare Beneficiaries

Although Medicare has been a trusted health organization for almost half a decade. It covers 60% of the hospitalization, almost 80% of the doctor’s bill, and other precautionary services. However, now its beneficiaries are facing higher costs for the benefits it offers. Medicare prescription drugs should not be of out-of-pocket costs; this facility should be …

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Here Is How To Reduce Your Risk Of Bad Receivables

Reduce bad receivables through these simple tips. Medical companies often find themselves strangled with bad debts. The reasons are simple: the claims are rejected; the insurance companies don’t deem the services payable, or the medical staff wasn’t trained well to collect payments. But these bad debts can be minimized through these simple ways. Reducing Claim …

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Most Common Problems in Medical Billing and Coding

Medical billing and coding errors are one of the most common reasons that cause claim denials and physicians suffer a huge loss in revenue. According to a report from the U.S. Government Accountability Office, almost 30% revenue loss of medical practices results from medical billing errors. The nationwide rate of denials for procedures not covered …

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Accounts Receivable (AR) Follow Up and Denial Management for Practices

AR & Denial Management is the main area to focus if practices want to successfully achieve their business goals. If a practice is having an effective accounts receivable and denial follow up strategy, only then the accounts balances show a positive outcome. If a practice lacks the expertise required to manage accounts receivable then it’s …

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