If you are willing to move your career in a billing and finance field of a healthcare industry, it is essential to explore and have the information about all the medical billing types and strategies. Prior to stepping into the healthcare billing world, you need to understand these two types and the difference between hospital … Read more
The mechanism of strengthening a medical billing process means dealing with the complex revenue cycle and keeping adding the latest automotive tools to the process. With the associated complexities, it becomes even more challenging to coordinate with the internal practice flow, meet client demands, and process external pressure. This is why medical billing companies need … Read more
When a service provider receives a payment exceeding the amount payable for a rendered service, it is called overpayment in medical billing The overpayment is a matter of concern for those patients who may do advance payment but later they may feel trouble in carrying it. The patients may find out that they do not … Read more
Medical billing errors are nothing short of a nuisance for practices, patients as well as healthcare organizations. Would you be willing to pay $100 extra after doing your grocery shopping exactly as per the list of things you have compiled? Certainly not! You would double-check the bill and see every item purchased to ensure that … Read more
Physicians have to provide high-quality healthcare services to cater to the needs of their patients. Along with a busy schedule, physicians have to complete necessary administrative responsibilities as well – such as medical billing, coding, and credentialing. Physicians normally have two options either to outsource medical billing services, medical coding services, and physician credentialing services … Read more
Pass through billing occurs between a reference laboratory and a physician practice that enables the physician practice to send specimens to the reference laboratory for testing, pay directly to the reference laboratory, and then bill the patient or the insurance company for the medical test typically at a higher fee. The billing provider increases its … Read more
While it may not sound like a big task, growing any business is more challenging than setting it up. Of course, you can disagree with it but what we just said is true. If we talk about the medical billing business, getting new clients is the hardest task of all. If you are planning to … Read more
To take care of the non-medical obligations that your practice is facing, selecting the right medical billing company is vital. It is what will help it to divide the responsibilities in a way that does not create issues for the practice. These medical billing companies aim to reduce the overhead of the practice. This is possible … Read more
Independent practices make up a major part of the American healthcare system. Undoubtedly, people are more influenced by these independent practices as they are relatively inexpensive and ensure better care than larger healthcare organizations and hospitals. Moreover, these practices have won patients’ trust by adding to their convenience as they provide low-beneficiary costs and are … Read more
Last year over 600 individuals were charged for healthcare fraud schemes in the United States involving over $900 million in 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 … Read more