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 …

Read more

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 …

Read more

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 …

Read more

8 Ways to Improve Your Patient Payments

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 …

Read more

9 Ways to Maximize Your Medical Practice Cash Flow

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 …

Read more

Medical Billing and Collection Process

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. …

Read more

Outsource Medical Billing Work and Increase Your Cash Flow (Outsourcing Vs In-House)

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 more