What is a Line of Credit and How Can it Help Your Hospital

Before we talk about how a line of credit can help you, it would be beneficial to first establish what exactly it is. Put in basic terms, it’s a loan. However that is too over-simplistic to be helpful. A line of credit is, yes, a loan. But the customer or entity receiving the loan will …

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Chiropractic Treatment A Diagnosis Of Neuromuscular Disorders

According to doctors, there are more than 600 types of neuromuscular disorders. This type of disorder can impact the brain and central nervous system. So far, the only medical solutions for dealing with this problem are medicines, but they come with drawbacks. One simple and cheap solution to deal with this issue is chiropractic treatment. …

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The Healthcare Industry Tackles the Opioid Crisis

Opioids are used all over the world to relieve pain. They range from oxycodone and hydrocodone, which are mild or moderate in concentration, to the highly-concentrated fentanyl. When taken, they induce drowsiness, sedating the person to get their bodies to rest. However, opioids also induce psychoactive tendencies in the person, which has led to their …

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Financial Viability Is the Major Concern of Healthcare CEOs

‘Financial viability is the ability to generate sufficient income to meet operating payments, debt commitments and, where applicable, to allow growth while maintaining service levels.’ To survive and thrive in a highly competitive business environment, every organization wants to ensure a steady flow of cash to meet the expenses and to reinvest for infrastructure development. …

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Tips on How to Reduce Days in Patient Accounts Receivable by Outsourcing the Process

In medical and Healthcare field, the decline of refunds, rise in deductibles of patients as well as rise in the expenses of operation is increasing the gap between the investment and the returns. The filing procedure and following up on the claims for insurance is getting serious for hospitals and for medical professionals. Outsourcing the …

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6 Key Revenue Cycle Metrics that Your Practice must Track

Most medical practices analyze their financial health with a simple analysis of cash flow when it represents only the one aspect of the revenue cycle. Revenue cycle management for practices is a complete process that starts from charge capture, claims submission, accounts receivables, collections and ends up on the analysis of the financial data. It …

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

Accounts receivable and claims denial management systems are crucial to the profitability of the revenue cycle. When it comes to a company’s financial health, it is these revenue cycle operations that make all the difference. It doesn’t matter whether you outsource all or just a portion of your revenue cycle management operations, you can be …

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7 Tips on Collecting Copays and Deductibles from Patients

Only medical practitioners know how challenging it is to manage and run the revenue management cycle successfully. The major part which hinders the revenue growth is collecting copays and deductibles from patients. But many times when physicians don’t know exactly about its collection they often found asking can doctors collect deductibles up front. And due …

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Key Steps of Medical Billing and Collection Process

In this fast-paced world, everything comes with a price tag. You cannot deny the importance of finances whether it is business, healthcare, or even day-to-day chores. Medical billing is the financial aspect of healthcare services and procedures. The collection process in medical billing is one of the most vital parts of the billing and it …

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How to Determine Medical Billing Services Fees Rates and Quotes

medical billing services fees

Medical Billing Services Fees is basically the revenue of a physician that is dependent on the reimbursements of their medical bills. This is why, almost all practices, small or large; give immense importance to the efficient management of their finances, medical billing, account receivables, and overall revenue cycle management. Medical billing is a specialized field …

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