fbpx

5 Medical Billing and Coding Mistakes and How to Avoid Them

A minor write-off in medical billing and coding can end up in the denial of payment. If a payment is denied, profits of a physician practice can go down with a tiring process of sending revised claims and following it. There can be a number of reasons due to which you can face a payment …

Read more5 Medical Billing and Coding Mistakes and How to Avoid Them

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 …

Read moreDenial Management TIPS on How to Improve the Process

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 …

Read moreFour Key Significances of Medical Billing Outsourcing

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 …

Read moreThe Benefits of Electronic Medical Billing

How Medical Billing Outsourcing Can Help You improve your practice!!

A medical billing company can help a great deal to the physician office and hospitals if they are lagging on the finances. No matter how zealot you are toward patient-care, you can only accomplish your mission if you have a proper medical billing department to take care of the financial needs. You can hire expert …

Read moreHow Medical Billing Outsourcing Can Help You improve your practice!!

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 …

Read moreOut-of-Pocket Costs Catching up with Medicare Beneficiaries

Insurance Reimbursement and Cash Flow Dilemmas for Physicians

Physicians often conduct partnerships with other medical units for a steady supply of services for the patients. This happens to take care of the patient load and lack of medical staff to take care of the facilities. The medical units want proper health care for patients in their unit and medical staff from other services …

Read moreInsurance Reimbursement and Cash Flow Dilemmas for Physicians

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 moreHere Is How To Reduce Your Risk Of Bad Receivables

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 moreMost Common Problems in Medical Billing and Coding

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 …

Read more6 Key Revenue Cycle Metrics That Your Practice Must Track