For a healthcare practice to succeed, it needs to continuously evolve focusing on their finance and medical performances. In today’s healthcare environment, the cost of healthcare is continuously increasing, which is then changing the current medical payment model. This also increases the competition, which means patients have more choices and control over what healthcare practice …
Many people get confused about what a Health Insurance Provider Network is and what do they do? They are healthcare providers and their main job is to provide healthcare at a discounted rate by contracting with an insurance company through EPO, HMO, or any other plan. The discounted price is then accepted as a total …
Medical Billing is one of the most time-consuming, tedious, and demanding tasks. Practitioners and physicians often get confused between keeping the medical billing in-house or outsourcing the billing function. Medical billing also requires you to spend a large amount of money no matter whether you outsource it or decide to keep it in-house. It is …
One of the most asked questions in the healthcare industry is, how long does it take to get credentialed? Now there is no specific answer to this question as the turnaround time for medical credentialing varies. A standard credentialing process takes from 90 to 120 days based on the guidelines. In some cases, the process …
Medical Billers and Coders play an integral role in the medical industry. They perform most of the behind-the-scene tasks whilst providing a smooth and comfortable experience for the patients. This job’s demand is really high which is expected to increase by 13% by 2026. The role of medical coders and billers is very crucial, however, …
There are times when healthcare service providers used to indulge in pass-through billing, which is controversial. Pass-through bills are considered unethical and illegal because the healthcare providers or their staff request billing for a service that is not provided by them. The billing provider increases its profit by charging for a service that they did …
Once you have set up your medical billing business, the next step is growth. Growth is necessary for any business to survive in the market and be successful. The same is the case with the medical billing business. Growing your medical billing business basically requires acquiring more customers. But how simple it is to attract …
The economic situation in the world economies has been terrible in this second quarter. Look at the economic collapse in the United States. Many would say that it was foreseeable that these very steep falls would occur. Let us remember that in the second quarter we witnessed an almost total paralysis of economic activity due …
The pandemic has given rise to telehealth but concerns are managing the clinical and billing staff remotely. The COVID-19 lockdown has forced many organizations to consider remote working to keep them operational. However, various HIPAA regulation specialists and representatives from law firms dealing in medical-related lawsuits have raised their concerns over the practical viability of …
With the help of Artificial intelligence (AI) any company or organization can maximize their income and workflow in their revenue cycle management system. Artificial intelligence was a dream before but over time it becomes a reality and it brings a revolution in many industries especially in the healthcare industry. Artificial intelligence is the most powerful …