Pre Write-Off Insurance Collections Can Lead To Major Cash Recovery

by

With various operations taking place under one roof, the central billing office is amongst the ones suffering the most. One operation amongst many includes denial write-off which has increased substantially in recent years. Their increase is defined by 79% but still, the billing office personnel have not properly worked on it. They have a reason …

Read morePre Write-Off Insurance Collections Can Lead To Major Cash Recovery

Types of Health Insurance Fraud In The United States, Examples And Its Impact

by

Fraud is a way of committing a crime to gain financial benefits. It is the factor which does not only cause unrest in society but also leads to economic destabilization. Insurance fraud is one of the types which occur when any person, company or organization plans to deceive to gain insurance benefits and it is …

Read moreTypes of Health Insurance Fraud In The United States, Examples And Its Impact

Potential Medical Billing Problems and Returned Claims

by

The primary responsibility of a medical billing company is to provide the patients with correct billing so that they are accurately reimbursed without any headache. Human and electronic omissions cannot be avoided completely but billing companies are supposed to ensure as few such errors happen as possible. Rejected and denied a claim Incorrect medical billing …

Read morePotential Medical Billing Problems and Returned Claims

Outsourcing Your Medical Billing: Five Important Things You Need To Know First

by

As a healthcare service provider, if you consider outsourcing your medical billing, there are important aspects that you must understand to make an informed decision. Benefits of outsourcing medical billing Outsourcing has become quite a popular trend in the past decade due to various benefits of outsourcing medical billing. For a provider, the first responsibility …

Read moreOutsourcing Your Medical Billing: Five Important Things You Need To Know First

Rules Aim To Meet Dual CMS Goals of Saving Money, Doctor Empowerment

by

Two rules recently issued by CMS, sought implementation of doctor goals to devote more time to patients, while also reimbursing them less for some services under the annual physician fee schedule. The finalization of the rules for the year 2019 is focused that there will be an evident improvement in the country’s healthcare system. It …

Read moreRules Aim To Meet Dual CMS Goals of Saving Money, Doctor Empowerment

Reasons Why Umbrella Insurance Is a Must for Doctors

by

What is Umbrella Insurance? Umbrella insurance is also known as personal liability insurance, which is a back-up insurance plan that kicks in after your other insurance coverage has been paid out, covering accidents that occur on your premises or because of you. Fundamentally this insurance can be considered as an added protection. Most of the …

Read moreReasons Why Umbrella Insurance Is a Must for Doctors

Learn the Seven Biggest Tips to Survive IRS Tax Audit

by

An audit is an official assessment of a person or accounts of an organization. ‘IRS Audit’, only listening to these words can scare even the most honest taxpayer, even if they have done their best to get their taxes in order. IRS is auditing doctors, and it looks like physicians are not comfortable with it …

Read moreLearn the Seven Biggest Tips to Survive IRS Tax Audit

Most Overlooked Tax Deductions That Physicians Independent Contractors Must Know

by

The recently passed Tax Cuts and Jobs Act is debatable, to say the least. Looking at the situation as a physician, at first glimpse, it seems as though physician independent contractor tax deductions would actually go up.  If you make money outside of your “regular” job, you will most likely have some related expenses that …

Read moreMost Overlooked Tax Deductions That Physicians Independent Contractors Must Know

Supreme Court Agrees To Hear $12 Billion Lawsuit over Obamacare Payments

by

The Supreme Court of the United States has agreed to hear $12B ACA Suit from insurers who claim they were hurt by risk corridor program. The health care law which is also called the risk corridors was introduced under Obamacare and the purpose of this program was to facilitate insurance companies who would participate to …

Read moreSupreme Court Agrees To Hear $12 Billion Lawsuit over Obamacare Payments

How an Insurance Company Auditor Tried To Destroy a Physician’s Career

by

There are numerous stories of physicians getting embroiled in issues of ethical nature or not a crime but seriously putting their career at stake by a medical insurance auditor. Consequently forcing many of them to deal with matters that they were not liable and damaging their practice. The undeniably meddling and regularly illogical managerial, administrative …

Read moreHow an Insurance Company Auditor Tried To Destroy a Physician’s Career