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Latest Updates on Medical Billing

Latest Updates on Medical Billing

It is very important for doctors to conduct audits at their medical practice. This will not only help in improving patient care to a great extent but also help review the practice and identify problem areas. Audit is basically a critical and systematic analysis of the practice. It is a great way of confirming if the management is consistent with the said guidelines or not. There are several criteria that need to be considered when

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Today, most insurance plans sold in the U.S. include copy and high deductibles. It means, the patient has to bear a significant portion of the expense that will incur on routine visits to a medical practice or for medical procedures. Does this pose a problem for practices? The answer is yes. If a medical practice doesn’t have a robust payment collection strategy, then it will start losing money because collecting from patients can be a

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Are you a DME supplier looking for ways to keep up with your accounts? Do you want to grow your business and get paid on time? If yes, then you need to ensure that your team is following the best practices for DME billing. Since the billing and coding rules for DME keep changing, it is very important to have coders and billers who are abreast with the industry changes. From submitting claims on time

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According to the industry reports, staffing shortage at mental health clinics is worsening and is at a crisis point. This is happening at a time when demand in all aspects of mental health services is on the rise. As per reports, psychiatric nursing graduates are emigrating to the private sector for better pay and work conditions which have pushed the recruitment and retention crisis further. What is causing the shortage? Shortage of mental health providers

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If you are running a medical practice, you will need consistent cash flow in order to survive in business. To make this happen, it is vital that the billing procedure is being handled expertly and efficiently. From submission of error-free claims to obtaining timely reimbursement, there is a lot that goes into the process. There are various things that can be done to streamline this procedure and ensure that claims are billed and processed without

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Wrong use of modifiers is one of the most common reasons why DME claims get denied. There are several DME billing requirements that need to be fulfilled and billing the applicable modifier is one of them. In addition to the right HCPCS codes for durable medical equipment items, many HCPCS codes also require a modifier. These modifiers are mainly used for providing more information about the durable medical equipment. When the right modifier is used,

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If you really want your practice to grow and make profit, then there are two important areas you need to work on- A/R and denial management. Without an effective strategy for denial and accounts receivable management, you will be losing a lot of revenue. According to a study by a 2014 Advisory Board, around 90% of claim denials are preventable. It is very important that you are watching out for A/R aging because delayed collections

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Are you a practice owner struggling to bring in new patients? If yes, then having a strong social media strategy can really help. Yes you read that right! When used in the right manner, social media can work wonders for your medical practice. Channels like Twitter and Facebook can play a crucial role in helping you reach patients and grow your practice. How social media channels help? Online footprint Social media helps in increasing the

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Every medical practice owner (clinical or non-clinical) should undertake a review of their practice on a regular basis. Through a critical and systematic analysis, it not only becomes easy to improve clinical care delivery or health outcomes but it also helps in confirming if the staff and management are following the guidelines and working properly. What goes into a medical practice audit? You can get an audit done for a particular area of your practice

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