Get a Free Quote

  • Can't read the image? click here to refresh.

Contact Us

Latest Updates on Medical Billing

Latest Updates on Medical Billing

Striving for quality patient care and outcomes is always the first priority for medical practices. However, providers also need to juggle between getting paid and compliance with healthcare reforms. Since timely reimbursement is vital for surviving in the business, they need experienced billing staff to increase profitability and maintain cash flow. Considering the growing complexities of medical practice billing and unrelenting economic pressures, many providers are choosing to outsource their billing functions. By partnering with

Read More

Did you know demographic or technical errors are one of the top reasons for claim denials? According to the Advisory Board’s Revenue Cycle Benchmarking survey, approximately 61% initial denials are caused due to technical/demographic errors, followed by 16% due to eligibility and 12% due to medical necessity errors. When it comes to healthcare reimbursements, there is nothing more frustrating for practices than claim denials. In order to survive in business, it has become vital for

Read More

DME billing is complex in nature- this is something that almost all practices dealing with durable medical equipment will agree with. Quite often, providers get substantial orders for supplies but they fail to recover the expected revenue due to inexperienced billing staff and their inability to work around an effective DME revenue process. Error-free billing for durable medical equipment is critical because even if one medical device is billed incorrectly, it will result in a

Read More

Is A/R soaring and becoming unmanageable for your practice? If the answer is yes, then you need to stop making accounts receivable mistakes and start managing practice collections in a smart manner. According to a survey conducted by the MGMA (Medical Group Management Association), practices generate approximately 25% of their revenue from patient payments. So if your practice is failing to collect these payments on time, you might end up experiencing a significant loss of

Read More

2018 has come with new opportunities as well as challenges for medical practices. By improving the quality of care and lowering costs to increase patient satisfaction, providers are having a hard time navigating through various requirements. They are finding new ways to thrive in business considering the shift towards value-based care and increased financial responsibility of patients. In order to address the market pressures and make ends meet, here are three key areas that practices

Read More

2018 has brought a new set of opportunities as well as challenges for healthcare providers. Physicians continue to find themselves on the front lines of changing policies and technology threats. If you are among the practice owners hoping to make 2018 a fruitful year, then here are some of the strategies that might be of some help to you. Amidst complex reporting requirements and changing patient expectations, don’t forget to set goals and create plans

Read More

When was the last time you reviewed financial reports for your practice? If you can’t remember, then now is the right time to start because handling the business end of healthcare is equally important. If you don’t have a good understanding of financial reports, then you will be missing out on key metrics that are required for making good business decisions. In-depth understanding of reports will help you identify potential financial problems and shed light

Read More

Private practices across the US are bracing for another series of changes from the CMS (Centers for Medicare and Medicaid Services). Changes like new legislations, more inpatient codes, compliance demands, cuts to Medicare physician fee payment rates and performance-based incentives and reporting requirements will be impacting the bottom line of many private practices across the country. Due to complex reporting requirements for the performance-based incentive program, many physicians will not be able to take advantage

Read More

What is the number one priority for physicians? The answer is- delivery of quality patient care. But do all physicians get paid for rendered services? Are they equipped to support quality of care with sound financial management? Unfortunately, physicians in all specialties across the US are struggling with some common challenges that are impacting the bottom line of their practice. From challenges related to regulatory compliance and data analytics to the complexities of value-based care

Read More

With medical billing changing so fast, it has become difficult for an independent practice or even a single hospital to profitably manage the task in-house. Since there is an overwhelming number of tasks that medical practice managers have to contend with, outsourcing of clinical and administrative functions seems like an attractive option to many. Farming out functions like medical billing allows practice staff and providers to focus on what they do best while a dedicated

Read More
Social media & sharing icons powered by UltimatelySocial
Facebook
Google+
Twitter
LINKEDIN