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Latest Updates on Medical Billing

Latest Updates on Medical Billing

It is very important for medical practices to assess the efficiency of their revenue cycle management practices on a regular basis. Reviewing of A/R is required for the bigger picture assessment of the practices’ financial health. According to the industry experts, this evaluation needs to be done almost every month or every 3 or 6 months. The more frequently the review is done, the better it is for the practice. According to the CMS (Centre

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Did you know, in the Patient Protection and Affordable Care Act, Congress has recognized PAs (Physician Assistants) as one of the three healthcare professions in primary care. Due to the general medical background, PAs are quite responsive to the changing healthcare needs. From primary care to surgery, they are uniquely suited to provide preventive care service in all types of medical settings. Since they work in concert with physicians, it becomes easier to deliver comprehensive

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Balancing clinical obligations and taking care of patient needs and practice resources can take a toll on providers. But in order to enhance patient experience, it is important to improve their access to timely care. This can happen only when practices improve appointment scheduling. For instance, providers need to implement strategic scheduling practices such as same-day appointments or even consider piloting different scheduling models for optimizing access. Here are some of the benefits that practices

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According to a survey conducted by the MGMA (Medical Group Management Association), approximately 25% of a practice’s revenue comes from patient payments. So if your staff is finding it difficult to handle patient collections, you will end up losing a lot of money. In order to start bolstering your cash flow, it is necessary to ensure that your practice isn’t making these common collection mistakes:   Are you offering very few payment options to your

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The process of medical billing and collections is becoming daunting for medical practices with various coding and regulatory changes taking place. With the billing scene changing so fast, many providers are choosing to outsource their RCM needs to a third party also because managing it profitably in-house is getting difficult with every passing day. Outsourcing has become quite an appealing trend that is showing no signs of waning soon. Since it is hard for physicians

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When it comes to collecting co-pays, checking in patients and verifying insurance, the front desk staff has a vital role to play. The front desk also has a role to play in medical billing and collections for the practice. But even the back office does a lot of heavy lifting for billing and collections. So not just front-desk but back office staff also need to be experienced and well-trained. Here are some of the ways

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Want to improve your revenue cycle and make billing smooth and effective? If the answer is yes, then you will not only need expert billers but also well-trained front desk staff. Yes, you read that right. Front desk staff have a significant role to play in the billing and collections process for any practice. According to the industry experts, if your practice is having post-visit collection issues, then it is very important to evaluate the

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Stress-related burnout has become a growing problem for doctors as well as patients. Even though the medical community is starting to acknowledge this problem and is addressing the factors at play, it continues to plague physicians across the US. Generally defined as loss of enthusiasm for work, feeling of cynicism and a low or no sense of accomplishment, burnout has made it difficult for doctors to continue in the medical profession. From team structure and

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247MBS has an extensive understanding of the medical billing and coding challenges of chiropractors. Having billers and coders with an in-depth understanding of the industry pre-requisites, the company has been active in providing top-notch RCM solutions to its clients across the country. The main aim has been to assist chiropractors in streamlining their revenue cycle and reducing their overhead costs. “We offer 100% HIPAA compliant services, making use of the latest tools and technologies to

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Technology has simplified revenue cycle management for many practices. By implementing new technology ideas, providers have been able to extract greater profitability from their day-to-day operations. For instance, analytics has helped providers make informed business decisions. It has helped them detect changes before they become obvious. If you want to produce good results for your bottom line, them it becomes necessary to evaluate technology and implement it in an effective manner. With technologies, automation increases

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