As per reports, the medical billing outsourcing market in the US is expected to reach USD 7.8 billion by 2026. There is a never-ending pressure on physicians to cut down costs and improve quality of care. They are being expected to perform well amidst declining Medicare payments, growing burden on [...]
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 [...]
With the shift to value-based care, it has become necessary for providers to focus on patient engagement and access. They need to ensure that patients are able to easily and affordably engage in their own healthcare and achieve optimal health outcomes. Wondering how to make this happen? It is [...]
247MBS has announced a double bonanza offer to help chiropractors and mental health experts boost their income and enjoy more savings. The company is offering its new clients 30% discount on their first three billing invoices along with a free A/R cleanup. The aim is to help providers put an end to [...]
7 Reasons why Medical Billing Outsourcing works for Physicians Medical Billing Outsourcing isn’t ideally a new concept for practices in the US. By letting a third party handle the medical billing services, growing number of healthcare providers are making profits and are getting ample time to [...]
247MedicalBillingServices has been offering top-notch medical billing services to various practices based out of Ohio, proposing them solutions to overcome revenue challenges. Recently, we were hired by a cardiology practice in Ohio that was facing issues with their medical billing. Here were some [...]
2018 witnessed many changes, from rise of automation to increase in medical billing outsourcing. With the advent of 2019, it is a critical time for every provider to look out for latest changes in medical billing services. For healthcare practices, efficient revenue cycle management is the most [...]
In the US healthcare industry, breaches have increased in frequency along with the penalties. Due to the lack of compliance and security on part of healthcare providers, hackers are finding it easy to attack the systems. So as a provider, you need to think hard about HIPAA compliance in 2019 [...]
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 [...]
For healthcare providers, the medical billing cycle is based on code sets, especially the ICD-10 code set. There are several steps involved in the billing cycle, registration of patients, conformation of financial responsibilities, patient check-in and check-out, preparation of claims, checking [...]
