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Latest Updates on Medical Billing

Latest Updates on Medical Billing

From less than 5% on denials and 98% clean claims submission to daily claims status reporting and timely collections, there are several ways in which this offer will benefit chiropractors get their revenue cycle management back on track. Philip Morgan also added – “As Medicare investigators and contractors have increased the scrutiny of chiropractic practices across the US, submission of clean claims has become vital if providers want to avoid denials or scrutiny. To meet

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247MBS, a leading medical billing company has announced an exclusive 1-month free billing offer for chiropractic practices across the USA. According to Philip Morgan, Expert at 247MBS– “Chiropractors are facing several challenges due to the ever-changing billing and coding landscape. Through this offer, 247MBS aims to reach more practices and help them obtain timely payments without having to deal with compliance and other issues.”

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As the rules for chiropractic medical billing are different from other medical specialties, providers will always be in need of expert billers and coders who understand the challenges of the specialty and bring in more revenue. From down coding to under-coding, various unfortunate billing practices have led to more scrutiny of chiropractic offices. This has pushed the need for effective chiropractic billing services further. “Through this offer, we are giving a chance to chiropractic offices

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Want to run a profitable practice? Then make sure you are doing something to improve patient collections. According to a survey by the ACA International, approximately 29% of adults have medical debts or difficulty in paying medical bills. It is apparent from this number that timely patient collection is vital if practices don’t want to leave money on the table.     In order to boost collections, there are some physicians out there making drastic

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As one of the leading providers of medical billing services, 247MBS has been helping mental health experts improve their collection rates and streamline their revenue cycles. From handling insurance claims processing and payment posting to conducting unpaid claims follow-ups and verification of benefits, the expert team of coders and billers at 247MBS has been providing comprehensive services to clients across the US. The team at 247MBS has expert knowledge of the latest insurance rules, coding

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In an effort to provide top-notch billing solutions and to help mental health experts get paid on time, 247MBS, a leading medical billing company has announced its 1-month free billing offer. With this exclusive offer, 247MBS intends on helping providers survive complex billing challenges and get paid on time. Healthcare expert at 247MBS- “Due to the recent changes in procedure and diagnostic codes, several challenges have cropped up for mental health billing. Even variability in

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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 compliance, transmission of claims, monitoring adjudication, generation of patient statements and follow-up on patient payments. To get paid on time, it is necessary for practices to hire a reliable billing company such as 247MBS

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When it comes to creation and maintenance of medical billing codes, then the AMA (American Medical Association) handles the same. The ICD Codes are maintained by the WHO (World Health Organisation). The advisor panel at the AMA reviews and updates the codes on a yearly basis. CPT or Current Procedural Terminology is regulated by the AMA and Fee Schedule decides how much should be paid for each CPT or service. It is important for the

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This is quite a tough question to answer because there are several billing companies doing credible and good quality work across the US. To a great extent, choice of a Medical Billing partner can depend on the requirements of the practice. However, irrespective of the what the practice needs are, it is recommended to hire a billing company that offers customised solutions. For instance, billing companies like 247MBS offer top-notch, customised solutions to practices of

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Many practices are skeptical of Outsourcing Medical Billing and coding services because they feel they won’t be in control of their revenue cycle. What they fail to realize is that if they have partnered with a reputed company such as 247MBS, they cannot only get paid faster and boost revenue but also reduce overhead costs and get more time to focus on delivering quality care. A good Medical Billing Company will help practices stay in

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