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Latest Updates on Medical Billing

Latest Updates on Medical Billing

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 because HIPAA is one of the most influential policies that affect patient experiences. It is being expected that 2019 will see various changes to the

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HIPAA (Health Insurance Portability and Accountability Act) guidelines were introduced in 1996 to protect the health information of patients and till today, compliance to these guidelines is a must for physicians. Even in 2019, practices will be required to adhere to the HIPAA rules and maintain the confidentiality of sensitive patient data. They will need a certain organizational method for implementing the comprehensive security and privacy policies to achieve compliance. Since HIPAA compliance can be

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Believe it or not but physician dissatisfaction and burnout rates are at an all time high in the USA. With most healthcare providers working at least 40-60 hours on a weekly basis, it seems that a career in medicine is not compatible with the concept of work-life balance. Problems like depression, dissatisfaction and burnout have become quite common in physicians. Especially female physicians are reporting work-life balance as an important concern. For many doctors, working

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Are patient collection issues eating up a lot of revenue for your practice? According to the ACA International, at least 29% adults experience trouble in paying their medical bills or they have medical debt. If your practice isn’t doing something to improve collections, you will have to leave a lot of money on the table. Not acceptable, right? So if you want to improve patient collections for your practice in 2019, then here a few

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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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