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247 MBS June 25, 2015 Medical Billing

Common Medical Billing Errors which Affect your Revenue

Almost 30% revenue loss results from billing errors. These errors are the common cause for claim rejections by insurance companies, aka payers in the US. Medical billing is much beyond just documentation; it is the very means of revenue generation.…
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247 MBS June 16, 2015 Medical Billing Outsourcing

Reasons Why you Should Outsource Medical Billing Services

Medical practices take resort to outsourced medical billing services in the wake of healthcare reforms and the revised payment fee schedule. It is predicted that most individual practices will either merge to form group practices or take resort to outsourcing…
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 Why 90% Solo Practices Might Outsource Medical Billing Services?
247 MBS June 11, 2015 Medical Billing

Why 90% Solo Practices Might Outsource Medical Billing Services?

The US healthcare industry is constantly at a state of reform, especially so from the time ICD-10 has been on the cards, i.e. from the year 2012. The original deadline was set for October, 01, 2013; however, it has been…
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247 MBS April 23, 2015 Medical Billing

How Medical Billing Helps you Generate more Revenue?

Generating revenue is a basic need for businesses to run smoothly. This stands especially true of running successful healthcare facilities. However, the noble cause of treating patients is put to financial risk by the constantly changing healthcare reforms. The main…
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247 MBS January 30, 2015 ICD 10

79% Of Organizations Report Successful ICD-10 Transition

Seventy-nine percent of the nearly 300 healthcare organizations responding to a KPMG survey reported a successful transition to the new ICD-10 coding system since the switch was implemented on October 1. EHR Intelligence reports that, despite mixed feelings about the…
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