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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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…
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…
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…
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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