Latest Updates on Medical Billing
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Latest Updates on Medical Billing

Latest Updates on Medical Billing

Relief from pain and illness often comes at a steep price. One visit to a doctor’s office or the emergency room can produce a bill for hundreds or even thousands of dollars. The good news? That “total due” isn’t set in stone. It’s often possible to negotiate a lower balance and a manageable payment plan. A 2014 NerdWallet study found that 63 percent of Americans have received medical bills that were higher than expected, but

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Hospitals are increasingly attuned to the need for forward-looking revenue cycle management technology and are eying vendors very closely according to a peer60 report. In doing so, they are becoming increasing picky about the vendors they select reports HealthCare Dive. “Healthcare is being pushed to a 90 percent adoption rate of value-based reimbursements by the end of the decade,” said Jeremy Bikman, CEO of research firm peer60. “Our research indicates that as providers transition to

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The changes incorporated in the healthcare industry in processes like medical billing, due to the Affordable Care Act (AFA) may not be as affordable for the US physicians as for the citizens. It is advisable to have a proactive approach to safeguard your medical practice’s revenue. The healthcare reforms and introduction of new systems like the Meaningful Use (MU) Stage 2, ICD-10, patient quality report system (PQRS), payment incentives, etc. are reported to cause revenue

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The Medicare program announced yesterday that ICD-10 diagnostic claim codes will get a one-year grace period. The new regulation says that they will not be rejected for payment for the simple reason that the ICD-10 code submitted is not specific enough. These codes are very long and numerous. However, the Centers for Medicare & Medicaid Services (CMS) says the they are important as a new code system will help to modernize patient care and research

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Running a financially healthy healthcare unit amidst all the healthcare regulatory changes that take place regularly is an arduous task. Keeping up and incorporating the changes is as essential as keeping a tab on the practice’s performance, especially on the revenue cycle. Your accounts receivable (AR) health shows whether or not you are covering up for your expenses and for the services you rendered. Although most medical practices conduct a yearly AR report, we at

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