As high-deductible plans are becoming more and more prevalent, it is becoming difficult for providers to collect what they have earned. Today, practices don’t just have to worry about the usual coding and billing challenges or denials. Now deductible plans…
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7 Reasons why Medical Billing Outsourcing works for Physicians Medical Billing Outsourcing isn’t ideally a new concept for practices in the US. By letting a third party handle the medical billing services, growing number of healthcare providers are making profits…
For many healthcare providers, maintaining optimal cash flow and improving payment collection has become a challenge. They are losing money due to lack of rigorous and regular monitoring of their revenue cycles. Mentioned-below are six key revenue cycle performance metrics…
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…
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…
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