Is your cash flow in order? Are you receiving payments on time? Many healthcare practices struggle to collect patient payments and insurance reimbursements which seriously affects their bottom line. Here are a few steps you can take to improve your patient payments and revenue cycle. Explain...
Health care practices and hospitals have faced some of the biggest changes in regulations and general operations of nearly all industries. These changes are quick and only the most agile practices and hospitals have been able to sail across these shifts smoothly. From insurance regulations...
Family practice doctor treats patients in all stages of life and their work involves more than one medical field. The medical billing for such practices should be undertaken by someone who has the knowledge of the various procedure and diagnosis codes. Complete knowledge and coding skills...
The AR (Accounts Receivables) management process begins after the Provider creates and sends health insurance claims to various insurance companies. Depending on the transmission type and time elapsed since submission, you need to follow-up your claims. In medical billing and revenue management, there are 2 types...
Electronic claim submission not only makes the claim submission more organized and error-free, it also helps you navigate the common problem areas associated with the traditional submission process. This allows you to get paid faster. Faster Submission Electronic claims processing means access to all your billing and...
Electronic claims management is faster, more organized and more error-free, compared to traditional methods. It allows billing teams to work more effectively and focus on growing your business. Faster Claims Management Electronic claims management can verify which claims are under process and which have been accepted. Rejected...
Outsourcing your medical billing is vital for your practice if – • your medical billing is getting too complex to handle • denials and rejections are too high • your days in accounts receivables are mounting • you are tired of hiring and training new staff • leveraging new technology...
Insurance claim rejections and denials are one of the biggest challenges that can affect reimbursements for your practice. Errors can prove expensive and can have a significant negative impact on your revenue cycle and bottom line. While you can rework the rejected claims and follow...
Cash flow can be a big challenge for a small practice. Several factors, such as escalating operational costs, delayed claim submission, claim errors and bad patient debt can contribute to a cash flow problem. If you are wondering how you can reduce cash flow problem, the...
Whether you’re signing up with a new billing company or have an ongoing relationship with your current billing company, it is critical maintain a healthy relationship. You need to be aware of the latest industry trends, ensure your claims are processed correctly and paid on...
