In July, the proposed Medicare physician fee schedule for 2019 was announced by CMS. CMS is working to make some changes to make things easier for providers while improving access for patients. Here’s a closer look at 3 billing and coding changes you can expect to...
As a medical practice, you must be well-aware that insurance companies do not always pay every claim for the agreed upon rate, for various reasons. In case of denials or underpayments, it is best to identify whether the claims need appealing. Since appealing is a...
Are medical billing errors eating into your practice’s revenue? If you are not making the revenue you deserve despite the best specialists, staff and patient services, then this is something you need to pay immediate attention to. Medical coding and billing errors can not only...
Many practices are facing problems navigating the recent changes in the healthcare landscape. An increase in patient demands, over-burdened staff and spiking costs, have made it tough to keep your private medical practice surviving. If you want your medical practice to not only survive but thrive,...
In medical billing, carriers often tell practices that their claim is ‘not on file’, even though the clearing house reports indicate that the claim was accepted electronically by the payer. In addition, internal billing staff are often troubled with problems like – inability to touch...
Medical billing and revenue management are one of the most important aspects of a practice’s financial health. However, these processes are often prone to errors. To avoid these errors, it is important that you understand what these errors are. Upcoding Upcoding refers to unintentionally adding a service...
Efficient revenue cycle management is vital to the financial health of any healthcare practice. The revenue cycle includes a patient’s account in your system from creation to payment. In the revenue cycle each step affects the another. Missing or errors in one step can affect...
Your medical claims and revenue cycle heavily impacts your bottom line. The revenue cycle management factors that affect revenue are – Coding accuracy Insurance claims Denial management Collections Patient payments Here are some current trends in revenue cycle management that you should know if you are...
Your cash flow has a great deal of impact on your practice’s bottom line. If your cash flow and revenue is falling short, here are a few things you can do to revive your bottom line. Cut unnecessary expenses Your in-house billing staff may have trouble keeping...
Outsource or In-House? This is one question about medical billing that haunts every medical practice and hospital. There are pros and cons to both medical billing methods. Yet outsourced medical billing has great benefits that practices may not be aware of. In-House Billing is Expensive While it...
