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...
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...
