Month: November 2014
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How many Physicians are already Submitting Claims Electronically?
Information technology is playing a major role in every field and the government is taking pains to extend its role into the healthcare sector as well. They have chalked out various policies and spent billions of dollars in the form of Medicaid and Medicare health programs so that healthcare information…
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What Factors to Consider for Improving Medical RCM?
The healthcare industry has seen a number of changes in the recent past. Most of these changes have affected the reimbursements and revenue cycle of medical practices. While the insurance programs have started reducing the reimbursements for physicians, third party payers charge a negotiated fee-for-service. These factors result in reimbursements…
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Remote Medical Billing: A Growing Trend
There is a tremendous increase in the number of people seeking medical attention. The reasons behind this range from an increase in life span over the years to an increase in the number of diseases. This increase in medical services has thrown light on a very important aspect – the…
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Urology Billing Solutions: Billing Software or Outsourcing
Timely payments and accuracy in billing are the two main factors that determine the financial strength of a urology practice. Considering the rise in billing complexities and increased healthcare costs, it has become important for urology practices to decide between outsourcing and investing in billing software. Industry Facts According to…
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5 Common Medical Billing Errors
Billing errors lead to denied or delayed payments. If the mistakes are not caught ahead of time, it can lead to costly fines and loss of revenue for medical practices. Mistakes in medical billing have become a common occurrence due to billing complexities and inexperienced medical professionals. According to a…
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Is your Clinic too Crowded? Save your Medical Practice by Optimized Management
More patients mean more money but many practices are still not prepared for handling the patient influx caused by the Affordable Care Act. Due to the lack of skilled front-desk staff and physicians, providers have become uncertain about the future of their business. The shortage of skilled resources has put…
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Role of Timely Appeals in Getting Paid
The odds of a denied medical claim or reduced payments have increased substantially as insurance companies have tightened the eligibility requirements. The procedure for claims filing has also become complicated. With new codes being introduced every day, it has become important to ensure error-free claims for getting timely payments. Claims…
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