Your patient’s schedule is piling at the seams. Providers have already added and yet, your cash flow is not up to the mark or say slow. So where is the cash? Take a good look at your accounts receivable (A/R) process. You may find that efficiency is lacking and overwhelmed staff is hindering revenue growth. […]
Formula for Improved AR: Connecting Physicians with Medical Billing Companies through Correct Dashboard
Read More.. Formula for Improved AR: Connecting Physicians with Medical Billing Companies through Correct Dashboard
How to keep your Practice’s Accounts Receivable on Track
Based on the credible estimates by Medical Group Management Association (MGMA), practitioners fail to collect as much as 25% of their accounts receivables on an average, owing to a host of reasons, particularly the various complicated rules of the Insurance Companies. The rules that have turned complicated with time often lead to high risk of […]
How to Improve Medical Practice Collection and Decrease Account Receivable Days
Revenue cycle management is one of the key requirements for improving and properly managing the medical practice collection. Apart from adopting different ways to decrease the accounts receivables days and improving medical practice collection, creating medical billing reports and understanding the general rules pertaining to the process of billing and account receivables are also imperative. […]
Are you Struggling with Pending AR and Billing Challenges?
Are your billers trained in collecting receivables? Does your practice collect insurance and patient balances efficiently? These are some of the important questions every physician should have an answer to. According to research conducted by the Medical Group Management Association, better performing practices generate more revenue, create operational efficiencies, ensure provider productivity and collect receivables […]
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 denials disrupt the cash flow […]
Do you Classify your AR and Target Each Bucket?
AR is defined as the medical Accounts Receivables. It is important to keep an account of the medical activities that take place so as to have a hold on the monthly performance of a practice. A successful medical practice needs reports, tables and metrics to make improvements in the health industry. Many a times the […]
Simplifying AR Management in Medical Billing Processes
A significant element in the field of healthcare financial management is the accounts receivable management (ARM) in medical billing, which is crucial to the success of one’s practice. Accounts receivable basically means the sum owed to a medical practice for the services provided but not yet paid. It indicates the economic health of any business. […]
Major Medical Billing Issues Faced by Healthcare Providers
The medical billing process is a relationship between the healthcare service providers and the insurance companies. This process has undergone tremendous streamlining with the coming of technology but there are still some ongoing issues which can come in the way of a smooth run towards getting paid for their services. Some of the potent issues […]
Is your Dental Practice Facing a huge outstanding AR?
According to a survey, dentists perceive past due accounts as the biggest threat to their revenue cycle. Past due debt should not be an accepted way of doing business. If you have slow or lazy payers, you need to take necessary measures to reduce account receivable days. Don’t be complacent when it comes to bad […]
Outsource Cardiology Billing to sail Through Reimbursement Cuts and Rising Expenses
Significant cuts in reimbursement and rising costs of healthcare provision have posed grave challenges for cardiology practices across the US. Two proposed rules addressing Medicare payment and quality provisions for physicians and hospital outpatient services in 2014 released by CMS will have important ramifications on cardiology professionals. These rules have indicated more than 22% decrease […]
