Accounts Receivables Archives

Improving Profitability of your Chiropractic Billing with Revenue Management

Revenue management or revenue cycle management is increasingly becoming one of the most vital functions in healthcare industry. For any care provider to stay financially viable, proper planning and management of revenue sources is absolutely essential. In an alternative medicine field like Chiropractic, revenue management underlines the short term and long term operations of the […]

How Can Outsourcing Help Better Position Your Practice for Pay-for-Performance?

Pay-for-performance programs are a great way of rewarding health care providers but do you have the time and resources to make your medical practice eligible for such rewards? There is no doubt that these programs provide encouragement to doctors and better services to patients but several challenges are also related to pay-for-performance- In order to […]

Improving your AR by Switching to a Billing Service for Your Medical Practice

One of the most frustrating issues for a physician is delivering quality medical services and not getting paid for it. Your practice can become successful only when the receivables are captured at all times. In absence of follow ups, you will not be able to recover the deserved amount as the recovery process becomes close […]

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How to Prevent Shrinking Bottom-Line with Streamlined Cardiology Billing Process?

Cardiologists are reported to have been writing off a considerable chunk of medical bills that could otherwise have been realized if they had a more responsible cardiology medical billing in place. If the industry sources are to be believed, over 20 percent of claims are left unrealized. What is even more worrying is that Account […]

Tackling Reimbursement Challenges Posed by Inpatient Coding With Professional Medical Billing and Coding!

The fact that inpatient medical coding deals with patients after they are discharged from health centers makes it widely different and much more complicated than outpatient billing and coding. Inpatient billing and coding has to account for the entire set of eventualities stemming from a patient’s stay in a medical facility, almost requiring a coder […]

Electronic Medical Billing, a preferred way improve your collections

As the insurance reimbursement environment becomes increasingly stringent, the incidence of denials, delays, underpayments, and lost or ignored claims seems to be on the rise. Consider this interesting statistics compiled by the Centers for Medicare and Medicaid Services (CMS: 70% of claims are paid the first time they are submitted; 30% of claims are either […]

AR aging over to 120 days – Is it Prudent to opt for a medical billing service?

Accounts receivables (A/R) management is a vital element of revenues for physicians and forms a crucial part of a physician’s revenue because of the role of insurance companies and other similar entities in the whole revenue cycle process. There are several methods of managing accounts receivables and there are no common techniques of evaluating this […]

How do modifiers increase your AR by more than 60 days?

The number of days a physician’s takes to collect their receivables is a good indicator of how well the physician’s clinic is collecting its accounts receivables. Industry standards state that organizations which were considered as “better-performing medical practices” – excelled in four performance management categories, one of which were Accounts Receivable and Collections. Depicting that […]

How aging reports aid in realizing Account Receivables

Notwithstanding the importance of flawless coding in maximizing healthcare insurance reimbursements from insurance carriers, it is the Account Receivable Management (A/R Management) that proves decisive in either making or breaking your chances of mitigating denial or delay of your medical bill claims. Most of the physicians, whose primary focus happens to be quality medical care […]

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