One of the highest paying professions in the United States is that of healthcare professionals. However, for medical billing purposes, it is often important to understand the burgeoning fields/medical disciplines which are on the rise and garner the maximum revenue. Highest paying specialties: It has been observed that a specialists’ compensation is higher than that […]
Electronic Health Records have created quite a stir in the medical field. Its introduction has made life easier for the medical fraternity. Initially, though, it was not widely accepted and physicians were a bit unsure of taking this new technology on board. But as time passed its acceptance increased and more and more physicians made […]
With the Affordable Care Act come a slew of changes in the healthcare sector. Moreover the transition from ICD-9 to ICD-10 brings its own change that is leading to a whole lot of changes inside the medical portals. One of such reforms is the Value-based Payment system (VBP): paying physicians based on quality and efficiency […]
Many cardiology practices across the US are continuing to struggle with the regulatory changes, declining reimbursements, and increasing healthcare costs. It is becoming difficult for them to run a profitable business in an unstable environment. According to industry experts, small and medium practices will have to start monitoring and focusing on their revenue cycle to […]
According to the industry reports, an estimated 80 million Americans have one or more types of heart disease. The role of cardiologists becomes very challenging, keeping in mind the current state of health in the country. As there are several complexities in the job of a cardiologist, the same could be seen in cardiology billing […]
Most cardiologists work under hectic and stringent time schedules making it quite difficult for them to balance their professional and personal lives. Moreover, even after fully concentrating on their professional career they find it difficult to beat the tough competition that persists in the industry owing to the lack of time on innovative research. Medical […]
Payment cuts, ICD-10 preparation, rising healthcare costs, and increasing administrative challenges are some of the industry pressures that have caused hindrance to the success of all medical specialties in the US, including cardiology. Mentioned below are the top five technology trends that can help cardiology practice sail through RCM challenges and remain profitable. Implementing these […]
For the last few years, cardiology practices have experienced increasing administrative and overhead costs which have led to a substantial decrease in payment reimbursements for cardiologists. In recent times, cardiology practices have increased in size due to the evolving nature of this stream and the emergence of different ailments and their remedies. This has caused […]
US will continue to be the largest market for health IT, due to incentives being given by the government for health IT purchases. According to a report from Global Industry Analysts, the global market for health IT products is forecasted to reach $66 billion by 2020. This increase will be mostly driven by the desire […]
Uncertainty over healthcare reforms, rising costs, and failing payer reimbursement are some of the factors due to which cardiologists are selling their private practice to hospitals. Extensive coverage of billing and coding for cardiology specialties like – General Clinical, Interventional, Nuclear Specialty, Heart Failure, Transplant, and surgery– has been pivotal. According to the US Physician […]
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