As the date has finally come and gone, we were wondering if there would be a lot of action on October 1. By the 30th most of the practices must have submitted the pending claims and Thursday would see a fresh day. Although there are some practices that would have started assigning ICD-10 codes, it […]
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How to Avoid Denials and Reimbursement Delays for your Chiropractic Claims
As a Chiropractor, you must focus extensively on new advancements in your specialty domain and methods of improving patient care. But like most chiropractors, if you are also a clinic owner or individual medical practitioner, much of your time must also be getting delegated to the financial performance of your practice. Studies have revealed that […]
Strengthen Denial Management to Increase Revenue with a Billing Company
A denied claim can be quite frustrating for practices as well as medical billers. If the payer refuses to pay due to minor errors in coding or technicality, practices again have to go through the daunting process of claim re-submission. It costs money to manage the average denial so, even if you manage to collect […]
Reduce Claim Denials for Your Oncology Practice with a Medical Billing company
Is your oncology practice suffering from claim denials and underpayments? If the answer is yes, seeking assistance from a billing company can bring your worries to an end. Common oncology medical billing services issues: Compared to any other specialty, oncology has more complicated denied claims which require an effective denial management solution. The 2010 Affordable […]
How to Reduce Denials and Increase Medical Billing for your Gastroenterology Practice?
Gastroenterology is a focused field of medical service that has evolved dramatically over the past few decades. This in effect is a clear symptom of the changing lifestyle of an average American. Rise in gastric disorders have forced the populace to seek specialized medical attention and this has increased the focus of healthcare sector on […]
Does Your Practice Have the Medical Billing Expertise to Handle Rising Claim Denials?
Due to lack of billing expertise, many providers don’t get paid for the services offered. They fail to understand that every single denied claim can prove critical to the financial health of their practice. What medical billing services expertise is required for your practice? Denied claims are an increasing challenge that can be tackled with […]
Payment Posting and Denial Tracking the Most Time Consuming Parts of the Medical Billing Process
Denial tracking and payment posting are time consuming yet fundamental features of the revenue cycle management (RCM). Successful implementation of these processes can have a major impact on efficiency, patient satisfaction and financial performance of your medical practice. Therefore, there is a strong need to automate and streamline the procedure of payment posting and denial […]
Don’t Let Insurance Denials Eat Up Your Revenue Learn the Process of Appeal
In case of claim denials, every medical practice goes through the time-consuming procedure of dealing with a health insurer. Claim denials create a cash flow problem for practices due to which it becomes essential for providers to minimize delays and denials. Simplifying the appeal process: Physicians should appeal a denied claim even if it is […]
Reduce Claim Denials with A Streamlined Medical Billing Process
Medical billing helps reduce claim denials thus minimising losses that arise due to late payments and manual errors. Since medical billing is a complex procedure; adhering to stringent rules and procedures and also keeping up to date with the current regulations is mandatory. It also means educating your staff and keeping check of the ongoing […]
How Can A Billing Specialist Help Avoid Claim Denials?
Number of claims denied in the healthcare industry is a mystery. Claims are getting denied due to various reasons, and moreover the graph is showing an upward movement. It has been observed that most denials are in excess of 20%. As per a recent survey in Georgia, the table below depicts percentage of denials by […]