Family practices across the US have been facing difficulties in revenue collection due to challenges related to medical billing and coding. Modifier omission, untimely claim submission, underscoring and inaccurate documentation may seem like minor errors; but they eventually have a major impact on the revenue cycle of practices. Our Family Practice billing has enhanced cash flow, […]
Avoid These Common Coding Mistakes in Your Family Practice with a Medical Billing Partner
Operating costs were listed as the top concern for medical practices in 2013; however, billing and payment hurdles also kept physicians on their toes. Family practitioners also raced in order to keep up with changes in CPT codes which proved extremely challenging, especially for providers with weak profit margins. The majority of revenue for a […]
Protect Your Family Practice from Dipping Medicare Rates through FP Billing Services
Approximately 22% patients in a typical family medicine practice are Medicare beneficiaries. Due to this, a 10.6% cut in Medicare fees translates into a reduction of approximately 2.3% in practice income for family physicians. This is a significant reduction if we consider the margin at which many family practices are currently operating. In case private […]
Value of Outsourcing Family Practice Billing Amidst Changes to Medicare Rates
Medicare rates are expected to dip by 25 – 30% in the months to come. Casual healthcare observers may think family practices will be affected only financially by this. But the fact is Family Practices are contending (or will) with a series of impacts caused by changes in Medicare rates- Decrease in Medicare rates will […]
Necessity of Experience and Expertise in Family Practice medical Billing
Family practice has traditionally ailed from under revenue collection for various factors related to billing and coding, like modifier omission, lack or inadequacy of supporting documentation, underscoring and claim submission. These may look like minor errors but their impact on revenue is anything but minor. For example, given the rates at which Medicare pays family […]
Family Physicians: Medical Billing Challenges in Family Practice
Medical Billing Challenges in Family Practice Family Medicine forms a crucial point of entry in the health care system, and the need as well as the shortage of family physicians in the United States is becoming a growing concern. Other specialties such as radiology, neurosurgery, and dermatology are more attractive due to the higher amount […]