As a medical practitioner, your top priority is to provide your patients with quality care service. At the same time, you understand that it is not practical to neglect the financial aspect of your business. After all, proper management of finances is what makes it possible to offer quality care. A good medical billing service […]
Billing Managers performance goals and objectives to elevate job satisfaction and productivity. Billing Manager SMART goals to achieve success! Conducting performance analysis has been an age-old practice by many businesses worldwide. However, we come across many such physicians, solo and group practices, who do not feel the need to have any assessment and review done […]
With the increasing number of healthcare service providers all over the world, the demand for medical coding professionals is also increasing. Recent news also mentioned that this profession will be in great demand within the next 5 years. But, due to the recent transition to the new ICD-10 classifications, there’s a shortage of medical coders. […]
To err is human; but in the healthcare industry, it can cost a patient all his savings, or can drastically reduce the revenues of a physician. Hence, in all possibilities, the medical billing and coding team must avoid slip-ups or inaccuracies in billing claims that cause denials or rejections. Lessons learnt from 2016 must be […]
Are you aspiring to be a medical biller some day? Medical billing is certainly an interesting job, but coding way back in 1996 was much simpler than what it is now. Every year the billing industry undergoes numerous changes and much more sophisticated work. These professionals need to stay updated every now and then to […]
Somewhere along the way you decided to become a medical practitioner and use that knowledge to help and treat people. You didn’t spend all those years studying medicine to end up spending most of your time billing and coding for the procedures you performed. Yet, by now you must have understood, this is what is […]
In the medical billing and coding world- any error can turn out to be a costly affair. It is a well-known fact that healthcare providers receive the largest percentage of their revenue through processing successful claims. One wrongly spelled name, one transposed digit, a badly written documentation, can have a domino effect when filing claims. […]
Outsourcing medical billing and coding services are required when the healthcare facility or the solo practitioner is becoming a challenge, collections/revenues are steadily going down, billing processes are inefficient, there is high staff turnover, training, and technology costs are high and non-compliance issues are cropping up regularly. There are also times when fixed expenses need […]
Against the backdrop of evolving technology and ever-changing insurance requirements, 2016 evokes hope as well as apprehensions for healthcare providers. A lot has changed in the past few months. While healthcare costs maintained a languid pace in the beginning of the year, new provisions and mandates have bridged the gap between insurance providers and the […]
Have you reached such a state of hyper anxiety and at a loss as to why you ever outsourced the billing? Is your Revenue Cycle process not making any profits? Have your administrative and operational costs not reduced? If you answer yes to all of these- then yes your billing vendor has ruined you. But […]
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