Do you know what happens when a patient walks in with an injury occurred at the beach or on a tennis court? Add to this the pain of going through billing their insurance. It is not every day that you would bump into a lighting pole or get bitten by a turtle. The new codes […]
Are you among the practices that have outsourced your medical billing services? If yes, you need to ensure that your billing vendor is prepared to help your practice sail through revenue challenges scheduled in 2015. Here are few questions that you need to ask the billing company and assess whether or not they are ready […]
Is the AR follow-up procedure overlooked at your practice? If the answer is yes, your practice bottom line might be at risk. Even if you feel that our accounts receivable is running smoothly, there is a strong need to audit and cleanup AR at regular intervals. This will not only help you maintain a steady […]
We can’t overlook the fact that medical billing is getting complicated, with more stringent rules being implemented on a frequent basis. Healthcare providers are always challenged with the risk of bankruptcy, as they face hurdles in maximizing their revenue due to rejected claims owing to some inaccuracies in the medical coding and claims filing process. […]
Physicians need to ensure AGGRESSIVE management of accounts receivable. Why I emphasized on the term ‘aggressive’ is because AR cleanup can be a daunting & a time-consuming procedure. If billers are not following-up on pending AR vigorously, there are chances the practice will keep losing significant revenue every month. Medical Billers and CodersCatering to more […]
To quote Shakespeare in the healthcare parlance; “to outsource or not to outsource” is the question that robs providers of their sleep. In all honesty, most providers are slowly outsourcing medical billing to experts; so much so that outsourced medical billing service providers are opening shops like the mom-and-pop shops we see all around. It […]
This is the age of convenience! With rapidly growing technology, things are now at our finger tips. And when it comes to healthcare, medical billing companies have emerged as a comprehensive, cost-effective and hassle free medium of getting your claims settled. Today, physicians are aware of the fact that to stay in the business, they […]
A poor medical billing process can impact the patient influx and the performance analysis of a medical practice. Medical billing involves a lot of intricacies making it a complex and time taking process. Inaccuracy and fallacies in the medical billing system can cause financial losses as well as loss of credibility for patients. Medical Billers […]
The number of licensed physicians in Florida increased from 50,586 in 2012 – 2013 to 53,259 in 2013 – 2014. Hospitals in Florida, a key market for Medical Billing Services in Florida, witnessed 346,734 patient days in 2013, marking a 2.7% year-on-year rise. Total revenue generated by Florida hospitals grew by 3.4% year-on-year, reaching $4.3 […]
The American Medical Association (AMA) publishes the CPT coding manuals on an annual basis. In its 2015 release, the AMA has released a total of 542 CPT code changes. 505 of these changes have already been brought into effect as of January 01, 2015. For 2015, the AMA has published 266 new codes, revised 129 […]
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