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 […]
Medical billing and coding can be described as the procedure where a hospital caters to the needs of patients and submit the physicians’ bills to insurance companies for claims reimbursements. In order to receive the billed payments for the services doctors provided, it is necessary for the billing staff to submit accurately filled forms. It […]
Medical billing services play a pivotal role in assisting a smooth transaction between the payer and provider. They make sure that the payer makes the correct payment for the services rendered by the provider. Similarly, they also make sure that the provider has billed the correct medical plan and have used the correct codes so […]
There is a tremendous increase in the number of people seeking medical attention. The reasons behind this range from an increase in life span over the years to an increase in the number of diseases. This increase in medical services has thrown light on a very important aspect – the medical coding and billing process. […]
In today’s times medical billing software is an important part of every medical practice because they help control the cash flow, which is the lifeline of the practice. A good medical billing software helps to streamline claims submission, provides good reporting modules to manage the cash flow and in turn speed up the payment time. […]
Miscommunication between the healthcare providers and coding professionals is one of the major reasons behind improper medical billing. The billing system in US has turned complex due to its Affordable Care Act (ACA). With more Americans heading towards insurance coverage in 2014, the possibility of errors has increased. Industry facts: As per an estimation by […]
Despite how you feel about the ICD-10 delay, make it work for you, not against you. The ICD-10 compliance date has been extended to October 2015 and while some doctors are disheartened by the delay others are happy. This extension will help practices to prepare better for the implementation of the additional codes ready to […]
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