Efficient patient flow is extremely important if medical practices want to achieve timely patient care and high levels of patient satisfaction. Long waiting time is the biggest complain patients have and if this problem is not solved; your practice might start losing revenue due to poor productivity, lost referrals, lost patients and employee turnover that […]
The deadline to implement ICD-10 is approaching and it has become extremely important for practices to make necessary preparations. Transition to the new coding system will require significant changes in all aspects of medical reimbursement including providers, payers, vendors, billers and so on. If there is lack of preparation it will lead to disruption in […]
Due to variations in health plans, physician performance and rise in healthcare costs, a significant number of practices in the US are implementing pay-for-performance incentive program. P4P started in the private sector but due to growing popularity it crossed over to the public sector as well. Browse All: Medical Billing Services As a tool to […]
Is your medical practice facing EHR up-coding errors? There are several benefits associated with the implementation of an EHR. It has proved extremely beneficial for healthcare providers in reducing medical errors and simplifying complexities of documentation during the billing procedure. But at the same time, EHR implementation has also made way for errors that wouldn’t […]
Patient appointment scheduling is extremely important for running a successful medical practice. However, due to heavy patient inflow and healthcare reform pressures, it has turned into a challenging task for providers. Is your patient scheduling system in place? Arrival of unscheduled patients can increase the stress of daily office tasks, creating more room for errors […]
Planning to take a vacation? You can certainly bring a temporary physician to cover for you while you are on a holiday but what about reimbursements? Regardless of your plans, if your staffing and reimbursement strategies are not in place, you might miss out on revenue for every day that you are not present at […]
Idea of paying medical providers for their performance has found many backers in the US. According to the supporters, pay-for-performance will remove bad incentives from the current system and stop doctors from performing unnecessary tests and hospitalization of patients. This payment system rewards hospitals, doctors and other healthcare providers for attaining the targeted service goals. […]
Much of the value delivered by healthcare today is dependent on record keeping. With complex procedures evolving both for providing care and billing for services offered, medical practices are relying heavily on daily, weekly and monthly medical review reports. Most medical practices derive value from their medical practitioners providing care to patients. But at the […]
Medical billing forms the backbone of healthcare revenue and profitability and is as crucial a process for care providers as are medical procedures. With government regulations becoming increasingly stringent and complicated coding and billing guidelines getting introduced every year, medical practitioners are facing dwindling revenues despite heavy inflow of patients. Clearly, the gap in service […]
Merely complying with ICD-10 mandate can prove risky for the financial health of your practice. If you fail to train physicians for ICD-10 documentation, coding will become difficult and it will lead to under-billing and underpayment. Even if you maintain documentation specificity, failing to follow-up with payers and complying with HIPAA-5010 will put your finances […]
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