Reaping Benefits of Pay-for-Performance through Outsourced Billing and Coding Services

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. […]

Streamlining Medical Billing Process of Your Practice with Monthly Reporting and Review

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 […]

Checking Patient Eligibility While Medical Billing to Ensure Future Payments

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 […]

Survive ICD-10 Conversion Risks with Specialized Billing Services

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 […]

Outsourcing vs. In-House Medical Billing and Coding Process

The need for outsourcing medical billing operations differs from practice to practice. If you feel that the desired financial results are not being achieved by your practice, you need to assess the problems areas and determine if outsourcing or improving in-house billing and coding process will get you back on track. Providers need to understand […]

Reduce Your Practice Operating Expenses with Specialized Medical Billing Services in New York

This is forcing physicians to tighten their operating expenses by making some significant changes at their practice. Since physicians can exercise direct control over operating costs than revenue, it becomes easier for them to ensure savings. By cutting costs, your practice will have enough money for retaining skilled staff and for enhancing patient care. Browse […]

Surviving Technical Challenges of ICD-10 with a Medical Billing Partner

ICD-10 implementation will be having an impact on the IT infrastructure of medical practices. Physicians will have to assess whether or not the new, ICD-10 ready EHR and practice management software versions will run on their existing hardware. For instance, ICD-10 ready software might no longer run on old systems and Windows XP. With less […]

Medical Collections A Booming Process Due To Patient Payment Lapses

Providers are recommended to write-off small balances as losses rather than investing time and money in retrieving the amount; however, patient payment lapses should not be a common occurrence for medical practices. If you want to get your account receivable in order, it has become important to collect existing balances. This has led to a […]

How Specialized Billing Service can help you in Transition to ICD-10

Transition to ICD-10 will be a lengthy and complex task for providers who are not prepared to meet the challenges. Switching to a new coding system will not only affect different departments within a practice but investment of time and money will also be required for personnel training and system testing before October 2014. Challenges […]

Why Small Practice’s billing is More Vulnerable to ICD-10?

Small medical practices will be facing tremendous pressure once ICD-10 is implemented. Due to lack of sufficient budget and skilled billers and coders, diffusing the burden of a new coding system will certainly make things difficult for them. Why small practices will be worst hit? It is being anticipated that the transition to ICD-10 will […]

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