Are Physician Practices in For a Spell of Revenue Loss During ICD-10 Transition?

“And when clinical and operational efficiency suffers on account of whatsoever reason, it gets reflected in terms of dwindling revenues. As if this cause and relationship is not enough, physician practices will have to contend with direct expenditure associated with sourcing learning materials. The combined effect of these two factors would doubly affect their revenues […]

Countering the Phenomenon of Physician Shortage: Medical Reimbursements

“Consequently, physician reimbursements would largely depend on their ability to seamlessly process medical claims with either Medicare or private insurance carriers. But, with the reimbursement environment promising to be more vigilant and stringent than ever, physicians would find their medical billing competencies invariably short of the requisite persistence.” Physician shortage has been one of the […]

Job Outlook for Medical Billers & Coders Looking Optimistic in Idaho, Florida & other US states

Various factors playing a role in altering the salary of a medical biller and coder including work experience, geographic location and type of employer, the job outlook for medical billers and coders in Idaho is very optimistic according to the United States Bureau of Labor Statistics (BLS), mainly due to the growing healthcare trend in […]

Physician Billing Facing the Biggest Financial Challenges in a Changing Industry

Some populist policies of the Obama government related to healthcare have left hospitals in all the states of the US to deal with more of what they should be doing less, preparing insurance claims and realizing payments. In fact, a survey by Thomson Reuters, in 2011, mentions hospital CEOs saying that reimbursement cuts and new […]

Seeking Possible Solution to Intensifying Medical Billing Documentation

“Beset with spiraling Medicare expenditure amidst a rather volatile economy, the Federal Government policy of linking physician reimbursement to quality outcomes will not only test physicians’ level of quality medical care but also how they are going to document patient encounters. Therefore, physicians, required to furnish evidence-based healthcare documenting & reporting, will find it hard […]

Medical Billing Professional’s Career Prospects Brighten

Growth in Employment of medical record and health information technicians is expected to accelerate much faster than the average field according to the United States Bureau of Labor. The Bureau of Labor Statistics reported health information technicians are one of the 10 fastest-growing allied health occupations, being a challenging interesting career where you are compensated […]

Mastering the Reimbursement Battle Against Payers

Physicians are likely to face another cut in Medicare reimbursements of 27% in 2012, in a scenario where doctors state that insurers regularly underpay or flat out deny, as a matter of course, legitimate health insurance claims worth billions of dollars each year. According to American Association for Justice (AAJ) the US insurance industry is […]

Is Outsourcing Medical Billing Services More Viable than In-house Practices?

“Although, in-house medical billing, owing to its proximity to the physician’s supervision, can work relate itself better than the outsourced solutions, yet, it is beset with inherent adequacies” Outsourcing medical billing services are composed of experts who have the time to carefully process your billing accurately. Although physician’s practices have equally been divided between in-house […]

Medicare learning network Updates Medicare Claim Submission Guidelines

Center of Medicare and Medicaid services has released fact sheet on Medicare claim submission guidelines. The fact sheet offers billers, coders and physicians up-to-date guidance on how to file Medicare Claims. Following are some important points mentioned in the fact sheet: Timely filling of claim is one of the important guidelines mentioned in the fact […]

Impact ICD 10: Improving Patient Care and Enhancing ROI

ICD 10: Improving patient care and enhancing ROI The transition from ICD 9 to ICD 10 codes is the core of the health reforms and marks an era where Health Information Technology is at its zenith in the United States. The conversion from Health Insurance Portability and Accountability Act (HIPAA) Accredited Standards Committee (ASC) X12 […]

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