Your Account Receivable (AR) is the heart of your practice pumping the necessary life into your practice. The volume of AR and its age could be telling a lot about your practice. An analysis of your Account Receivable (AR) could be the next step towards your future growth- the introspect is one factor you need […]
Are there predictable and constant errors with your medical practice accounts receivable administration services that are confining your facilities income? If yes, then there’s no need to feel left out, as more than 40% active practitioners and their facilities in the United States are facing the same issues, which is directly plaguing their revenue collection. […]
The medical staff consists of doctors to nurses and they are currently on a small raft which just holding all of them over water and any storm could destroy it. The reason for such a grim situation is the high rate of deductibles. As a physician I learned this hard way- initially, we had a […]
As reforms continue to alter in the healthcare industry, it is affecting practitioners/hospitals, insurance providers and patients. Deductibles are increasing and the payments are increasingly becoming the patient’s own responsibility. Therefore, patients are becoming more involved and active regarding their insurance plans and payments which can at times be overwhelming for the practitioners to collect […]
Health systems and hospitals across the nation are faced with different revenue management challenges, some of which are caused by the rise in the transition to the value-based payment alternatives, consumerism, and high deductible health coverage plans. Off late, it has pushed patients to become more involved in healthcare decision making. Better transparency into costs […]
ASC stands for Ambulatory Surgery Centers or Outpatient Surgical Center that is a healthcare facility where patients need not be admitted. The patient is simply taken in, treatment is provided and after-care procedures are levied; after which he can leave. ASC is perfect for minor injuries or treatments and is cost-effective, safe, and easy and […]
Many practices are attempting to accomplish more within less income. This is mainly due to the changes in the Affordable Care Act, altercations in the reimbursement models, and an expansion in consumerism in the healthcare industry. Indeed, Forbes recently highlighted that the normal provider across all medical specialties is witnessing their top-line income drop by […]
Orthopedic practices thrive on efficient billing practices that help in streamlining revenue cycle management by cutting out delays and minimizing stress on cash flows. Here is a list of things you need to handle as efficiently as possible to avert claim denial at your orthopedic specialty clinic: Insurance Cover Verification Insurance cover verification is an […]
Offering enhanced billing and coding practices ASCs improve consumer loyalty, however, it additionally expands profits and diminishes losses. A standout amongst the best ASC best practices for guaranteeing better practices is to contract specialists in both billing and coding. If you feel that the in-house accounts department is not up to the mark outsourcing to […]
Getting your claims reimbursed through offshore medical billing and coding agencies is not a new phenomenon that has hit the healthcare service industry just now. It has been into operations since the change of century (2000-2001) and has gained a stronghold in almost all the major hospitals and physician facilities. So, when we talk about […]
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