Revenue Cycle Management (RCM) is the core process of any healthcare practitioner providing medical healthcare services. Trying to focus on how to turn around your practice to help it make revenues is not an easy task. Although your patient is your first priority, coping with the changing rules & regulations can be a nightmare and […]
The Medical practice turf comprising of private practices, independent or groups has been on a gradual decline over the last 30 years. These developments throw light on the fact that physicians are moving away from private practices selling their practices to hospitals, medical centers, and multi-specialty hospital chains. In recent times, there has been a […]
The wholesome success of any medical institution is incomplete without a close analysis of its efficiency at Denial Management. The tedious procedure of Medical Billing requires an extensive organization-wide micro-managing of tasks that begins at the front desk and creep into the back end. Sometimes, an insurance company (payer) might refuse to honor the claims […]
Whether to outsource your medical billing or to do it in-house is a difficult decision many practitioners face. However, it should be as easy as performing your own surgery. Medical billing requires a high set of skills, and in recent years we have seen a steep increase in complexity. Due to the high deductible plans, […]
In our previous blogs, MBC has highlighted ways in which you can focus on the health of your patient and yet manage to deliver error-free claims and reduce your medical billing costs just by outsourcing your billing revenue cycle. The new rules and regulations introduced by the Accountability Care Act (ACA) have led to a […]
According to research sources, poor medical billing practices in the US alone are estimated to leave approximately $125 billion on the table each year! The reasons for this can be embedded in an inefficient Revenue Cycle Management (RCM) process, which begins right from the front desk verification of patient’s insurance documents, through the proper coding […]
More and more physicians are feeling the burden of both administrative and operational costs. One would wonder how this affects their medical billing and coding practice impacting their Revenue Cycle Management (RCM) system. With the rules and regulations that the Affordable Care Act (ACA) has brought in together with the constant rule changes that the […]
In our previous blog, we have read why it was critical to have an efficient claims processing system to help improve profitability for medical services rendered. To ensure that the cash inflow is seamless, an efficient and effective revenue cycle management (RCM) process is vital. Whether the medical practice is large or small, with the […]
According to research sources, poor medical billing practices in the US alone are estimated to leave approximately $125 billion on the table each year! The reasons for this can be embedded in an inefficient Revenue Cycle Management (RCM) process. An expert Medical Billing Company can help you in Error-Free Claims Processing and gain more profit and […]
The term ‘Accounts Receivable’, or A/R refers to the money owed by payers, patients, or other guarantors to the practice, for services rendered and billed to them. An increase in A/R typically signifies troubles on the cash flows of the practice. Benchmark the A/R objectives to ensure that money flows accurately and in a timely […]
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