Lessons learnt in Medical Billing from 2015 to Improve on in 2016

Health providers have not always been meticulous when it comes to patients billing, and have suffered reimbursement setbacks. Added to this, were wrongly coded claims, no timely follow-ups with denial claims and A/R billing. However, with the changing healthcare reforms, CMS rules and regulations, and the ACA act, popularly known as the Obamacare Act, physicians […]

Heal your Practices by Reducing Denials

Doctors, whose raison d’etre is to heal, actually end up focusing on loopholes in their billing process than focusing on tending the patients. Healing their patients and working towards healing the shortcomings of their billing process, resulting into denials is more of a balancing act. Most often there is a question as to why bills […]

Are appropriate Patient Collections being affected by High Deductibles?

It has been observed, that since 2008 and after the Affordable Care Act (ACA) has come into being, there has been a major doubling of patients with high deductibles plans. People often have picked a high deductible plan because it has a lower premium and out-of-pocket expenses are lower and can fit into their budget. […]

5 ways to Enhance Patient Payment Collection

With an increase in high-deductible plans, soaring medical bills, new rules, and increasing patient responsibility, patients are usually not ready to pay high bills. Nevertheless, a few below-mentioned strategies can gauge and boost the ‘Patient Payment Collection’ process. Patient Payment Collection process: Payment type: To provide maximum flexibility, make all types of payments available at […]

How can Physicians Rid themselves of the Financial Bindings?

The changing healthcare reforms have not only brought major upheaval in the medical financial area but also has caused some changes in the way physicians work too. Long clinic hours, trying to pay off education loans, home mortgages, car loans, vacation loans, tend to make most physicians a bit uptight and pushy, and often brusque […]

Ways in which Effective Practice Management can Indirectly Improve your Reimbursement

Since the Affordable Care Act has been effective, Jan 1, 2015, physician’s payments have been tied to providing higher-value care. Further, practices that cannot attest to meaningful use can face heavy penalties. So how does all this tie with effective practice management? What is involved in practice management? Will technology alone help boost efficiency? In […]

Are Physicians working Hard for Lesser Revenue?

Healthcare is an evolving industry and the tribulations faced in this volatile industry are immense. There are new diseases being discovered which have to be diagnosed and battled. With technological advancements, it is observed that physicians are spending less time with patients and more on the billing aspect. Hospitals are not paying as high as […]

Doctors as Financial Experts!

Healthcare industry is one of the fastest growing industries in the world, with advanced technology and scientific progress taking place all over the world. It is hence so pertinent that the doctors do what they are best at. However, these physicians are bogged down with a lot other work like documentation, record keeping, insurance follow ups […]

Are you Happy with the Cash Flow?

Is your skillset translating into equivalent cash flow? Are you happy with the amount of money you’re making out your practice? Indeed, a question worth pondering over when everything seems alright on the face, but end results differ drastically. Despite your best efforts, customers are paying outside terms. You have limited account receivable details and […]

Can Cost Management Help to Improve your Revenue Cycle Actively?

As an aftermath of the drastic regulatory changes the healthcare industry has undergone in the past couple of years, a large number of physicians and healthcare providers are still trying to find ways to improve their revenue model. Having seen steep downward slopes in their annual revenue lately, many practitioners have been driven into desperation […]

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Revenue Cycle Management (RCM)