Have you Planned your Financial Goals for your Practice in 2014? Ask your Billing Service for Help

The healthcare industry is going through a dynamic yet unstable time, forcing practices to recognize their ability to change and focus on strengthening their financial health. Medical practices need to set financial goals every year in order to stay focused and in business. If your practice is losing money, you won’t be able to survive […]

Will fee-for-Value Billing Model Lead to Employee Attrition in Healthcare?

Fee-for-Value or Pay-for-performance billing models are making waves in healthcare industry and care providers are finding it increasingly difficult to adapt to the changes brought on by them. Most importantly, this change in billing model is accentuating pressure on current workforce and healthcare attrition has seen an all-time high over the past few years. Why […]

Hire a Medical Billing Service- The Best Cost Cutting Strategy

If you are looking for an effective cost-cutting strategy, outsource your medical billing services to a billing partner. Since a separate, well-trained team will be taking care of your billing and insurance processing needs, your staff will get enough time to focus on patient care. How will outsourcing reduce expenses? Reduce infrastructure costs: Expenditure of […]

Payment Posting and Denial Tracking the Most Time Consuming Parts of the Medical Billing Process

Denial tracking and payment posting are time consuming yet fundamental features of the revenue cycle management (RCM). Successful implementation of these processes can have a major impact on efficiency, patient satisfaction and financial performance of your medical practice. Therefore, there is a strong need to automate and streamline the procedure of payment posting and denial […]

Improving Medical Billing and Coding Vital to Reduce Claim Denials

Claim denials are experienced by every medical practice; however, the percentage varies on the basis of how effectively medical billing tasks are handled. Providers can bring down denial rates below 5% if they invest time and money in improving their billing performance. It will not just improve their revenue cycle and increase their cash flow […]

How to Make Billing and Payments Efficient in your Gastroenterology Practice

Gastroenterology is a focused and specialized area of medical care that has been gaining prominence over the past few years. With unprecedented population growth and dramatic changes in lifestyle, Gastroenterology has seen a steady rise in patient inflow. In addition to that, groundbreaking advancements in medical equipments and techniques have broadened the scope of gastroenterology. […]

Improve Clinical Workflow and Increase Revenue with Specialized Billing Services

Healthcare reforms have not only increased workload but also forced physicians to concentrate on quality patient care. This leaves them with less or no time to handle the medical billing procedure. When compared to maintaining a regular in-house billing system, outsourcing is more beneficial in boosting efficiency and cash flow of medical practices. From increasing […]

How to Alter Your RCM Process to Adapt to ACO Requirements

An ACO (Accountable Care Organization) is formed by a group of healthcare providers in coordination to provide treatment and care for a certain group of patients. The main aim of an ACO is to maximize quality and simultaneously reduce costs for Medicare patients, in keeping with the numerous medical reforms that are set to sweep […]

Optimizing Practice Revenue with Specialized Medical Billing

The medical billing process requires constant updating and understanding of regulatory changes. If you are managing it alone you need to rethink, as without much government support chances are your revenue may suffer due to time constraints. Additionally your practice-staff needs to be well trained and equipped to be able to handle with ease all […]

How Can Outsourcing Medical Billing Functions Help Reduce Practice Costs And Increase Revenue?

Cash flow for a practice greatly depends on timely follow ups with insurance companies and reimbursements. Only when you manage medical billing and coding effectively, you will be able to handle your revenue cycle and account receivables. How much has changed due to healthcare reforms? Even though responsibilities and goals have remained same after implementation […]

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Revenue Cycle Management (RCM)