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 […]
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 […]
Healthcare industry is experiencing an incessant increase in demand for primary care and specialty care. With more number of people getting coverage under Medicare and Medicaid, medical practitioners will have to juggle a lot of responsibilities for maintain healthy practices. In addition to ensuring quality patient care, medical practitioners spend a lot of time and […]
Affordable Care Act is the upcoming revolution, expected to change the face of the healthcare industry in the years to come. It will not only extend quality care to patients but also improve the way medical services are administered by healthcare practitioners on the whole. Financial advantages of the ACA are hard to ignore and […]
Efficient medical billing practices can strengthen the financial backbone of a family practice and allow family practitioners to focus on the service aspect of their practice. However, in a constantly evolving healthcare industry the need to Update Medical Billing at regular intervals becomes absolutely indispensable. It goes without saying that the year 2013 will see […]
The Affordable Care Act has left the healthcare providers in the US worried. A survey conducted sometime back reported that 55% of hospitals expect a dip in their revenue while only 28% think that there would be an increase in revenue. But the survey also revealed that a considerable number of those who are informed […]
With many of the healthcare reforms set to take effect shortly or having already been in force, providers may have entered a different phase of operational model, which is called value-based model. The unique feature of value-based model is that providers will get reimbursed for delivering superior medical care at a progressively lesser cost. As […]
Physicians’ choice of health plans and contracts seem to be getting fewer and fewer with each passing moment as U.S. health insurance sector, particularly the private sector, witnesses unprecedented payer consolidation, acquisitions, and mergers amongst private health insurance carriers. Besides contradicting the hope that such consolidation, acquisitions, and mergers would bring down the cost premiums […]
Medical practices and hospitals are required to deal with the challenging task of getting their due payments. The rules and procedures governing the payments have become increasingly complex and confusing, resulting in greater denials, lost claims or underpayments. Manual processes human errors and claims submission can be time consuming and slow down the claim process. […]
The fact that inpatient medical coding deals with patients after they are discharged from health centers makes it widely different and much more complicated than outpatient billing and coding. Inpatient billing and coding has to account for the entire set of eventualities stemming from a patient’s stay in a medical facility, almost requiring a coder […]
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