Medical Billing needs to be effectively managed and holds the most critical part of provider reimbursement for the service. The need for an ultimate team of a revenue manager is important – whether you go in for an in-house team of billers/coders or outsource team of billers/coder is one important factor for the providers. Before […]
For managing finances, computation of values or formula is used in the United States Medicare for reimbursement of independent physicians. Known as Relative Value Units (RVUs), it was devised in 1988 to calculate the work rendered by physicians for treating patients. It differs chiefly from physician to physician in terms of services rendered; for e.g. […]
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 […]
For you to improve the accounts receivable (AR) of your practice there are many different factors that come into consideration. Your quality of patient care is one such important factor that will contribute to attracting more patients. To improve the patient care for your practice things need to be systemized; we have to sync the […]
Accounts Receivable (AR) is one step that divides the reimbursement and claims; the older the claim gets, the harder it becomes for claims to get reimbursed. For practice when AR slips below a certain level you either have a pretty large backlog to be sorted out, or you can see that it becomes impossible to […]
Indicating a departure from the volume-based, fee-for-service model, MACRA now replaces the SGR – sustainable-growth-rate-formula to control Medicare costs. The MACRA rule is all about linking Medicare reimbursements to the quality metrics with the medical billers which will be now rewarded for offering value-based quality services. MACRA revokes the set payment rates based on economic […]
Per capita spending on prescription drugs in America is far more when compared to other countries of the world. Thus, Pharmaceuticals spending shares a significant and still growing share in the country’s healthcare expenditure. This constant surge in drug spending can be blamed on costly drugs that emerge from the labs and also because of […]
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 […]
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