There was a certain cheer in the air from Urologists and other Medicare providers when the Medicare Access and CHIP Reauthorization Act (MACRA) was passed and signed. This ended the terrain of the sustainable growth rate (SGR) payment formula. However, what persists today in the world of healthcare is confusion and uncertainty. The Quality Payment […]
In the real world, dealing with medical documentation is complete nightmarish and OB/GYN documentation is no different. Why? The inaccurate, incomplete documentation process is leading to several hiccups in insurance claims reimbursements ob-gyn billing. Discharge summaries and other important information are often not available at the time of coding. Such misleading and incomplete information results […]
Telemedicine is a significant technological and business trend that is influencing medical practice marketing, patient engagement, and revenue. Advances in telemedicine technology have reduced operating costs with substantial savings for all types of organizations that utilize medical professionals in some capacity. As a medical professional, how can you benefit from the increased usage of telemedicine […]
The term ‘Healthcare Rationing by Hassle’ as touted by some surgeons showcases the stress caused by numerous changes in the healthcare industry. Orthopedics practice like all others feels the pressure of high costs, new ICD-10 code concerns, low and delayed reimbursements, declining margins, high deductibles, insurance/payer policy amendments, regulations, and other reforms. To combat this […]
Success at onboarding your billing staff is crucial for all billing practices including cardiology. When it comes to making new recruitments at your cardiology billing practice the way you bring your new hires onboard has a significant impact on the entire medical billing procedure followed at your clinic and the resultant revenues. The new staff […]
Now that more and more medical practices are transiting towards electronic medical records, it’s important to know that not all medical practice software available will equally perform. To have a high-quality electronic medical practice management is your first step towards patient care, however; having top-notch medical practice software is not enough. To thrive in your […]
As a healthcare provider, your primary concern is with your patients. For you to provide better financial wellbeing your practice enables the highest quality of service. Unless your practice gets the permitted level of return for this you need to provide the best of patient care. To make your practice ready for the best of […]
Let’s start with a simple question, Why do you need to Outsource Medical Billing? Take a minute to think about it. If any of the below answers appeal then this blog will help you to implement this strategy into your practice. Increase Collection for your practice. Your In-house billing was incompetent. For physicians and healthcare managers the […]
Outsourcing Medical Billing has been the word around whether you look through any sector. From common cars to the toothpaste you are using now not a single company makes the whole product; there is a group of companies involved in making the product a reality. One reason that has helped the companies approach Outsourcing Medical […]
Healthcare organizations are seeking improved Revenue Cycle Management (RCM) process to promote robust revenue growth. The main performance parameter to understand the depth of your revenue cycle management (RCM) is to sync medical billing with patient care. Before the providers start syncing the patient care with RCM they need to identify the key performance parameters […]
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