Developed and developing economies are expected to see health care spending increase ranging from 2.4 percent to 7.5 percent between the years 2015 and 2020 according to the report by Deloitte. The Healthcare industry is projected to take a multi-million dollar leap by 2022; Are the existing resources in the industry enough to meet the […]
The first known malware extortion attack happened under the name “AIDS Trojan” which was written by Joseph Popp in the year 1989. The malware was pretty much ineffective due to design problems. Encrypted ransomware returned in the year 2013 when a crypto locker used the digital currency Bitcoin to extort money from the infected users. […]
The urology specialty is going under a colossal technology change with the induction of robotic functionalities in surgeries to reduce the number of insertions and blood loss. Now with the advancement in the surgery methodology the need for physicians to understand the urology surgical market is imperative. The info-graphics below offers the recent development of […]
Denied insurance claims—the healthcare revenue negating claims. The common occurrence of such denials is too unfortunate for the current scenario of the healthcare and medical billing service. According to medical insurance experts “In most of the cases, the claims get denied due to the fact that there are simple errors in the coding process, while […]
New Taxation law from the new government looking to solve health care myth–A Looming Change for the healthcare industry. U.S. healthcare is going under constant change with regulations and different insurance laws. The different demographics and federal laws have added to the constraints. Still, the hospitals have done well financially in 2016 despite shifting the […]
Ambulatory surgery centers –ASCs are the health care facilities that offer patients the convenience of having surgeries and procedures performed safely outside the hospital setting. Since their inception which is more than 4 decades, ASCs have revealed a brilliant ability to improve quality and customer service while simultaneously reducing costs. At a time when most […]
Wound care physicians are frequently astonished at “How tons of documentation in a patient’s healthcare record can result in a precarious situation?” Documentation issues related to wound care billing procedures are many; however, jotting down the right codes with eligible codes should be the priority. However, physicians and facilities need to be aware of the […]
Healthcare Common Procedure Coding System (HCPCS) is based on Current Procedural Terminology (CPT) developed by Center of Medicare and Medicaid (CMS). Till 1996, HCPCS was optional but after the passage of Health Information Portability and Accountability Act (HIPAA), the government had made the use of HCPCS mandatory in certain cases. The HCPCS has divided the […]
ASC medical billing widely known as Ambulatory Surgery Centre is different from the rest of the billing process. Before you go forward, it’s important to know what ASC is all about. Ambulatory Surgery Centre is a facility which simply specializes in outpatient procedures which may include procedures like surgeries, pain management, or diagnosing procedure like […]
Today’s ambiguous economic conditions are presenting healthcare practices across the US with a whole host of challenges. These include complex patient procedures, increased competition, the pressures from altering regulations, and declining reimbursements, all of which negatively affects your bottom line. This prompts you to find ways to cut costs and improve efficiency, and what better […]
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