How to Improve Medical Practice Collection and Decrease Account Receivable Days?

Revenue cycle management is one of the key requirements for improving and properly managing the medical practice collection. Apart from adopting different ways to decrease the accounts receivables days and improving medical practice collection, creating medical billing reports and understanding the general rules pertaining to the process of billing and account receivables are also imperative. […]

3 Moral and Ethical Issues in Healthcare

Before we start discussing about morals and ethics in healthcare let us get a clear picture of what they actually mean. Even though people use the term morals and ethics interchangeably; both actually have separate meanings. Morals stem out from an individual’s cultural beliefs and teachings. Ethics on the other hand comes from the society […]

Are ICD-10 and EHR Integration Your Top Concerns?

According to a survey commissioned by Navicure and conducted by Porter Research in February 2015, 81% of respondents feel that they will be ready by October 1, 2015 (the newly scheduled date of ICD-10) to implement ICD-10. 59% of physicians are concerned about ICD-10 cash flow impact and revenue. With so much concern over ICD-10, […]

Outsource your Billing Services to Collect More & Less Stress

This is the age of convenience! With rapidly growing technology, things are now at our finger tips. And when it comes to healthcare, medical billing companies have emerged as a comprehensive, cost-effective and hassle free medium of getting your claims settled. Today, physicians are aware of the fact that to stay in the business, they […]

How to Start ICD-10 Training for Medical Practices?

With a few more months left for the ICD-10 transition, how prepared is your practice for the implementation? According to a survey conducted by Porter Research, approximately 67% respondents were sure that ICD-10 will be implemented on the scheduled date of 1 October 2015. In this blog, we will discuss about how to start ICD-10 […]

Why Should ASCs Focus on Measuring Revenue Cycle KPIs?

Care delivered by Ambulatory Surgical Centers (ASC) is more cost-effective compared to Hospital Outpatient Departments (HOPD) as it saves $2.6 billion a year for Medicare. However, the reimbursement rates for ASCs have been shrinking over the last decade, posing survival challenges for providers. On average, they are reimbursed 58% less compared to a hospital for […]

How Patient Centered Medical Homes are Transforming Primary Care?

Growing numbers of primary care practices in the US are realizing the importance of the Patient-Centered Medical Home (PCMH) model. It is helping them efficiently deliver the right amount of care to the right patient at the right time. Through this healthcare setting, primary care physicians have been able to codify and implement care coordination […]

Medical Billing Best Practice Checklist

Medical billing is one of the major aspects of medical practices and healthcare. Since it is a healthcare business, the businessmen should ideally not always focus on making unreasonable profits from the families of sick patients. The rates charged should be reasonable for all the services. But the challenge is the need to maintain […]

A Poor Medical Billing Process can Impact Patients

A poor medical billing process can impact the patient influx and the performance analysis of a medical practice. Medical billing involves a lot of intricacies making it a complex and time taking process. Inaccuracy and fallacies in the medical billing system can cause financial losses as well as loss of credibility for patients.

Why Would an Ohio Physician Choose to Outsource Oncology Billing?

Outsourcing has helped oncology practices in Ohio streamline their business functions, reduce billing errors and ensure timely payments. It has helped minimize the hands-on workload of oncologists, reducing billing challenges and generating more revenue. Medical billing is one of the most overwhelming problems for medical specialties including oncology. By seeking expert assistance from a third […]

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