What are the New Job Requirements for Medical Billing Specialists?

Medical Billing specialists play a vital part in preventing the US healthcare administrative system from falling apart. Their astuteness in creating detailed billing records and efficiently coded invoices ensure that the business side of healthcare does not hamper the medical attention that patients need. The contribution of these specialists goes a long way in helping […]

How Medical Coding Mistakes Affect your Revenue?

Medical coding errors lead to denied or delayed payments. Practices also lose significant time in tracking the source of the mistake. Since practices generate majority of their revenue through submission of CPT and ICD-9 codes to third party payers, physicians cannot afford to miss revenue opportunities due to coding errors.

5 Tech Trends for Successful Cardiology Practice

Payment cuts, ICD-10 preparation, rising healthcare costs, and increasing administrative challenges are some of the industry pressures that have caused hindrance to the success of all medical specialties in the US, including cardiology. Mentioned below are the top five technology trends that can help cardiology practice sail through RCM challenges and remain profitable. Implementing these […]

5 Tips to Increase Revenue of Cardiology Practices

For the last few years, cardiology practices have experienced increasing administrative and overhead costs which have led to a substantial decrease in payment reimbursements for cardiologists. In recent times, cardiology practices have increased in size due to the evolving nature of this stream and the emergence of different ailments and their remedies. This has caused […]

What do Physicians Prefer to Join – Hospitals or Group of Clinics?

There are several factors that determine whether a physician should run a private practice, get employment with a hospital or work in a group practice. Physician employment is increasing at a rapid pace; however, majority of physicians continue running a private practice in the US. According to a report by AMA, approximately 60% physicians worked […]

How many Insurance Carriers should Physicians Ideally Enroll with?

Physicians and insurance carriers complement each other. One can have a large influence on the other. In fact, it would not be incorrect to state that one can make or break the other’s potential client base. However, providers and payers usually follow the “you scratch my back and I scratch yours” policy. They know that […]

Solution for Chiropractic Practices: Small Changes Big Results

There is a never-ending list of challenges that chiropractors have to face in order to run a profitable business. The interest rate for capital has increased, the insurance reimbursement is shrinking and competition is on rise due to which it has become difficult for chiropractors to run a private practice. Irrespective of the challenges, there […]

Why are Lesser Physicians Opting to Open an Individual Clinic?

It has been observed that a large number of physicians in the US are losing control over their professional lives. Increasing workload, payment cuts and rising costs of running a private practice are making them feel stressed and frustrated. Young Physicians Opting for Financial Stability There has been an increase in the number of young […]

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