The shortage of physicians in the United States has enhanced job opportunities for the remaining physicians who are being offered triple the amount of what they currently earn. A recent study revealed that half of the practicing physicians are being offered at least about three job solicitations in a week and recruitment is predicted to […]
The US health care system has undergone major reforms in the last few years. This includes adoption of new healthcare IT reforms such as EHR (Electronic Health Records) and EMR (Electronic Medical Records). It has also changed the way physicians are reimbursed. The cuts imposed on Medicare leaves doctors with reduced revenue resulting in negative […]
Healthcare is an evidently developing industry, compared to many other significant industries. As the requirement to meet the needs of the patients, aging population care, and medication safety is increasing, so is the relative importance of health care. The healthcare division is offering more jobs and according to industry statistics has contributed for more than […]
In various ways, OBGYN is a boon for pregnancy care – as it brings together gynecology and obstetrics which are closely connected and support each other. But the downside of this is that it also leads to diverse complexities, high costs and billing challenges for OB GYN practices causing their bottom line to shrink gradually. […]
Medical billing process is evolving with new healthcare reforms and value based payment models being introduced into the healthcare industry. It is being forecasted that in the next five years, more than half of health plans will be supported by value-based payment models out of which more than 60% are already mid-way through its implementation. […]
As you know, there are various life insurance services available in the world—however, some people are still confused about the significance of life insurance in their lives. In the UK, citizens know about its importance; in fact, two out of three people have life insurance coverage there, according to the Association of British Insurers Even […]
Number of claims denied in the healthcare industry is a mystery. Claims are getting denied due to various reasons, and moreover the graph is showing an upward movement. It has been observed that most denials are in excess of 20%. As per a recent survey in Georgia, the table below depicts percentage of denials by […]
Accurate coding is vital for all medical practices as it is the main source of reimbursement. It not only reduces claim denials and increases revenue; but also plays a significant role in insurance assessments. Coding is an irreversible process that decides whether or not your practice will get paid for the services offered. Error-free coding […]
OBGYN promises to be a holistic solution to the challenge of pregnancy bringing together obstetricians (specializing in pregnancy) and gynecologists (dealing with reproductive organs), thus ensuring a close coordination and synchrony between the two. But, thanks to this combination, some of the challenges OBGYN poses are unique. Pregnancy is fraught with unforeseeable eventualities and gynecology […]
Documentation takes up approximately one-third of a physician’s workday. With the implementation of healthcare reforms, HIPAA requirements and preparation for ICD-10, physicians are buried into piles of charts and billing forms, ending up with limited time for patient care. The next generation HIPAA transaction standards (5010) have increased documentation challenges for physicians. The HIPAA Security […]
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