Medical billing helps reduce claim denials thus minimising losses that arise due to late payments and manual errors. Since medical billing is a complex procedure; adhering to stringent rules and procedures and also keeping up to date with the current regulations is mandatory. It also means educating your staff and keeping check of the ongoing […]
There’s a joke “The best day in chiropractors life is the day when she gets a computer, and the next best day is when she gets rid of it”. This joke surely gives a glimpse of the increased administrative work involved in the chiropractor’s work routine. Chiropractors need to focus on patient care rather than […]
Our world is now striving for Jobs! Yes, thousands of graduates are getting into the career field every year but only a few of them are able to get a good job in order to move their life forward. But the real problem is the inability to find out the real sections, which contain notable […]
The Physician Fee Schedule contains valuable information regarding reimbursement and coding for Medicare patients. The Schedule was implemented in January 1992 before which service charges revolved around reasonable and prevailing charges. After the implementation of the schedule, the basis of charging for the services has shifted towards the resource costs that are incurred in providing […]
Billing and coding have become two very necessary processes for the revenue generation of physicians in America. Physicians and medical practices, thanks to the incredible amount of work pressure, have no time to undertake the billing and coding processes on their own. In such a situation, professional billing and coding companies are hired to do […]
It must not have come as a surprise to professional billers and coders that the complexities around OBGYN are beginning to take a toll on OBGYN care providers’ finances. Understanding the complexities of OBGYN, any expert will admit, is not easy as there are various rules as well as exceptions together with multiple codes for […]
The American healthcare sector is slowly and steadily welcoming value based care. It stresses on the importance of providing the best quality services to patients but at limited costs. However, this shift to value based care is not going to be very easy. Several obstacles stand in front of it as of now. From the […]
From a long period of time, the healthcare industry has followed the traditional model of payment for claims settlement – fee-for-service model – where specified amount has to be paid for the healthcare service. Recently, the health insurance companies are adopting to new payment models, and they have actively begun considering and testing the new […]
An ACO (Accountable Care Organization) is formed by a group of healthcare providers in coordination to provide treatment and care for a certain group of patients. The main aim of an ACO is to maximize quality and simultaneously reduce costs for Medicare patients, in keeping with the numerous medical reforms that are set to sweep […]
The transition to newer payment models is a key issue in the healthcare industry. These reforms are focusing on increasing value, by offering high quality at low costs. We will take a look at few payment models, and then analyze the multiple challenges that the healthcare sector will face during the transition to value based […]
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