The recent extrapolation by the economists in the Office of the Actuary at the Centers for Medicare and Medicaid Services (CMS) – which has projected all health care spending in the United States to be at an annual average rate of 5.8% for the period 2010 through 2020, and at 19.8 percent of GDP by […]
The reforms in the health care sector would essentially mean that physicians have to deliver quality service at lower costs. This is inevitable since doctors and hospitals can be penalized for negligence if they end up giving the wrong treatment due to increased work pressure and in order to meet the break-even point. As 45 […]
Accurate revenue cycle management means you get paid in a timely manner and that the accounts receivable balance is zero when the cycle is complete. However, this type of management could become cumbersome for physicians, as it is not their primary occupation, and the recent health care reforms would mean more patients and greater work […]
The recent healthcare reforms proposed by the white house may affect the revenue as well as the quality of the service provided by physicians in the United States. According to a recent survey by Thomson Reuters, almost two-third of doctors in the US fear that health care reforms proposed by Mr. Obama might flood their […]
Nowadays, with the increase in demand for medical billing services many people are entering the medical billing and coding business to offer their services and seek a rewarding career in healthcare. But not every biller is right for your practice, the job of finding the right medical biller for practices can be a difficult task […]
You may think that hiring the services of a medical billing specialist will be like adding extra costs to your practice. But actually, hiring the services of a medical billing specialist can be considered as one of the smartest moves on your part in terms of expanding your business. Think about the ways you can […]
Since the past few years, medical practices have seen stagnancy or declining medical reimbursements especially with the continuous rise in practice costs. Most practices are unable to understand the core reasons for dipping revenues and increasing denials. Expert billers and Coders have recently come together to find out the top 10 blunders that physician offices […]
The debt ceiling on Federal Debt is a perennial topic for debate in the US healthcare scenario. The debt ceiling, or debt limit, is the cap on how much the U.S. Federal Government can borrow to fund its budgetary allocations, including critical healthcare expenditures such as Medicare Payments. Although there have been instances in the […]
One may ask why practices require medical billing specialists. A crucial reason is that hiring a medical biller or coder can reduce overhead costs, and it will definitely help the physician collect more revenue. Physicians across all states constantly face difficulties with insurance coding and payment reimbursement for their claims. For them, optimizing reimbursement is […]
Mental health services are very hard to access in rural areas and those suffering from mental illnesses have to encounter unavailability and isolation from mental health services. This is due to the fact that almost 75% of the total population in rural counties lacks a psychiatry specialist and almost 95% do not have access to […]
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