Challenges of Claims Denials Claims denials are a major challenge for healthcare providers in the United States. According to the Medical Group Management Association (MGMA), the average claim denial rate in 2023 is 7.5%. This means that for every $100 in claims submitted, healthcare providers are losing an average of $7.50 to denials. But why […]
Tackling the Challenges of Claims Denials: Insights for Healthcare Providers
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Cardiology Billing Success Stories: Real-world Examples of Revenue Growth
About Medical Billers and Coders (MBC) Medical Billers and Coders (MBC) is the leading provider of cardiology billing services, offering a comprehensive solution tailored to the unique needs of cardiology practices across the United States. With a team of experienced billing experts and a deep understanding of the intricacies of cardiology billing, MBC has consistently […]
Driving Financial Success: Role of Technology in Modern RCM
Medical billing companies are the unsung heroes of the healthcare industry, ensuring that healthcare providers receive proper compensation for their services. In recent years, the integration of technology into Revenue Cycle Management (RCM) processes has revolutionized the way medical billing is handled, driving the financial success of healthcare practices. This article explores the crucial role […]
Trends in Otolaryngology Billing: Leveraging Innovation for Efficiency
Otolaryngologists are increasingly adopting innovative technologies and strategies to streamline their billing processes and improve efficiency. This article will explore some of the key trends in otolaryngology billing and tells how Medical Billers and Coders (MBC) help otolaryngology practices in leveraging innovation for efficiency. Key Trends in Otolaryngology Billing Rise of Telemedicine: Telemedicine is rapidly […]
Wound Care Traveling Companies – Active Outsourced Billing Companies Preferred
Projected Growth of Wound Care Industry In the fast-evolving landscape of healthcare, the wound care industry has been witnessing remarkable growth. As per a report by Grand View Research, the global wound care market is projected to reach a staggering $100.8 billion by 2028. This remarkable surge can be attributed to several factors, including the […]
Claim Scrubbing in Medical Billing: Streamlining Accuracy and Efficiency
The medical billing process plays a crucial role in the healthcare industry, ensuring that healthcare providers receive proper reimbursement for the services they provide. However, the complex nature of medical billing can lead to errors, delays, and financial losses. To mitigate these challenges, healthcare organizations employ a vital process called claim scrubbing. In this article, […]
Streamline Your Emergency Physicians Billing Services in Oklahoma City with Medical Billers and Coders (MBC)
Efficient and accurate billing services are vital for emergency physicians in Oklahoma City to navigate the complexities of medical reimbursement while focusing on providing critical care to patients. With the ever-evolving healthcare landscape and the need for comprehensive coding and documentation, medical practices require specialized solutions to streamline their billing processes. This is where professional […]
Understanding Write-Offs in Medical Billing: Maximizing Revenue Efficiency
In the complex world of medical billing, understanding the various components is crucial for healthcare providers to effectively manage their finances. One such component is the “write-off,” which plays a significant role in determining the amount a healthcare provider is reimbursed for services rendered. In this article, we will explore what are write-offs in medical […]
Understanding EDI in Medical Billing
EDI in medical billing helps doctor’s offices, hospitals, labs, pharmacies, and other healthcare facilities to communicate with each other. In today’s world of electronic claim submission, electronic data interchange (EDI) has become an essential component of medical billing processes. EDI enables healthcare providers and insurance companies to exchange crucial billing information efficiently and securely. This […]
Pre-Authorization in Medical Billing: Streamlining RCM Processes
In the complex landscape of medical billing, pre-authorization plays a crucial role in ensuring effective communication between healthcare providers, insurance companies, and patients. Pre-authorization serves as a mechanism to validate and approve medical procedures, treatments, and services before they are performed or availed. This article explores the concept of pre-authorization in medical billing, its types, […]