accounts receivable management Archives

Understanding Financial Markers for Successful Wound Care Billing

Wound care billing is a critical aspect of the healthcare industry that requires meticulous attention to detail and compliance with complex regulations. Healthcare providers who specialize in wound care need to manage their billing processes effectively to ensure they receive proper compensation for their services. To gauge the effectiveness of their billing practices, providers can look […]

What Makes MBC a Reliable Hospital Billing Company?

As the healthcare industry continues to evolve, hospital billing has become increasingly complex. Hospitals are facing greater financial pressure due to declining reimbursements and increased regulatory scrutiny. Managing the revenue cycle has become a critical part of hospital operations, and finding a reliable hospital billing company is crucial to achieving financial stability. This is where […]

If You Can Fill and Track These Reports, Your Practice Will Never Face Losses

Creating medical billing reports can help you diagnose the health of your practice. Reports can show you how your practice is performing on important revenue cycle metrics, whether claims are being paid in a timely fashion and how well insurance carriers are paying you for key procedures, among other things. These reports will provide you […]

Minimize Your Losses in Medical Practice by Focusing on AR Bucket

Accounts receivable or AR is a term used to denote money owed to your practice for services you have rendered and billed. Any payments due from patients, payers, or other guarantors are considered AR. An increase in AR from one period to another is often a sign that monies such as copays, deductibles are not […]

Accounts Receivable: How to Read a Complicated AR Report Very Easily?

Medical billing reports are a key barometer for understanding what’s going on in your medical practice. Without good reporting, it’s difficult to determine whether your practice is making money or not. Monthly reports can show you how your medical practice is performing on important revenue cycle metrics, whether claims are being paid in a timely […]

How to Increase Patient Collection Percentage for Your Facility?

When outstanding patient balances grow out of control, your practice may feel there’s no option but to place them in the hands of a collection agency. Putting debt professionals in charge is the best way to get your payment… right? Not always. Physicians and practice managers often resort too quickly to the services of a […]

How You Can Contribute To Claim Denial Management Process?

Denials tend to evoke frustration and a loss of motivation to work. Hence it is essential that strategies are designed to manage the denial management process effectively and use it to improve the revenues of medical practice. The claim denial management process is one of the most vital aspects of a revenue cycle management process. […]

How Streamlined Medical Billing Helps Deal with Pay-for-Performance Challenges

Due to variations in health plans, physician performance and rise in healthcare costs, a significant number of practices in the US are implementing pay-for-performance incentive program. P4P started in the private sector but due to growing popularity it crossed over to the public sector as well. Browse All: Medical Billing Services As a tool to […]

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