As a medical billing company when we talk with providers, we noticed, most of them are under a lot of pressure and feel burnout. This pressure is due to continuously changing payer policies and reimbursement guidelines; proper documentation; ever-increasing claim denials; increased accounts receivables; struggle to retain expert billing staff, and many other activities related […]
If you are a dental practitioner, with the ICD 10 implementation deadline nearing, you are worried not just about successfully transitioning to ICD 10 CM. But also whether you fully understand ICD 10, for example, do you understand its coding intricacies, is your dental practice geared to be on ICD without any operational or financial […]
Rising expenses amidst reimbursement cuts is one of the biggest challenges faced by orthopaedists in today’s time. It has not only affected the financial health of practices but it might also lead to restricted care for some patients in future. Billing issues: Decline in reimbursement has affected orthopaedic surgeons and healthcare providers across the US. […]
Accounts receivable is money owed to you by your patients which makes AR management extremely important for running a successful medical practice. If you are not managing accounts receivable in the right manner, the financial health of your practice will get affected. This is because revenue collected from your customers is not just required for […]
Is your AR exceeding 1.5 times your monthly charges? If yes, your practice needs to make significant changes to get account receivables back on track. Browse All: Medical Billing Services Practices first need to check their 0 to 30 days AR and find out what percentage this category consists of their total AR Next, they […]
Every year physicians in the U.S. lose thousands of dollars in the form bad debts. These so called bad debts are Account Receivables that have surpassed the admissible time limit or deemed impossible to be followed up. Once Account Receivables are allowed to languish for more than 120 days, it is difficult, if not impossible, […]
Notwithstanding the importance of flawless coding in maximizing healthcare insurance reimbursements from insurance carriers, it is the Account Receivable Management (A/R Management) that proves decisive in either making or breaking your chances of mitigating denial or delay of your medical bill claims. Most of the physicians, whose primary focus happens to be quality medical care […]