Are my resources performing optimally and will they perform to reduce my overhead cost? These are a few questions asked by a urologist as they gear up for the next year. Most of the urologist is looking towards the high overhead cost of running an individual practice or few urologists asked us to do auditing […]
Health insurance plans and the new bundled payment systems for physical treatments including cardiovascular procedures shift from time to time. This scenario has presented hospitals and physicians to rethink their strategy when it comes to proving services to an individual with cardiology issues. The medical billers and coders who work on such claims need to […]
OB-GYN is one of the fast-growing practices and keeping up with it is a challenge. As per the recent report from Medscape, the OB-GYN medical specialty reported nearly a similar income in the year 2013 as they did in the year 2012 with only just 0.5% increase in two years, but there was tremendous growth […]
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. […]
Providing people with health insurance improves access to care by reducing financial barriers, which are most evident at the point of care — that is when people try to get health care services. For decades, government plans such as Medicare and Medicaid have typically paid doctors and hospitals less than private plans, and even less […]
Radiology is the most fragmented specialty with primary patient care and consultation as the major focus. A radiologist plays a role as a consultant covering various medical imaging for other specialty diagnoses. A radiology practice is sequenced according to the geographic area, radiologist struggle with a different universal set of medical practices. It’s cumbersome for […]
The job of an Optometrist is multifaceted; you have to take care of a wide range of activities happening in your facility. Along with the daily chores of overlooking patient eyesight, revenue management of the practice is another time-consuming activity, which if not handled properly by your accounts department may lead to a serious financial […]
Knowing how to Reduce Denials for Otolaryngology Practice can help your practice avoid the constant headaches of denied claims that affect your practice’s revenue. There are many things that healthcare providers need to consider in today’s ever-changing climate. From the challenges that come with obtaining proper Medicare reimbursement to CPT code changes, the world of […]
In a recent research report published by the Medical Group Management Association, 23% of aggregate patient administration’s income is credited to collection from patients. It’s an issue for some optometry practice, with 60% of respondents saying it is a significant test. It’s a much greater challenge for smaller practices that don’t have heavy monetary spending […]
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