In our previous blogs, MBC has highlighted ways in which you can focus on the health of your patient and yet manage to deliver error-free claims and reduce your medical billing costs just by outsourcing your billing revenue cycle. The new rules and regulations introduced by the Accountability Care Act (ACA) have led to a […]
More and more physicians are feeling the burden of both administrative and operational costs. One would wonder how this affects their medical billing and coding practice impacting their Revenue Cycle Management (RCM) system. With the rules and regulations that the Affordable Care Act (ACA) has brought in together with the constant rule changes that the […]
Somewhere along the way you decided to become a medical practitioner and use that knowledge to help and treat people. You didn’t spend all those years studying medicine to end up spending most of your time billing and coding for the procedures you performed. Yet, by now you must have understood, this is what is […]
In our previous blog, we have read why it was critical to have an efficient claims processing system to help improve profitability for medical services rendered. To ensure that the cash inflow is seamless, an efficient and effective revenue cycle management (RCM) process is vital. Whether the medical practice is large or small, with the […]
As the case is with numerous medical practices, Podiatry practitioners are also reeling under the increased pressure to enhance their revenue cycle, while diminishing their overhead. One of the best time sinks in a Podiatry Medical Billing Practice is error-free billing and coding. And going by the latest accounting trend, it’s better for you, as […]
Procedure coding in Orthopedic Surgery is very essential to avoid loss of revenue which can affect the Revenue Cycle Management (RCM). With the implementation of the ICD-10 codes and the changing healthcare rules and regulations, orthopedic surgery procedure coding has become a challenge and affects medical billing which in turn impacts orthopedic revenues. Procedure Codes […]
The term ‘Accounts Receivable’, or A/R refers to the money owed by payers, patients, or other guarantors to the practice, for services rendered and billed to them. An increase in A/R typically signifies troubles on the cash flows of the practice. Benchmark the A/R objectives to ensure that money flows accurately and in a timely […]
There are several factors to be taken into account, in today’s ever-changing scenario; by the healthcare providers as far as ENT practice billing is concerned. The first challenge is ensuring minimum or no denials for reimbursements, and keeping up with the changes in CPT codes, which are major obstacles for ENT practices. No wonder, most […]
As in any other practice, podiatry practice too should be taking up a lot of time, leaving you very little time to focus on podiatry medical billing. It is more likely than not that you have been losing significantly with your outdated billing practices. Podiatry practice, as most physicians may be aware, is still evolving […]
Unlike any other practice, billing is a very crucial factor, even to orthopedic practices that are looking out for steady cash flow and decent revenues. It is a major decision that medical practices need to make whether to handle the billing in-house itself or to outsource it to a professional orthopedic billing company? You will […]
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