It’s all about Billing, Billing, Billing – Ringing in the cash revenues! Here are some mind-boggling Medical Billing facts that affect healthcare revenues impacting the Revenue Cycle Management Process and medical billing practices. The total market size of outsourced revenue cycle management (RCM) services has already reached $5 billion, and it is estimated that escalating […]
There are innovations taking place all around the medical and healthcare industry. Many physicians are getting attached to products and services in the medical field that is making the daily work process an easy system to follow. Right from appointing an outsourced medical billing facility to managing the vast patient data for insurance claims, hospitals […]
Ambulatory surgical centers have certainly been a revolution. However, there are some surgical procedures wherein the physicians working at the facility have been subjected to a pay cut or the revenue generated for their procedures has not been fully paid for. Well, there are various reasons that are hampering the revenue cycle of ASCs, but […]
Durable Medical Equipment (DME) like Crutches, canes, special cots, wheelchairs, slings, electrodes, etc are being frequently prescribed by physicians to help out people who have suffered injuries. However, there are several models and types available with a host of features. It is important that an injured person gets the correct equipment at an affordable price. […]
With health systems, medical centers, hospitals, and physician practices facing dismally low reimbursement figures and increasing risk and margin pressures breathing down their necks improving revenue are of paramount importance. Revenue cycle management experts are advocating improvements and the efficient management of accounts receivable as well as charge capture, coding, processing of claims, secondary billing, […]
Billing is a vital aspect of any business, and healthcare is no exception. Millions of dollars can be lost if pitfalls are not understood and are repeated time and again in the billing and coding of medical practices, especially for ‘Durable Medical Equipment (DME).’ This equipment typically serves a medical purpose and is used routinely. […]
Apart from business organizations trying to keep up with schedules and appointments through online scheduling systems, the healthcare industry to is waking up to the benefits of online scheduling. A plethora of software exists in the market for online scheduling and is advantageous in customer self-scheduling, accessibility, reducing the number of skipped appointments, marketing, customization, […]
Till very recently pharmacists were seen as dispensing medication, counselling patients on the use of prescription and over-the-counter medication, advising patients about general health topics, and often serving as a liaison between patients and the complex insurance regulatory system. However, with the Patient Protection and Affordable Care Act (PPACA) of 2010, popularly known as Obama […]
Pharmacy billing cannot be taken lightly; of course, advances in technology do help in removing the monotony and glitches associated with such repetitive tasks. It is indeed quite a challenge to be able to survive with competition breathing down your neck and wafer-thin margins threatening to eat into your revenues. Pharmacy companies are increasingly moving […]
Coding and generating bills in optometric practices have turned into an interesting issue in the last couple of years. As somebody who provides end-to-end medical billing services every year, we get the chance to hear many stories about how coding and billing are done in practices across the nation. We additionally get the chance to hear […]
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