Medical billing is not a child’s play- rarely is there a straightforward billing. The reason being is because each hospital and provider works differently and patients also deal with multiple healthcare providers – for the equipment they deal with different providers, for ER facilities there is another health provider and maybe a third for some […]
AR or the Accounts Receivable process is the most crucial component in the Revenue Generation Cycle. An efficient AR that involves the success or loss in terms of the rate of denials &/Rejection medical claims process can have a positive or negative impact on the Medical Billing practice. With the changing healthcare the ever nagging […]
After the outbreak of Ebola in many parts of Africa that also infected many US residents last year, healthcare workers have now been notified to tackle another tormenting disease, in the form of the Zika virus. This deadly disease has been a constant threat to toddlers and mothers. Observing the rising number of patient’s queuing […]
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 […]
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, […]
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 […]
Optometry billing has been subjected to a number of challenges that keep Optometrists from gaining profits. Declining reimbursements and increasing regulations are placing added pressure on physicians, driving them away from patient care. Is your Optometry billing wearing you out? Is coding a challenge for your staff? Incorrect coding may have you end up seeing […]
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