Have you Planned your Financial Goals for your Practice in 2014? Ask your Billing Service for Help

The healthcare industry is going through a dynamic yet unstable time, forcing practices to recognize their ability to change and focus on strengthening their financial health. Medical practices need to set financial goals every year in order to stay focused and in business. If your practice is losing money, you won’t be able to survive […]

Reduce Claim Denials for Your Oncology Practice with a Medical Billing company

Is your oncology practice suffering from claim denials and underpayments? If the answer is yes, seeking assistance from a billing company can bring your worries to an end. Common oncology medical billing services issues: Compared to any other specialty, oncology has more complicated denied claims which require an effective denial management solution. The 2010 Affordable […]

Is Your Optometry Billing Actually a Making a Profit? How will you Calculate?

Cost accounting is extremely important for medical practices because without knowing the costs it becomes difficult to assess the profit generated by a particular service. It is not enough to be concerned only with overall profit. Providers should also know how much profit is coming from ancillary services, hospital work, office visits and so on. […]

Solve ICD-10 coding Problems with a Multi- Specialty Coding Expert

ICD-10 is all set to increase pressure on medical practices that are already dealing with challenges related to EHR, HIPAA, meaningful use and interoperability. Even though ICD-10 will pave the way for accuracy in new procedure payments, improved patient care and administrative performance, it will also cause coding problems and other challenges which will affect […]

Benefits of Adopting EHR for Improved Medical Billing in your Oncology Practice

It is very important for oncologists to select and implement the right EHR system because as per estimations, approximately 1/3rd of EHRs are abandoned within a year of implementation due to user dissatisfaction. Since a considerable amount of time and money is spent on selection and integration of an EHR system, practices need to be […]

How to Develop Medical and Billing Practices to Avoid an Audit?

Medical billing services is a nuance that has to be handled carefully to ensure financial viability and sustained profitability of your medical practice. However, most medical practitioners lack the talent and knack for ensuring administrative checks that can develop an audit-proof medical billing practice. More often than not, medical practices attract medical audits due to […]

Will fee-for-Value Billing Model Lead to Employee Attrition in Healthcare?

Fee-for-Value or Pay-for-performance billing models are making waves in healthcare industry and care providers are finding it increasingly difficult to adapt to the changes brought on by them. Most importantly, this change in billing model is accentuating pressure on current workforce and healthcare attrition has seen an all-time high over the past few years. Why […]

Checking Patient Eligibility While Medical Billing to Ensure Future Payments

Medical billing forms the backbone of healthcare revenue and profitability and is as crucial a process for care providers as are medical procedures. With government regulations becoming increasingly stringent and complicated coding and billing guidelines getting introduced every year, medical practitioners are facing dwindling revenues despite heavy inflow of patients. Clearly, the gap in service […]

Guide to Surviving Medicare Rates

If we consider the budgetary formula enacted in 1997 by the Congress, Medicare reimbursements might get reduced by 25% by 2014. A large number of doctors are already refusing to see Medicare patients due to low payment and with this further reduction, more doctors might refuse to accept Medicare patients. It has been estimated that […]

Survive ICD-10 Conversion Risks with Specialized Billing Services

Merely complying with ICD-10 mandate can prove risky for the financial health of your practice. If you fail to train physicians for ICD-10 documentation, coding will become difficult and it will lead to under-billing and underpayment. Even if you maintain documentation specificity, failing to follow-up with payers and complying with HIPAA-5010 will put your finances […]

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