Maintaining Profitability At Your Practice Amid Healthcare Reforms!

The US health care system has undergone major reforms in the last few years. This includes adoption of new healthcare IT reforms such as EHR (Electronic Health Records) and EMR (Electronic Medical Records). It has also changed the way physicians are reimbursed. The cuts imposed on Medicare leaves doctors with reduced revenue resulting in negative […]

Healthcare Growth Triggers Increased Demand For Billing Specialists!

Healthcare is an evidently developing industry, compared to many other significant industries. As the requirement to meet the needs of the patients, aging population care, and medication safety is increasing, so is the relative importance of health care. The healthcare division is offering more jobs and according to industry statistics has contributed for more than […]

How Will Value Based Payment Models Impact The Medical Billing Process?

Medical billing process is evolving with new healthcare reforms and value based payment models being introduced into the healthcare industry. It is being forecasted that in the next five years, more than half of health plans will be supported by value-based payment models out of which more than 60% are already mid-way through its implementation. […]

Why you should have Life Insurance? Some Strong Reasons

As you know, there are various life insurance services available in the world—however, some people are still confused about the significance of life insurance in their lives. In the UK, citizens know about its importance; in fact, two out of three people have life insurance coverage there, according to the Association of British Insurers Even […]

How Can A Billing Specialist Help Avoid Claim Denials?

Number of claims denied in the healthcare industry is a mystery. Claims are getting denied due to various reasons, and moreover the graph is showing an upward movement. It has been observed that most denials are in excess of 20%. As per a recent survey in Georgia, the table below depicts percentage of denials by […]

Critical Coding Blunders Medical Practices Need To Evade!

Accurate coding is vital for all medical practices as it is the main source of reimbursement. It not only reduces claim denials and increases revenue; but also plays a significant role in insurance assessments. Coding is an irreversible process that decides whether or not your practice will get paid for the services offered. Error-free coding […]

Physicians Get Tech Savvy to Deal with Increased Billing Documentation

Documentation takes up approximately one-third of a physician’s workday. With the implementation of healthcare reforms, HIPAA requirements and preparation for ICD-10, physicians are buried into piles of charts and billing forms, ending up with limited time for patient care. The next generation HIPAA transaction standards (5010) have increased documentation challenges for physicians. The HIPAA Security […]

Optimizing Practice Revenue with Specialized Medical Billing

The medical billing process requires constant updating and understanding of regulatory changes. If you are managing it alone you need to rethink, as without much government support chances are your revenue may suffer due to time constraints. Additionally your practice-staff needs to be well trained and equipped to be able to handle with ease all […]

Hospitals Adapt To The New Upcoming Innovative Payment Models!

Hospitals, in the US, are facing considerable challenges in the wake of innovative payment models. Innovative payment models are four different types of payment modules which apply to various phases of treatment episode and involve payment to the provider in the form of bundled payments. To understand how these models work, it would be helpful […]

Reforms Prompt Physicians To Opt For Billing Guidance To Increase Profitability!

Numerous US clinics profitability ratios have been depicting a downward trend and according to a recent physician survey, two thirds of the participants predict low profitability for the year ahead. This is not a positive scenario, and to change it first we have to consider the factors which are affecting the profitability of these clinics. […]

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