The revenue cycle process and its management have continuously progressed over the last few years to keep up with the changes occurring in the healthcare industry. 2020 is no exception. When we talk about healthcare units and hospitals, the primary thought that comes to one’s mind is the patient care experience as it relates to […]
Health care providers are relying on billing companies to a greater degree in assisting them in processing claims in accordance with applicable statutes and regulations. Additionally, health care professionals are consulting with billing companies to provide timely and accurate advice with regard to reimbursement matters, as well as overall business decision-making. As a result, the […]
CMS released the proposed Outpatient Prospective Payment System – OPPS rule for 2018— which includes a major proposed cut for separately payable drugs purchased under the 340B program. The proposal would reduce reimbursement for separately payable Medicare Part B drugs purchased at 340B prices. Reimbursement would drop from average sales price plus 6% to ASP […]
The family practice is an intermediate between the patient and a specialty doctor. As most family practice doctors today grapple with the complexities of billing and regulations, finding an easy solution remains elusive. Managing different situations at a family practice is becoming a growing concern, especially as specialists prepare for real-life healthcare challenges. Increasing workplace […]
Is your hospital facility billing continuously facing errors? Within any of your medical accounts in terms of Revenue Cycle Management (RCM) is that restricting your organization’s cash flow? There are a few common problems that have affected the current Hospital Billing setting which can be avoided in a few steps. Claim Denials One of the […]
Medical Coding is more complicated today with different overviews regarding medical codes according to the insurance companies. The documentation and coding for diagnoses/procedures are becoming a one-sided question of the medical billing. Mistakes to avoid while coding for preventive medicine services “You’re given codes are incorrect and can please check them or EOB with wrong codes […]
The development and invention of different kinds of medical devices have been path-breaking and this has resulted in the development of a totally new industrial structure of medical devices. Today one of the strongest growing economies like China and the USA are spending over USD 5 billion in developing better medical devices. Spinal assisting devices […]
Revenue cycle management (RCM) is the commercial process that uses medical billing software, which healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. In simple terms, it refers to the process of tracking the payments for the services rendered at a provider’s office, from […]
Today, the majority of deaths worldwide are due to four noncommunicable diseases such as cancer, cardiovascular disease, type 2 diabetes, and respiratory diseases; most of these deaths are potentially preventable. Four sets of behaviors contribute to the high and growing burden of noncommunicable disease: consumption of tobacco, alcohol, and highly processed foods, as well as […]
Bundled payments sooner rather than later, are likely to become a more common thing in the healthcare industry. Bundled payment policies are being leveraged to incentivize improved care coordination, quality, patient safety, and cost proficiency in a system which is badly in need of developments in these areas. Bundled Payments Is Catching Up With You […]
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