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revenue cycle management

5 Common Mistakes Physicians Commit with their Family Practice Billing

5 Common Mistakes Physicians Commit with their Family Practice Billing

The family practice medical service is all-encompassing and involves more than one field of medicine. Ideally, medical billers who work for family practice need to have extensive knowledge of diagnosis and procedure codes commonly used by the physician. This ensures that patients and insurance companies are billed corarectly. It also guarantees that the physician receives […]

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How to Improve Revenue for Orthopedic Billing Services?

How to Improve Revenue for Orthopedic Billing Services?

There are 28,000 Orthopedic Surgeons practicing across the US, according to the American Academy of Orthopedic Surgeons Even though Orthopedists earn the most from patient care work ($421,000), as compared to physicians from other specialties (Medscape Physician Compensation Report 2015), yet today the orthopedic practice seems to be facing big challenges in terms of generating […]

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5 Reasons for Outsourcing Medical Billing Services

5 Reasons for Outsourcing Medical Billing Services

Medical practice revenue is based on effective billing. According to a study (2013) by the Practice Profitability Index (PPI) around 36%of the 5000 physicians interviewed foresee negative trends in their profits. Their Report (2014) states that nearly 20% of physician’s time is spent in administrative tasks – coding, documentation, and administration, rather than on patient […]

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5 Ways to Improve Patient Scheduling

5 Ways to Improve Patient Scheduling

Most medical practitioners try and squeeze in all patients scheduled, yet often it backfires leaving patients unattended with long waiting hours resulting in administrative inefficiency and poor patient satisfaction. Patient care is primary to augmenting the revenue of one’s medical practice. Clinical, as well as administrative efficiency, can be enhanced by employing 5 crucial ways […]

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Can Cost Management Help to Improve your Revenue Cycle Actively?

Can Cost Management Help to Improve your Revenue Cycle Actively?

As an aftermath of the drastic regulatory changes the healthcare industry has undergone in the past couple of years, a large number of physicians and healthcare providers are still trying to find ways to improve their revenue model. Having seen steep downward slopes in their annual revenue lately, many practitioners have been driven into desperation […]

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Why does your Staff Fail to Collect Revenue from Patients?

Why does your Staff Fail to Collect Revenue from Patients?

After 25 years of training medical practice staff how to successfully ask patients to pay at the point of service, there are many common excuses that we hear when staff members fail to collect Revenue from Patients. As per the Consumer Financial Protection Bureau (CFPB) report released in December 2014, 43 million citizens have overdue […]

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3 Reasons why you should Outsource Medical Billing Service

3 Reasons why you should Outsource Medical Billing Service

To quote Shakespeare in the healthcare parlance; “to outsource or not to outsource” is the question that robs providers of their sleep. In all honesty, most providers are slowly outsourcing medical billing to experts; so much so that outsourced medical billing service providers are opening shops like the mom-and-pop shops we see all around. It […]

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6 Tips for Easy OB/GYN Medical Billing

6 Tips for Easy OB/GYN Medical Billing

Obstetricians are specialist physicians in pregnancy and postpartum, gynecologists are the one who specializes in the female reproductive system. The health conditions that both these specialties deal with are diverse and diagnosing and treating them definitely involves a lot of detailing along with specificity. OB/GYN billers have to undergo a typical and frustrating medical billing concern, […]

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Are you Struggling with Pending AR and Billing Challenges?

Are you Struggling with Pending AR and Billing Challenges?

Are your billers trained in collecting receivables? Does your practice collect insurance and patient balances efficiently? These are some of the important questions every physician should have an answer to. According to research conducted by the Medical Group Management Association, better performing practices generate more revenue, create operational efficiencies, ensure provider productivity and collect receivables […]

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