Protect Your Family Practice from Dipping Medicare Rates through FP Billing Services

Approximately 22% patients in a typical family medicine practice are Medicare beneficiaries. Due to this, a 10.6% cut in Medicare fees translates into a reduction of approximately 2.3% in practice income for family physicians. This is a significant reduction if we consider the margin at which many family practices are currently operating. In case private […]

How Specialized Billing Service can Help Reduce (EHR) Up-coding Errors?

Is your medical practice facing EHR up-coding errors? There are several benefits associated with the implementation of an EHR. It has proved extremely beneficial for healthcare providers in reducing medical errors and simplifying complexities of documentation during the billing procedure. But at the same time, EHR implementation has also made way for errors that wouldn’t […]

Are you making Medical Billing Mistakes which Increase your AR days?

Is your AR exceeding 1.5 times your monthly charges? If yes, your practice needs to make significant changes to get account receivables back on track. Browse All: Medical Billing Services Practices first need to check their 0 to 30 days AR and find out what percentage this category consists of their total AR Next, they […]

Outsourcing vs. In-House Medical Billing and Coding Process

The need for outsourcing medical billing operations differs from practice to practice. If you feel that the desired financial results are not being achieved by your practice, you need to assess the problems areas and determine if outsourcing or improving in-house billing and coding process will get you back on track. Providers need to understand […]

Payment Posting and Denial Tracking the Most Time Consuming Parts of the Medical Billing Process

Denial tracking and payment posting are time consuming yet fundamental features of the revenue cycle management (RCM). Successful implementation of these processes can have a major impact on efficiency, patient satisfaction and financial performance of your medical practice. Therefore, there is a strong need to automate and streamline the procedure of payment posting and denial […]

How Can Accurate Documentation Enhance Practice Revenue?

In the last five to ten years reimbursement for medical practices has been impacted by various changes in the healthcare industry. These changes include HIPPA tightening their requirements for data submission, upcoming ICD-10 final implementation date coming closer, amongst various others- which have a direct impact on medical documentation and hence on the medical practice’s […]

Accurate Medical Billing Functions Which Help Practices Overcome Losses & Increase Productivity By 30%!

Medical Practices lose approximately 20-30% of their income due to errors made by the internal billing department, as deduced from various studies. If your billing functions including coding, denial follow ups, collection of patient receivables, staffing and accurate charge entries are not done properly, you will end up losing thousands of dollars on a yearly […]

Understanding the Impact Affordable Care Act Will Have on Family Practitioners & Their Reimbursement Patterns

Affordable Care Act is the upcoming revolution, expected to change the face of the healthcare industry in the years to come. It will not only extend quality care to patients but also improve the way medical services are administered by healthcare practitioners on the whole. Financial advantages of the ACA are hard to ignore and […]

Family Practices Handle New Updates and Coding Changes in 2013 with Efficient Medical Billing

Efficient medical billing practices can strengthen the financial backbone of a family practice and allow family practitioners to focus on the service aspect of their practice. However, in a constantly evolving healthcare industry the need to Update Medical Billing at regular intervals becomes absolutely indispensable. It goes without saying that the year 2013 will see […]

Challenges Push Family Practitioners to Partner with Medical Billing Specialists to Improve Revenue

Despite the delay in implementation of 26.5 percent cut in Medicare family practitioners payment, AAFP continues to call on Congress for a repeal of the sustainable growth rate (SGR) formula. This is understandable because the deferment means a temporal relief for family practitioners and if SGR is around, given that it assesses growth solely from […]

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