Medical billing inefficiencies can bankrupt a medical practitioner, a group, hospital or medical center. The demands from insurance organizations are mounting immense pressure on providers to straighten out their coding and billing processes and to improve their revenue cycle. As a medical professional, no matter what position you hold, either you are an independent physician,…
Revenue Cycle Management is a process that is employed in the US healthcare system. In the United States, the revenue from patients is tracked from their first encounter with a medical facility to avail any form of medical service or product to their most recent payment of balance. The cycle can be defined as, “all…
Medical billing acts as the bridge between a healthcare provider and the insurance company. The number one problem that healthcare clinics and other medical facilities face, is collecting money from patients in the form of insurance claims. Problems mount when healthcare providers try to handle both their healthcare practice and the financial burden of the healthcare…
Healthcare debt collection, as well as medical billing, can hinder your success as a healthcare provider whether you are a hospital, medical laboratory or an independent practitioner. Deliver ability of advance healthcare services and implementing debt recovery and timely medical billing lies paramount to the improvement in your patient experiences. When it comes to your financial health,…
Outsourcing your medical billing can be the most crucial decision you ever make in your medical practice as a healthcare provider. It can make your life a lot easier, and you will make a sharp reduction in billing errors, making more money, becoming more patient-focused resulting in satisfied customers as well as a getting a…
Year after year, regulatory changes make medical billing more difficult. If you handle your billing in-house, the chances are good that your staff members spend a significant amount of time trying to understand compliance requirements, coding changes, and reasons for denials. Perhaps they’ve adapted the billing process and got things back on track only to…
Recent studies show that businesses are failing to meet the expectations of their customers. This is increasingly true for healthcare facilities that outsource their medical billing process. The biggest problem is that there are major inconsistencies between customer expectations and the reality of the services that medical billing companies provide. And there shouldn’t be. Just…
The switch to electronic-based healthcare has been both valuable and complicated. It can get confusing when you’re constantly inundated with new rules and regulations, causing a need for more time and resources. Outsourcing your medical billing is one solution to this ongoing problem. If you’re reluctant to take the leap in that direction, here are…