How important is the Patient Eligibility Process?
Insurance coverage verification is important for patients. Patient eligibility and benefits verification is an essential method of Revenue Cycle Management (RCM), which accommodates the stairs practices need to take to hold sales and ensure they get paid. It takes a variety of time, patience, perseverance, and a few...
A Quick guide to physician credentialing services
Physician credentialing is required in order to generate revenue. Receiving reimbursement for your services can be difficult and complicated, especially if you are out-of-network. As a result, it’s critical that you get credentialed, and being in network with a reputable insurance company to ensure that your claims are...
In 2022, how can you plan your strategy for generating more revenue?
As we move into the New Year, physicians, their billing teams, and the hospital medical billing industry as a whole are look over strategies that could yield better results.In response to a global pandemic that has triggered several permanent and temporary changes over the last two years, revenue cycle...
How Can Outsourcing Your Pathology Billing Services Help You?
Nearly every specialty area of medicine is impacted by pathology. The most efficient ways to treat specific ailments are guided by the knowledge and research of pathologists, who are specialists in human illnesses and infections. Additionally, they work on building technologies and processes to treat illnesses as well. Pathologists...
How Can You Benefit From Outsourcing Your ASC Billing?
Operating an independent medical practice becomes more challenging every year. The impact of reimbursement may be affected by new regulations, coding updates (as in the case of EM coding in 2021), payer rule changes, and performance measures. Many healthcare practices struggle with choosing between in-house or outsourced revenue cycle...
How Can Your DME Billing Process Be Optimized To Speed Up A/R Collections?
In any healthcare setup, efficiency is the key to success.Your success depends on your ability to innovate and improve patient experiences while reducing costs and avoiding mistakes. It is therefore crucial to have an efficient medical billing system to achieve these goals. When you don’t have an experienced biller...
How Can You Ensure A Higher Clean Claims Submission Rate?
Are you aware of the number of claims your practice or centre submits daily to carriers? What percentage of those claims are paid at the first submission? If you are denied a claim by a carrier, it accumulates in your account. Revisions must be made to these claims, denials...
What Are The Steps You Can Take To Avoid Medical Billing Denials?
Taking These Steps Can Help You Avoid Medical Billing Denials The focus of healthcare providers is on two things: delivering the best possible care to their patients and getting paid. Receiving timely and complete reimbursements is difficult with denied claims. You will need additional workforce to appeal denials, which...
What is HIPAA? Why does it matter to you?
In order to protect the privacy and security of certain health information, the Health Insurance Portability and Accountability Act of 1996 (HIPAA) required the Department of Health and Human Services (HHS) to establish regulations. The Privacy Rule and the Security Rule were developed by HHS to fulfill this requirement....
Does tracking the revenue cycle seem quite difficult for your healthcare organization?
Are you using the conventional approach to manage your healthcare revenue cycle? Does your inability to trace the revenue leaks makes the account receivables difficult to manage? Are you facing difficulties in taking the exact view of the costs, spending, and revenue, and at the same time? If your...