Strategies to Minimize Revenue Loss in Medical Billing
We are living in a patient-centric technological, outcomes-based, digital world. Doctors must not only give accurate diagnoses and the right treatment plans, they must also focus on meeting patients’ expectations and changing stereotypes of the medical market. Optimizing RCM services for the business aspect of your practice can help you to collect revenue that is […]
Medical billing Options for Behavior Health Specialists
Behavioral health centers will face unprecedented challenges in 2022, especially larger health groups. With the rise of telehealth services, many centers are expanding beyond state borders, and the more payer types folded into a revenue stream, the more complex the revenue cycle management (RCM) becomes. Self-pay has become one of the easiest and largest pay […]
Why Payment Posting is Important in the Medical Billing Process
On a drizzly, overcast Thursday afternoon, Jane, working on claims for the day, mistakenly entered $5005 instead of $ 505, didn’t catch it and moved on. As the claim made its way along the practice’s medical billing process, the mistake wasn’t caught quickly and lead to several issues. First of all, the patient received an […]
What Does the Future of Medical Billing Look Like – 2016 and Beyond?
If you run a medical practice, supervise billing staff or even wrangle with the multitudes of rules and regulations yourself, you know medical billing is complicated. The administrative burden of running a financially sound medical group is consuming more and more valuable time for physicians, practice administrators and CFOs. The switch to ICD-10 codes is […]
How Automated Billing Rules Can Boost Your Medical A/R
Let’s face it – keeping track of all those medical billing rules from different payers can be tough. And it’s not just the sheer number. Insurers keep changing the rules of the game along the way. Technology to the Rescue Many medical practices improve their accounts receivables with software that includes (and automatically updates) […]
Time to Outsource Key Medical Billing and Collections Tasks? [See Checklist.]
Change may not always be easy, but for many practices outsourcing the more tedious medical billing and collections duties to experts can save time and boost profitability. Many times outsourcing also frees up your staff to focus on other important practice duties — including more patient engagement and interaction. But how do you know […]
5 Medical Billing Mistakes That The Most Profitable Practices Avoid
Avoiding all medical billing errors may be impossible — especially in busy offices where details can get lost in the shuffle. However, by focusing on stopping the most common medical billing mistakes, you can make the most of your staff’s time and maximize practice revenue. Medical billing experts Alice Scott and Michele Redmond identify common […]
Quiz: Should You Outsource Medical Billing and Collections?
Sounds like a simple enough question, but if you’re like most medical practices, the answer can depend on a number of factors.
In-House vs. Outsourced Medical Billing Revised: Pros and Cons
The question of whether to outsource medical billing operations or keep the process in-house continues to weigh heavily on many doctors and practice managers as we move into 2015 and beyond. The right answer differs from practice to practice based on a multitude of factors: age of the business, size of the local labor market, and state […]
Choosing Between In-House and Outsourced Medical Billing
Choosing between outsourced medical billing and maintaining an in-house billing staff is one of the most financially impactful decisions a practice can make. It can be one of the most difficult as well. The cliché, “If you want something done right, do it yourself,” would seem to make in-house billing the obvious choice, but clichés […]