7 Ways to Enhance Your Medical Billing Process
Cash flow is vital to the success of any practice, so completing the billing process in a timely and efficient manner means submitting claims correctly and receiving proper reimbursement. “There are many things a medical biller can do to help them stay current on changes, as well as to ensure claims are billed and processed correctly,” […]
4 Ways You Can Prevent Medical Billing Mistakes
There comes a time where you should probably stop blaming payers for medical billing mistakes, especially if your claims denial rate is higher than the 4% the MGMA touts as an efficient benchmark. What does your practice’s denial rate look like? While mistakes in processes as tedious as medical billing will continue creeping up on you, […]
In-House vs. Outsourced Medical Billing: Pros and Cons
IN-HOUSE VS OUTSOURCED MEDICAL BILLING: PROS AND CONS The question of whether to manage medical billing in-house or outsource it is a critical consideration for many healthcare providers and practice managers. The right choice varies depending on many factors, such as the age of the business, the size of the local labor market, and the […]
Use Electronic Medical Billing to Save Money and Time
American hospitals, medical practices, government health agencies and insurers spend around $360 billion per year on administrative expenses. That exorbitant amount is made up in large part by the costs of billing-related functions. High administrative costs make it more difficult than ever to sustain a private medical office, yet are commonly written off as a […]
How to Handle Timely Filing Claim Denials
HOW TO HANDLE TIMELY FILING CLAIM DENIALS A big challenge medical billers are most often confronted with is handling claims denied due to timely filing issues, as each insurance company wants the deadline set by it observed doggedly. The length of these deadlines for filing insurance claims is not fixed. They can vary from as […]
3 Tips to Improve Gross Margins for Medical Billing Companies
The medical billing environment has become increasingly complex. Insurance companies and other payers have come up with progressively intricate ways to avoid paying claims. These varied and complicated sets of rules can lead to increased denials, underpayments, and lost or ignored claims for medical billing companies who aren’t able to keep up with the constant […]
Common Habits of Highly Effective Medical Billing
Let’s face it: The healthcare reimbursement system is brutal. Insurance companies and other payers have developed an increasingly complex and often confusing set of rules and processes that lead to more denials, underpayments, and lost or ignored claims. It’s becoming harder for doctors to get paid for the work they perform. In fact, most medical […]
