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If billing and collections are the lifeblood of a profitable medical practice, it appears some providers may have their metaphorical arteries clogged. A recent report from CareCloud and QuantiaMD found billing and collections processes as the areas most commonly targeted
You may have noticed the term “cookbook medicine” making its way through the healthcare blogosphere lately. And no, it has nothing to do with Julia Child’s finest hospital food recipes. It refers to practicing medicine by solely adhering to specific
Some say that old habits die-hard. Today’s physicians, however, aren’t fazed by age-old adages, apparently. According to the recent Practice Profitability Index (PPI) study, 41% of the more than 5,000 physicians questioned cited specific plans aimed at operational improvements in
Remember the time a patient walked in with that gruesome killer whale bite on his leg? Even worse, do you recall what a pain it was to bill their insurance? Well, probably not, but just in case this ever does
The incoming 32 million patients entering the healthcare system in 2014 due to the Affordable Care Act (ACA) should be a reason for physicians to rejoice. After all, more patients should mean more money for practices, right? Unfortunately, many physicians
Worried about the upcoming switch from ICD-9 to ICD-10? You’re not alone. With the number of diagnosis and procedure codes jumping from 17,000 to 141,000, many physician practices are scrambling to implement the new classification system before the October 1,
One of the most common reasons for claim denials given by payers is that a patient lacks insurance coverage or has had their coverage terminated. When receiving this particular claim denial, all options need to be exhausted by the provider
To keep bottom lines healthy, organizations are turning to a process called lean revenue cycle management. John Gallagher, account manager of Simpler Consulting, helps organizations utilize this efficient form of management.
Over the past decade, we’ve all become weary of economic recovery. Unfulfilled government promises, dismal financial forecasts and a sluggish buyer’s market have slowed the country’s fiscal revival and left business owners gasping for air. But few have felt more
Swimming and track athletes know that a strong start is often the key to a successful race. Medical appointment scheduling software operates on a similar premise. A well-designed appointment scheduler can get patient visits started off on the right foot.
