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The Medical Group Management Association (MGMA) found that better-performing medical groups average just a 4.05% claims denial rate. Is your practice’s denial rate above four percent? If so, it could be time for a checkup of your internal claims processing.
Most of the 1.9 trillion texts Americans sent from their smartphones to friends and family last year wouldn’t be secure enough for healthcare settings. It’s unfortunate, because texting is a quick, easy and effective way to communicate. It’s probably also
Complying with the Health Insurance Portability and Accountability Act (HIPAA) can be unnerving for medical groups and providers, especially when failure to comply can lead to fines from $100 all the way up to $50,000 or more per violation. Private
A whopping 80 million people affected by the data breach at health insurer Anthem in February 2015. The month before, 11 million patient records compromised in the Premera BlueCross BlueShield breach. More recently, illegal access to another 10 million people’s
It’s October 2015 – the long awaited time when everyone in healthcare switches to the ICD-10 code system. Hopefully your workflow and revenue continue full steam ahead without any serious dips or disruptions. On the lighter side, we’re sharing our
How will the trend for more and more people with high-deductible health insurance plans affect your physician practice? After all, some experts predict patients paying a greater share of medical expenses could hesitate to come for care as often if
Sometimes medical groups need to make major decisions. And whether it’s adding an ancillary service, opening a new office or updating your practice software, there comes a time when the talk turns to action. So when that day arrives, where
If you’re like most providers and practice managers, you’re already busy enough to keep up with the day-to-day operations. But monitoring your practice’s financial performance remains vital to your medical group’s success as a business. It is not only worth
The U.S. economy is gaining traction. The overall unemployment rate is 5.3% – “ about half what it was in 2009/2010. But with the job outlook brighter than it’s been in years, you might worry about losing staff. And you
With the increasingly complex world of medical insurance claims, Medicare/Medicaid reimbursements, and other financial concerns, managing the billing process is a challenge for many practices. Time is Money According to a Health Affairs study, physicians use nearly 12 percent of
