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medical billing service company-Medphine

4 beneficial ways for oncology practices to prepare for MIPS

Medphine

The final rule released by CMS for most significant legislative change to Medicare, the Medicare Access and CHIP reauthorization act of 2015 (MACRA) integrates value programs and Medicare quality to establish a combined performance score. Every year a performance threshold will be placed. If the average score of previous year is equal to the performance […]

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4 Best Medical Practice that you can’t Afford to Miss

Medphine

Medical billing is the most invisible engines of healthcare reimbursement. It won’t be easy to efficiently transmit critical data in the absence of medical billing. One of the biggest hurdle faced by medical practitioners is to get paid for their services. In order to be profitable, it is critical to have an efficient billing and […]

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2018 MACRA Update for Small Practices

Medphine

CMS released rule for quality Payment Program 2018. As we are moving toward the end of 2017, let’s have a look at the rule proposed for next year.     Here are some of the points that summarize the proposal.   QPP is Growing The new proposal comes with significant changes yet most of the […]

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Comprehensive guide to Understand Estimating Patient Responsibility

Medphine

With the increase in patient responsibility, practices seek effective methods to collect outstanding patient balances. At times, they search for ways to collect more payments at the time of offering service. Estimate patient responsibility before claim adjudication is extremely tricky and till now there isn’t any software that can serve the demand for independent practices […]

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Why you need to Prepare for MIPS Performance Data Audit

Medphine

In the beginning of 2019, reimbursement would be determined in part based on their performance in the MIPS. Medicare will favor those eligible groups and clinicians who will report that they have met certain criteria for Advancing Care Information, Quality, and clinical practice improvement activities. MIPS will continue to audit the data that is submitted […]

4 Startling Facts about In house Patient Collections

Medphine

Healthcare systems are convinced that there is nothing they can do about revenue cycle management. For medical practice, every dollar is critical for their overall vitality and success. The crucial question to address here is whether to outsource or perform the process in-house?     There are several myths prevalent within medical billing industry. The […]

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3 Indications you need to transform your hospital Revenue Cycle

Medphine

Healthcare has witnessed biggest shifts in their general practices recently. These changes are coming fast and hard due to which most nimble organizations are not able to steer them without much disturbance. Many healthcare organizations are finding themselves struggling in managing their revenue cycle management.     Undoubtedly, patient health is the pinnacle of your […]

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Why Self service patient portal are Must

Medphine

  Bad debts are emerging as a crucial issue for healthcare. According to American’s Health Insurance Plans, around 15.5 million individuals are enrolled in high-deductible strategy, with 15% annual growth rate in the past years. Healthcare is investing their resources and time for contacting patients and attempting to fix the outstanding balances. Rather than focusing […]

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Top 5 Trends in Medical Billing Software

Medphine

It’s crucial to know how the landscape of medical billing software is evolving. What are the new features? What’s out there? How best practices are meeting organizational needs to overcome medical billing solutions.   Access via Mobile Mobile medical billing has got a lot of appeals. It streamlines paperwork, keeps professionals away from the desktop, […]

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