Medical physician and practices are striving to upgrade and outsource for improving revenue cycle and reduce cost. By opting for outsourcing your billing, you get the advantages of experienced biller and best practices of billing without going through the hectic process of recruitment or managing staff. The decision to outsource impacts the bottom line of … Read more4 Mandatory Things To Ensure When Outsourcing Your Billing Needs
Medical physician and practices are opting for new ways for avoiding increasing patient charges, reducing denials and increasing revenue. Some opts for outsourcing the RCM for cost benefit and saving time while other hesitates in going up with this option because of some misconceptions regarding outsourcing RCM. We are debunking the myths regarding outsourcing your … Read more3 Myths About Revenue Cycle Outsourcing And Billing
Medphine has been providing Revenue Cycle Management services to the Healthcare industry industry for over a decade now. The healthcare industry has been evolving at a steady pace, with some big changes being introduced in the last year. As the healthcare industry evolves, so does a medical billing and coding company, in terms of updating … Read moreCelebrating Teamwork at Medphine
Revenue Cycle Management involves improvement in the payer performance, upgrading cash collection and providing feedback to healthcare consumerism. In short, it helps in generating adequate revenue for further investing in future. The healthcare industry has been evolving with the introduction of new reforms and regulations. Therefore, every hospital is scrambling to either improve or maintain … Read more5 Helpful Tips To Optimize Your Revenue Cycle Management
Information sharing between doctors and their patients is the centerpiece of HIPAA. A patient’s right for knowledge of their own health information is vital for upholding the ethical principles of the Healthcare Industry. The rules of HIPAA were set to protect the privacy and security of sensitive information regarding a patient’s health conditions. But for … Read morePrivacy Conundrums: How Much Information Can You Share With Your Patients?
In October last year, a major change took place in the Medical Coding Industry. The introduction of ICD-10 coding system was the headline of this change. Healthcare Institutions all over US were made well aware of these changes in advance so as to prepare themselves for the oncoming scenario. Image Sources: EBizSoftware The medical practices … Read moreImpact of ICD 10 on the Healthcare Industry
Especially after the inception of ICD-10, Health Information Managers and hospital CFOs are considering to outsource their billing requirements. Almost synonymous to subcontracting, outsourcing your medical billing requirements comes as an option at an age where tightened budgets, unrealistic deadlines and large chunks of data are getting difficult to be managed by the health care … Read more3 reasons why you might want to hire a Medical Billing Company
ICD-10 has gained tremendous importance in medical billing industry because of its huge impact on the worldwide medical practice. Effective since October 1, 2015, this change in coding system has also brought a change in your actionable due to which a disturbance in the cost analysis can be noticed. Without investing your time, efforts, money … Read moreWhy are your costs affected after the ICD-10 transition?