Coding and Billing are integral to the finances of medical practice. You require a specialist for the job because a minor mistake can cause you a huge setback. The results of medical billing are not only essential for your reimbursement, but they also keep you updated about the shortcomings of your medical practice. You can … Read moreTRAITS OF EVERY SUCCESSFUL MEDICAL BILLING AND CODING SPECIALIST
As a practitioner, you already know the significance of an outsourced revenue cycle management. It is a proven fact that outsourcing your medical billing affects your reimbursement positively. The performance of your billing company is the decisive factor in the financial success of your practice. If your payment is declining despite having your revenue cycle … Read moreHow To Assess Your Billing Vendor
Many practitioners struggle with the question whether or not they should outsource their medical billing. On the surface it makes sense to hand it over this responsibility to an outsourced company since they are expert in it. But is it really that simple? Of course, not. The medical billing is a lengthy, complicated procedure. Before … Read moreQuestions To Ask Before Having A Medical Billing Company On Board
Medical service providers need to be organised in order to improve their financial performance. They need to identify and implement revenue, efficiency and business opportunities to help control costs with Medical Practice Management Services. Since medical claim reimbursement is always declining, running a medical practice has become a tricky business. You need to keep a … Read morePractice Management Hacks You Must Follow
Quality data and quality measurement reporting are crucial part of Medicare programs. Physicians Quality Reporting System (PQRS) comes under such reporting to meet the quality performance standards. PQRS can boost the individual EPs and group practices in order to report quality care to Medicare. They offer EPs and group practices with a chance to … Read moreKnow How to Save Money on Medicare Payments
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 … Read more4 beneficial ways for oncology practices to prepare for MIPS
Health Insurance Portability and Accounting Act of 1996 is a significant health care law, which Medicare providers need to follow. This federal law is designed to allow the portability of protected health data for billing purpose. This ensures proper billing across the country. HIPAA created certain measures and procedures that all the physicians and covered … Read moreHow Risk Analyzing for HIPAA Compliance can be Helpful
Small changes can result in massive repercussions when improving financial outlook. Maintaining an efficient workflow can help your team with better outcomes and competitive edge in the community. One can improve the productivity by leveraging EHR software and other technologies. Creating an effective workflow doesn’t mean gutting operation or scaling things back rather it means … Read more4 Effective Ways to Create Smoother Workflow
Healthcare reimbursements biggest obstacles are insurance claim denials and rejections. This has been observed that “claim rejection” and “claim denials” are used interchangeably. These mistakes have negative and significant impact on the overall revenue cycle. Management of A/R and proper education are essential for a healthy cash flow. Let’s see the difference between claim denial … Read moreThe Main Difference between Medical Claim Denial and Rejections
Complying with HIPAA can be an unnerving for medical providers, especially when their failure complies leads to fines way up to $50,000 or more per violation. According to HHS’ Office of Civil rights, private practices require most corrective actions to enforce HIPAA. Another problem is hospitals, outpatient facilities, health plans and pharmacies … Read more10 Best Practices to Keep Medical Staff HIPAA Compliant