Payment posting is considered to be a very simple task in medical billing but it is the fundamental and most important step in billing and overall revenue cycle management. It helps a practice to promptly identify a potential issue and correct it at an early stage so as to save time and avoid inconvenience. An … Read moreWhy Payment Posting Is Important In The Medical Billing Process
The Centre for Medicare and Medicaid Services (CMS) recently announced that the link provided by them to the providers to check their participation status on the national portal i.e., https://qpp.cms.gov/participation-lookup/ was incorrect. Now the newly updated link for verifying the eligibility status for QPP participation has been updated to https://qpp.cms.gov/login. Providers have to report … Read moreCMS Announces New Link Portal To Check 2020 QPP Status
Enforcing entire MACRA implementation is necessary to advance value-based care. Excluding providers from MIPS will only lead to lower payment adjustments for the healthcare practices and physicians providing quality based care to the patient, thereby defeating the purpose of value-based care. The aforementioned is a recent statement made by the AMGA with the intent to … Read moreMACRA MIPS: WHAT LIES AHEAD?
Yes, hospital, clinics, doctors, healthcare professionals are responsible for keeping people in pink of their health, but they also need money to keep their medical practice financially healthy. This is where healthcare revenue management comes into the picture. Medical/healthcare revenue cycle management is a crucial element of medical service providers which is responsible to efficiently … Read moreMEDICAL RCM: AT A GLANCE
Of all the intricate processes that make up the medical billing and coding in the healthcare industry, be it Insurance verification, medical transcription, claim submission, payment posting, one process which holds utmost prominence, considering heightened intricacies of its own is charge entry practice. Why, you ask? Because charge entry process if overlooked will impact your eligibility … Read moreRationalise your charge entry practice
How is mental health billing different from medical billing? Psychiatrist unlike a general physician or any specific medical specialist serves its patients differently. While other healthcare professionals perform surgeries, a psychiatrist counsels the patients through therapy sessions. Hence, while undoubtedly insurance claim is a hassle for the general health practitioner, but having to prove the … Read moreMedical billing for behavioural healthcare
The following constitutes a healthy revenue cycle management: Patient Pre-Authorization Eligibility & Benefits Verification Claims Submission Payment Posting Denial Management Reporting Of all these critical processes required for an effective revenue cycle management, payment posting is one of the most crucial ones. Although it seems like a simple process, payment posting if gone wrong can … Read moreHow Can Your Medical Practice Benefit From Payment Posting?