A minor error in medical transcription can cost a healthcare practice a fortune or even a possible lawsuit in case the documentation is severely flawed which is why outsourcing a medical transcription service from a credible billing and coding company like Medphine is a preferred choice by all healthcare providers. Not only this … Read moreFATAL MEDICAL TRANSCRIPTIONS FALLACIES
“Practicing value-based care works to address the nation’s chronic disease epidemic by giving physicians the support and data they need to focus more on prevention and reduce acute care episodes,” Roy A. Beveridge, MD, Humana’s chief medical officer, said in a statement. “This model allows physicians to focus time and energy on those patients … Read moreVALUE-BASED CARE AND RCM
Escalating Account Receivables days? Delay in insurance payment? The aforementioned statement is enough to give a healthcare practice’s operator sleepless nights. Optimizing account receivables is crucial to keep the healthcare facility running in a stable condition. Streamlined AR results in fast track claim reimbursement with its timely follow-up, comprehensive denial management to contribute … Read moreIMPROVE PRACTICE’S A-R MANAGEMENT
A: I will never recommend that medical practice, even to my nemesis? B: Why so? A: They have a pathetic front-desk staff? No etiquettes, disorganized and sheer wastage of time, visiting that hospital. And there goes all your hard-work straight in the drain. You know how they say, “first impression matters”? This is apt … Read moreENHANCE YOUR PRACTICE’S FRONT-DESK EFFICIENCY
150 billion! Yes, that is how much healthcare systems of the United State lose because of patient no-shows, in a year. Setting up, operating and maintaining healthcare organization is expensive. What adds to the staggering expense and has an adverse impact on the revenue generated is the frustrating habit of the patient not showing … Read moreHow Patient No-Show Affects RCM?
Yes, setting up a medical practice is time and cost-extensive but that is not the end of it. How are you going to survive the health care competition without continuously working towards improving the practice management? It takes diligence and exceptional administration skills to operate a successful and efficient practice. Take note of these strategies … Read moreImprove Medical Practice Management
What makes a medical practice worth revisiting and recommending? The hospitality. The way the practice treat the patient coming for the treatment is what makes the facility trustworthy. A patient’s experience doesn’t stop at them leaving the door of the facility after successful surgery. How enriching has been the patient’s experience at the facility … Read moreBOOST PATIENT’S EXPERIENCE, ENHANCE BILLING!
In one of our previous blogs, we discussed what steps can a healthcare service provider take to ensure effective implementation of Electronic Health record. One of the pointers mentioned in it was to designate a leader that will provide smooth management of the newly implemented EHR. In continuation with that we will be discussing today, … Read moreEnsure successful training for EHR Implementation
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
Ever since its inception in the year, 2008 with bitcoin, block-chain technology has been a creating ripple in industries, impacting everything. So what is blockchain? It is a chronological arrangement of write once read only data that can be shared and distributed across authorized users, but if one has to delete or alter any … Read moreBLOCKCHAIN IN HEALTHCARE