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?
After many considerations, finally, you took the leap of faith and decided to get an Electronic Health Record for your practice. It is a big commitment to your practice and finances. What are the factors that you should look out for before switching to an electronic system for your patient’s health record? While EHR gives … Read moreHow To Choose EHR Vendor For Your Practice
Physicians suffer a lot due to declining reimbursement which is a direct result of an error in medical billing. The average that healthcare industry loses every year because of mistakes in billing is not clear but it is very evident that the money at stake is staggering high. To be able to manage the finances … Read moreHOW TO FIX COMMON BILLING MISTAKES
The old saying, “Jack of all trades, Master of none”, is being celebrated as a much sought after quality in young businessmen today. But when it comes to medical practitioners this quality is not supposed to be admired. Doctors have a responsibility towards the society and any mistake in the diagnosis/treatment can cost someone’s life. … Read moreSimple Ways To Reduce The Administrative Burden In A Practice
Electronic health record (EHR) maintains the health information of a patient electronically. It provides higher quality accurate data along with safer care for the patient. EHR also enhances the quality of management for the health organisation (or provider) which results in better health care. The patient records become accessible and more coordinated. The patient data … Read moreGet Optimum Value From Electronic Health Records
Any business requires an ample amount of cash flow in order to maintain their budget, expenses and other investments. No matter what is the nature of business, one needs to know the approx amount of money that is going to come in terms of cash. Similarly, practitioners need to treat their medical practice as a … Read moreWhy Medical Practitioners Must Record Inflow Monthly
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