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How to Improve the Medical Billing Collections of your Practice in 2018

Cash flow is the backbone of every business and the healthcare arena is no exception. And, given that 2018 presents a challenging economy and higher inflation rates, there is a trend we’re seeing in patients who are reluctant to pay their co-payments and deductibles. This problem puts the cash flow of healthcare providers at risk

5 Top Benefits & Challenges of Using Blockchain in Healthcare Industry

The healthcare industry is drowning in data. An overflow of clinical records, patient history, complex billing information, medical research and more make it very difficult to manage such data within the healthcare industry in a systematic way. According to research, Americans see an estimated 19 different doctors in his or her life. Meanwhile, the U.S.

Top 5 Successful Revenue Cycle Management Strategies in 2018

Hospitals and providers miss out on millions of dollars of revenue every year due to inefficient revenue cycle management practices. Administration, medical coding & billing, and many more pieces of the healthcare practice work together to drive the practice’s growth. A slight error or malpractice can greatly disturb the complete revenue cycle. If it continues,

Interoperability in EHRs and Why it is so Important?

In today’s digital age, when we are witnessing an instant exchange of information round the clock, healthcare providers are still struggling to share a patient’s health records with relevant stakeholders. Although the $35 billion incentive offered to physicians as part of the Health Information Technology for Economic and Clinical Health (HITECH) Act in order to

10 Characteristics of an EMR Software

The interpretation of electronic medical records software and there is no doubt about it, possessing an extremely progressive structure which enables conserving an individual tremendous wealth and achieving greater prosperity. Characteristics of Electronic Medical Record (EMR) Software Let’s contemplate, ten exceptional characteristics of the top electronic medical record software programs for merchandising. 1. A Completely

Implementing Electronic Health Records – Tips for Providers

A revolutionary decision was made a decade ago when they decided to implement an electronic health record. Back then, the time and cost to implement the EHR were tremendous but, the results from the EHR altered the practice of medicine to help doctors do what they are best at, save lives! The Health Information Technology

Fourteen Unusual ICD-10 Codes

There are 68,000 billing codes within the current ICD-10 structure, in opposition to an insufficient 13,000 beneath the new ICD-9. The forthcoming symptom codes, calculated to mend the billing procedures and aid in public well-being and value decrease beyond the healthcare transportation arrangement, possess providers, throughout the quarter anxious about the incorporation. The latest survey by

8 Medical Billing Miscalculations to Look For

Several millions of Americans are actually paying too highly on the medical payments as a result of regular miscalculations, indicating its equivalent fees, wrong data in the same way that an incorrect insurance identification number or an unreasonably high amount of services rendered. Mistakes with such problems can have an outcome of thousands of dollars being

Five Possible Consequences of Delaying ICD-10 Transition

While healthcare corporations get ready for the ICD-10 transformation, everybody perceives there will be an opposition. The ICD-10 implementation is primarily occurring for the duration of the night,” states Doug Fenstermaker, who is the supervising director and vice president of the healthcare for Warbird Consulting Partners, an expert business organization with an interest on the

Understanding Mobile Health – 5 Things to Know

The condition of the health is an illusive incident. Numerous of the very grave well-being complications for which an individual can be speculative are comprising of heart disease, stroke, peripheral artery disease, osteoporosis and abdominal aortic aneurysm which usually indicate no manifestation until it is extremely late. Confronting an agonizing, expensive, health occurrence caused by