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Denial Management: How to Avoid Medical Claim Denials

Medical billing is a critical factor in determining the financial success of a practice, and claim rejection has a significant impact on the cash flow of any practice. A denied claim is one that doesn’t meet the set criteria of the insurance company or carrier, and they therefore refuse to pay for the healthcare services

5 Medical Billing Strategies to Maximize Your Collections

The introduction of time consuming and value-based incentive models, as well as rapidly changing medical billing rules and regulations have affected the cash flow of practices across the U.S. These recent reforms to the healthcare system have brought on new challenges for providers, and it is now much more difficult for physicians to remain independent

Why Should You Outsource Your Medical Billing?

Medical billing is one of the most time consuming and frustrating tasks that often diverts the attention of medical practitioners from their core expertise. Why? Because they often end up overseeing the billing themselves, or at the very least, being heavily involved in the process. This is like asking a Mathematician to perform the job

How Blockchain Technology Can Revolutionize the Healthcare Industry

Blockchain is an emerging technology that creates immutable and distributable data records that are shared peer-to-peer between linked database systems. This technology records digital events in a pattern that is not editable or recognizable before it reaches the recipient. This secure data exchange is one of the major reasons why blockchain technology is a favorite

Do You Need Both an EHR and a Practice Management System?

There are a surplus of practice management system and electronic medical/health record systems available to healthcare providers. Because of this (not-so-well-differentiated) variety and a lack of availability or accessibility to information about them, confusion often arises, making it even more challenging for practices to choose the right product to streamline their operations. Because they’re likely

9 Practice Management Software Features Required for a Provider

When moving to an all-digital office, the practice should set aside some time to determine the practice management software that will be a good fit for their practice. Providers often misunderstand or are confused by medical billing, electronic health records software and practice management systems, so we’d like to distinguish the key features that make

Why Small Practices Should Consider Outsourcing Their Medical Billing

Medical billing is a complex matter, as there is a lot that goes on in the back-end to make it a success. Careful and sometimes tedious tasks are required and then executed by specialists in the arena. So, if you run or own a small practice and are considering the idea of taking your medical

How to Choose the Right Medical Billing Solution for Your Practice

The financial fitness of any practice is tied directly to efficient medical billing collection, compliance, and follow-ups throughout the claims process. An effective cash flow system is essential in order to keep the financial health of your practice strong. Constant rule updates and new policies like the transition to ICD-10 from ICD-9 are making the

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.