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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

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

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