Medical Billing Archive

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

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

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

The Benefits to Subcontracting Medical Billing

Medical billing is likely to be an exacting and strenuous endeavor for little medical practices. This explains why numerous medical practitioners or practice managers make a selection to subcontract the medical workplace billing to an accomplished medical billing establishment. There are numerous benefits for contracting out medical billing. It reserves time and wealth and wipes

Strengthen Your Medical Billing With These Seven Steps

Cash flow is important for the prosperity of every practice management. Achieving the billing process in an appropriate and organized fashion means submitting claims correctly and collecting genuine compensation. There are many ways a medical biller can implement to stay up-to-date on alterations, and guarantee that the claims are billed and operated precisely. The following

A Look Inside Medical Billing and Coding Software

Medical billing and coding software offer solutions for all the billing related needs in a hospital. This software can be used to handle all medical insurance billing services that include all the billing needs of the physician. It can also be used to submit claims, bill the patients, to follow up with the rejected claims

Training Centers started Medical Billing Programs on ICD 10 Codes

There have been much advancement in the healthcare sector and the latest one is the introduction of ICD 10 codes. Now, ICD 10 implementation is not an easy task, mainly because it requires training. However, the medical billing program of some of the firms has come up with training in ICD 10 codes. One of