Meeting the needs of 21st Century Healthcare Providers
If you have heard about ICD-11 being released in May 2018, you may be wondering if it is worth the planning, time and expense, especially if you are still working the kinks out the current system’s processes and procedures. Considering the time it took to integrate the last system iteration, it may be too soon... Read More →
Ways to Improve Your Revenue Cycle Management
How to Effectively Boost Your Practice’s Revenue Cycle Management While you might love being a physical therapist, you may not be so enthused about the medical billing aspect of the job. Specifically, it could be revenue cycle management that’s giving you and your staff fits. You and all other physical therapy offices are in luck,... Read More →
Medical Billing Issues That are Affecting Your Practice Revenue
Billing and revenue cycle management are the backbone of any medical practice, yet they are also the bane of most practice owners’ existence. Billing and coding require countless hours, tedious computer work and ongoing education. As a result, it also requires a lot of resources (i.e. money). For this reason, it’s important that claims are... Read More →
Revenue Cycle Management-Medical Billing Outsourcing
5 Tips to Increase Revenue Through Better Coding Practices The medical billing department is at the foundation of your revenue cycle management. The speed and accuracy with which the massive amounts of data are entered can be the difference between smooth claims reimbursement and the loss of thousands of dollars in revenue. Although the coders... Read More →
5 Tips for Revenue Cycle Management for 2018
As a professional in the healthcare industry, you know firsthand just how complicated managing claims, dealing with patient insurance, and getting bills out on time can be. Are you tired of the miscommunications, the stress of chasing down patients, and the long billing cycles? If so, then it sounds like you’re in need of a... Read More →
What Is Medical Billing Consulting and Does It Help?
Working in healthcare has plenty of moving parts to consider if you want things to work in the best way. When it comes to your medical billing system, you want to make sure you focus on accuracy. There’s a good reason to focus on that, too. The estimation is that for every hospital bill over... Read More →
Why Accurate End of Month Reporting Matters to Your Physical Therapy Practice
As a physical therapist, you might not think about managing your finances as much as you need to. However, between managing cash flow, operational costs, and negotiating contracts, doing financial reporting each month can feel like just another thing on your list. And we haven’t even gotten to the patients yet. But, end of month... Read More →
6 Reasons to Consider Outsourcing Medical Billing
Proper patient medical billing has always required a specialized skill set. Increased regulations and seemingly constant insurance changes now complicate it more than ever. Are you looking to increase efficiencies within your medical practice? Would you like to significantly improve patient care? Outsourcing medical billing may be the answer. Outsourcing this critical task should not be... Read More →
5 Reasons to Hire a Medical Billing Consultant
Getting paid quickly and having work done in a smooth, effective manner. This is what every business dreams of, but in an industry as busy and competitive as a medical practice, it sounds too good to be true. If you choose a medical billing consultant for your practice, you’ll love the results. Unlike other administrative... Read More →
Medical Billing Services: How to Reduce Billing Errors For Your Practice
Correct billing has become a serious problem in the American medical industry. Some groups estimate the percentage of errors made by medical billing services at somewhere between 80% to 90%. One audit of American hospitals made a startling find. It found that on average, a $10,000 medical bill contains an erroneous $1,300 of undue charges.... Read More →