Common medical billing issues can derail your cash flow. From missing out on patient information to failure to follow up can wreck your claims and payments. If you want to improve your billing process, here are the 5 mistakes you cannot make.
The time and resources involved in medical billing can make a big difference to a medical practice’s bottom line. Here is a quick 6-step guide to ensure your practice has everything under control for a successful medical billing process:
Radiology is a unique specialty due to the high-volumes and that makes accurate coding a critical factor for the bottom line. While your radiology staff has to read and interpret an enormous number of medical documents, a professional radiology coding and billing service has the radiology billing and coding knowledge required to assign accurate codes and ensure that the radiology practice makes as much money as possible. If you’re wondering how your radiology bRead More
As a medical professional or practice, your patients should remain your primary concern. But the financial health of your own practice is important to ensure the highest quality of service to your patients. Here are some reasons why an increasing number of practices are moving to outsourced professional medical billing and coding to improve their practice’s bottom lines.
Specialization matters and no one can understand this better than healthcare providers. Would you perform a surgery on yourself? Then why you would you run your medical billing and coding in-house? Most radiology practices are hiring professional medical billing companies for medical billing and revenue management. Here are the top three reasons why.
When you are a podiatrist dealing with a holding up room with patients suffering from ankle sprains, diabetic ulcers, tissue wounds in the feet and more, training your staff and keeping track of EMR prerequisites can be a huge challenge. What a podiatrist needs in such cases is a professional medical billing and coding company that has the right expertise and experience. A professional medical billing, EMR and practice management company can help you with the folRead More
With significant declines in reimbursements, rapidly changing payment models and interoperability initiatives all coming to a head under the Merit based Incentive Payment Systems (MIPS); one of two values-based reimbursement models under the Medicare and Access and CHIP Reauthorization Act of 2015 (MACRA). It is important to consider, "How is MACRA and MIPS affecting Radiologists?" Radiologists must now look for new ways to better their health systems in order tRead More
A recent survey by Capitol One Spark Business shows that cash flow and reimbursement are their top concerns. It is the waiting for payment that is the most painful. The results of the survey show: 69% cited cash flow and reimbursement as top concerns 71% described this concern as moderate to very severe pain in waiting for the payment of medical services. 40% of physicians are forced to charge their practices’ larger expenses. The members of this sRead More
Hydration is the replacement of essential fluids by means of IV infusion consisting of prepackaged fluids and electrolytes. The services for hydration can be coded by using CPT codes 96360 (for the initialRead More