Physicians and healthcare facilities are continuously battling decreasing reimbursement rates from insurance companies and rising operational costs. All these factors make medical billing critical for a physician or a healthcare practice. While some practices keep the billing process in-house, an increasing number of practices are outsourcing the medical billing to a company that has expertise in medical coding and billing. Here are 3 reasons why outsou
Read MoreMany persistent medical billing and revenue cycle issues are detrimental to a medical practice’s bottom line. Most in-house billing staff simply reacts to problems instead of proactively preventing them. However, if your billing staff’s focus is on fighting urgent issues, they may be unable to identify the source of these issues. This would prevent building an efficient revenue cycle management system. From processing first time claims to denial man
Read MoreThe financial health of your medical practice depends upon the doctors, nurses, other staff and your image as a leading healthcare practice. Good practice management also needs to take into account whether there is any money drain due to scheduling issues, unpaid claims, or ineffective technology solutions. Unfortunately, a large number of medical bills contain errors. You obviously want to keep them away from your practice. Billing errors can cost you a great de
Read MoreA medical practice that doesn’t understand the degree of patient engagement and satisfaction will not be able to reproduce the positive experience and improve their practice. Here are 4 great ideas to make it easier for you to measure your practice’s patient engagement.
Ambulatory Surgery Centers (ASCs) or outpatient surgery centers provide same-day surgical care. This may include diagnostic and preventive procedures. However, ASCs may face problems related to physician reimbursement and accurate pain management billing. Staying viable can pose a challenge to ambulatory surgery centers. If you run an ASC and want to stay competitive and profitable, you need to overcome in-house billing challenges while staying compliant in the c
Read MoreIf you are a physician who runs a medical practice, you certainly understand the importance of medical billing in your business. Patient care is your number one priority but it could be comprised with in-house medical billing. This is why medical billing services are imperative.
Radiologists and radiology practices are a critical component in medical diagnosis and treatment. In other words, radiology findings can save lives. Unfortunately, despite efforts, radiology report documentation does not adhere to a fixed standard. This may make analysis of incidental findings quite difficult. To solve this problem, radiology practices need an integrated clinical analytics system, that can achieve the following –
The use of online health information exchange systems is transforming the way healthcare providers operate. Everyone benefits from using shared information and this is easily accessed by healthcare employees but, it has a built-in safety to protect security. It is very important that everyone who is involved in a patient’s care has access to the same information and this eliminates potential mistakes. It also ensures that everyone is informed as to the latest test
Read MoreHealthcare practices that submit incorrect or inaccurate claims may face allegations of fraud. This can result in penalty and loss of reputation. Fraud may not always be intentional. Incorrect billing by untrained and inexperienced billing staff runs the risk of fraud. To ensure your practice files correct claims, here is what you can do.
If you are considering changing your patient record systems as you have the desire to have everything electronically based going forward, it is useful to understand the advantages of electronic medical records. There are potentially too many to list but, one main benefit is that it is easy to gain access to required information for patients but also, for other healthcare providers. Think of it as an easy to read a traditional medical chart and it contains every aspe
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