Hiring a medical billing company is essential for any healthcare provider. It helps them focus on healthcare services. Instead of working on billing and accounting, they can focus on serving the patients. It greatly reduces the burden of processing daily billings, insurance, collections, and administrative tasks. Outsourcing medical billing activities are advantageous for medium and large-scale organizations. It is vital to know the answers on how tRead More
Coders and billers are amongst the top-most career choices and highly valuable service areas in the healthcare industry. To complete the patient's care cycle, there aren't just the doctors and nurses in the scene. Of course, theirs is a huge role but they aren’t the only ones who are on the go! People working at the backend too have a vital part to play in the institution's successful functioning. If the coding and billing job isn't carried out efficiently, the heRead More
In the modern-day world we search for two things in any system. First, it should be simple to use, it should be efficient in a matter of cost and time, and third, it should be effective. When it comes to finance it is even harder to manage without professional help. So here we will discuss 5 ways Emerald Health Medical BiRead More
Some practices feel that outsourcing their medical billing may result in a loss of control. Here are 5 Ways Professional Medical Billing Service Can Improve Your Bottom Line.
In fact, outsourcing your medical billing and revenue manaRead More
Many medical practices lose a great deal of money to claim denials and rejections. Denials and rejections have a huge financial impact on any practice. Here are 5 Easy Tips to Prevent Claim Denials.
Computerized provider order entry (CPOE) is an application that allows healthcare providers to directly enter medical orders electronically. CPOE systems can allow electronic entry of medication, laboratory, admission, radiology, referral, and procedure orders. Read More
As per one definition, “Blockchain technology uses secure, encrypted authentication mechanisms to validate the information from primary sources and include it in a distributed ledger, ensuring a shared source of truth for validating healthcare provider information.” Blockchain is rapidly impacting healthcare. There are several aspects of healthcare technology that can benefit from the blockchain and become more streamlined, efficienRead More
Medical billing claim denials can significantly slow down cash flow. That is why it’s extremely important to identify the causes of denied claims and prevent them in the future before they occur. Denials can be hard and soft. Hard denials cannot be corrected; they have to be written-off. Soft denials can be corrected and the claim resubmitted.
Healthcare billing involves a large number of people and processes as well as a high level of expertise to make it work well. Not all healthcare providers have the resources to do it efficiently. So let's take a look at How Billing Audits can help you recover Lost Revenue Healthcare billing audits can help you understand where you are going wrong and losing money. Billing audits often show the following.
Healthcare practices and organizations lose billions of dollars in lost revenue each year in the form of unpaid and underpaid medical claims. You do not get paid for around 5 out of every 100 patients you provide services to. As the amounts add up, it delivers a heavy blow to the financial health of your practice. Increasing patient responsibilities and the difficulty in collecting payments are becoming a troubling issue for healthcare providers. It is critical forRead More