The overall productivity and repute of the medical practice are generally based on the flow medical billing process and its unified skill to perform functions accurately. Healthcare automation solutions are a critical factor towards realizing optimum medical billing workflows and staying ahead in the game. Here is the list of medical billing guidelines that can […]
Turning claims into cash is the life blood of a number of professional or businessman, especially the medical practice. The billing error is one of the significant causes that reduce the chances of reimbursement. So, it is important to get this medical billing operation right. Medical Billing Automation is an effective software bot to perform […]
According to a recent study, about 30 % of adults have a medical problem or have a hard time keeping up with their cumbersome medical bills. It suggests that something needs to be done to perk up patient collections. Physicians and practice owners are already taking drastic measures in anticipation of easing the undecided dilemma. […]
Medical Billing Collections are the most important sector of the health care system. To make it easier for the providers to keep their earnings steady, some effective strategies can be suggested to maximize the collections. Here are the 5 strategies to maximize the collection of medical billing: The process of Transparent Collection needs to be […]
Today’s health care is no longer considered as medical care, it has now become a corporate business. However, having enough resources out of patients, clinics, along with handling data, is not an easy task. Getting more people on board could mean more cash depletion and that’s certainly not good for the businesses. Though there are […]
Let’s take a closer look at why we bill for medical purpose. Going to the doctor may seem like a simple interaction between a patient and a doctor, but in truth, it is only a fragment of the big and complex system of information and payment. While the insured patient may have direct contact and […]
Insurance companies have set up networks in most of the major cities, these consist of the hospital, physicians, and subsidiary providers who agree to sign a contract to accept the “reasonable” amount as payment in full for a given service. So, understanding medical billing is significant. Every insurance company has its definition of reasonable, so […]
Ambulatory medical billing and coding are not the same as other inpatient billing and coding services. This is because the health services are provided through hospitals or Ambulatory Surgical Centers (ASC) at an outside location. For this purpose, the government has made strict guidelines and regulations through the healthcare program. Let’s take a look at […]
The healthcare system has drastically changed and now, especially in the US. The provider now no longer bears the burden of financial responsibility. The liability now shifted more towards the patients. Furthermore, with the high deductible policies and the yearly escalation of the number of co-pays and insurance, the out-of-pocket expense for the patients has […]
Though the data paint a dismal picture of the financial status of the health care practice industry, there is always hope for this industry. To moderate the financial issues and the risks of compliance the practices are getting a more practical approach to their billing procedures. By holding back, the problems before they take place […]
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