If you have recently outsourced your medical billing, or looking forward to outsourcing it in the near future, there are many important questions that must be asked. Not only is it important to choose a reliable, reputable, and effective billing company, but if the wrong billing company is chosen, it could have a severely negative…
If you are or have been associated with a healthcare organization, you must have realized the enormous amount of activities that are executed on a day-to-day basis. In fact, medical practitioners who offer healthcare services individually and not directly linked to a hospital or nursing home, will best understand the situation. The need to manage…
Managing money is a daunting task and the fact is applicable as much for companies as it is for individuals. Just like the various other fields of work and operation, the medical or healthcare sector, too, has an immense responsibility of managing huge amounts of revenue generated on a day-to-day basis. In fact, on a…
The development of the healthcare sector is important not just for all our well-being, but also for the need to keep up with the pace of technological development. The impact of computers and Information Technology has been significant in every sector. The healthcare industry has grown in every aspect from advanced medicines to technology. The…
With every business activity managed better and more efficiently on the cloud, the healthcare sector is certainly no exception. As such, certain healthcare management service providers have emerged over the time, helping the different organizations to serve the patients better in terms of pediatric medical billing, placement of claims and so on. If you are associated…
A challenge in the US Healthcare system is that there are patients that seek care, providers/physicians that want to provide quality care and receive appropriate payments for helping patients with their care and payers that establish the payment rules and want to minimize payments to providers. Payers include commercial payers (e.g. Aetna, Cigna, United, Blue…
Medical billing needs to be completed for each medical practice and the revenue cycle management process requires training, specialized skills, time and focus. Most physicians and office managers have multiple duties per day to manage that provide higher value to their practice than chasing down medical claims. High value activities for Medical Offices include strong…
Since aspects of the HITECH act started in 2009, the US Healthcare system experienced significant consolidation of independent medical practices into the Hospital Systems and/or Integrated Delivery Networks (IDNs). The incentives for our Healthcare system promote large IDNs. Once a practice system obtains a certain size, the system leverages their negotiation power to obtain higher…
It is hard to believe that it has been over one year since the United States medical system migrated from ICD9 to ICD10 Diagnosis codes. On October 1st, 2015, the new standard for diagnosis codes, ICD10, was implemented in E.H.R. systems, Medical Billing Systems, Practice Management Systems, Clearing houses and Insurance Companies. Physician Offices and…
The revenue cycle (more commonly known as medical billing) is a complicated and important aspect of any Medical practice. Patients rely on Health Insurance to pay for some of the cost of Health care. Although most patients have health insurance few understand the details of their policy. Health insurance plans have a range of coverages…
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