The growing panic among the US citizens over the Ebola virus has become the recent buzz in the country. The US Centers for Disease Control and Prevention (CDC, Atlanta) has estimated that by August 2014, approximately 68 Ebola scares were handled by US healthcare facilities and state labs. The numbers have doubled and tripled in the months of September and October. The latest news is that the deadly virus could reach Britain and France by the end of this month (October). The approximate number of people infected so far by this rapidly spreading virus is 7,200. Let us take a look at when and where it all started and how scientists and healthcare workers are struggling to contain a full-fledged outbreak: Continue reading “Ebola Scare in the US!”
Why is India a Better Offshore Destination?
Lately, outsourcing medical billing has become a common practice in the US healthcare domain. To streamline the medical billing activities of a customer, US medical billing companies partner with offshore medical billing companies located in various countries, including India. Continue reading “Why is India a Better Offshore Destination?”
It is Insurance Eligibility Verification time!
The effort taken by most healthcare entities in minimizing claim denials has become remarkable in the recent times. They pay more attention in documenting patient demographics, entering ICD & CPT codes, updating current charges, performing regular AR follow-up and more. However, their claims still get denied by the Payer. Continue reading “It is Insurance Eligibility Verification time!”
Pros and Cons of Offshore Medical Billing
We all know that Healthcare Providers are trying their best to sustain their practice, especially after the new healthcare reforms. It is the same scenario with US based healthcare outsourcing companies as well. Since their end-clients are facing the changes, the healthcare outsourcing companies also face the same concerns. Continue reading “Pros and Cons of Offshore Medical Billing”
Benefits of ERAs/EFTs
The introduction of ERAs (Electronic Remittance Advice) and EFTs (Electronic Funds Transfer) created a revolutionary change in the healthcare billing domain by replacing traditional, paper-based EOBs (Explanation of Benefits). Continue reading “Benefits of ERAs/EFTs”
How soon can you start saving when using Offshore Medical Billing?
Due to the recent changes in the US healthcare domain, the onus of providing medical billing services with consistent quality has increased for the US based medical billing companies. The offshore medical billing model has become a ‘hard to avoid’ option in recent times. Evidently, many outsourcing medical billing companies in the US consider it a better option than to expand their team of employees. Continue reading “How soon can you start saving when using Offshore Medical Billing?”
EDI Set-up – Save Time and Money!
Working effectively and efficiently is crucial when it comes to performing medical billing functions. Several factors help in the enhancement of medical billing functions of a provider to save money and time. Among them, EDI set-up plays a key role in promoting faster medical claims processing and quicker reimbursements. Continue reading “EDI Set-up – Save Time and Money!”
What is your Claims First-pass Ratio?
Healthcare Facilities, Providers and the US medical billing companies that handle their billing, have faced a lot of complexities during medical claims billing. As they already have too much to handle, adapting to the new changes introduced by the Affordable Care Act is truly burdening. Continue reading “What is your Claims First-pass Ratio?”
Medical Records Indexing
Among the several factors that determine the success of US medical billing companies and Healthcare outsourcing Providers, indexing medical records is one piece that has a great significance. Since it keeps track of key information such as patient demographics, clinical history and medical reports in one place for easy access later, maintaining and securing such medical records is highly imperative. Continue reading “Medical Records Indexing”
ICD-10 Impact on the Revenue Cycle
Right from Healthcare Providers to medical billing companies, everyone in the US is looking forward to one major change, which is the ICD-10 implementation. Though the transition of ICD-10 code sets will come into effect only by 1st October 2014, Healthcare Providers and Facilities and onshore and offshore medical billing companies have already started preparing for the change. Continue reading “ICD-10 Impact on the Revenue Cycle”