Blog on Medical Billing, Billing Outsourcing and Healthcare Billing
Charge Entry is a very important and key step in the Medical Billing Cycle, it is vital that this scope of services is handled by engaging experts who are current with the payor fee schedule for the service rendered. Charge Entry process should be an essential part of everyday billing for increased reimbursement. Let’s discuss how to Optimize Charge Entry to attain targeted financial results.
Continue reading “How to Optimize Charge Entry Process for Maximum Benefits?”
Medical Billing is the backbone of the Healthcare, Hospitals and Medical Groups. While patient care, treatment, procedures and patient satisfaction may look like the prime functions, Medical Billing is the core backend process that focuses on the financial goal of the business. Unfortunately, with the daily patient flow and lack of time management, most often billing process takes a back seat. Not managing the Medical billing requirements within the standard turnaround time (TAT) can take a toll, however, Continue reading “Why Do You Need Medical Billing Outsourcing Company?”
Maximum collection or collecting all due reimbursement is the fundamental requirement expected from any billing services irrespective of whether it is done In-house or Outsourced. Continue reading “Valid Reasons to Get Third Party Medical Billing Solutions”
Radiology billing with its own nuances of procedures involved can be complex requiring in-depth knowledge and understanding of the Diagnostic and Imaging procedural coding and billing services. With the complexities of processing Radiology Billing, denial percentages have always been uncontrollable affecting the bottom line of the Medical Practice and Billing Company. Continue reading “Understanding The Complexity Of Radiology Billing Services”
2021 has been a year of turbulence for almost all sectors including the medical industry. Within Healthcare many specialty-based practices and medical groups sustained unexpected falls in patient visits affecting economic conditions. Ambulatory Surgical Centers (ASC) got affected drastically during COVID 19 and the pandemic. Continue reading “Understand Current Trends in Ambulatory Practices”
The complexities involved in Anesthesia Billing are as plain as pikestaff due to its intricacy of procedures and billing done based on units and time. Handling billing and coding for such complicated procedures can mean laborious and time taking, which by itself becomes a challenging specialty to be handled for Medical Billing and Coding. Continue reading “Top Challenges Associated with Anesthesia Medical Billing”
Dental Billing and Coding can vary compared to billing for other medical specialties. Dental practices should have a strong Billing and Coding Strategy to ensure ceaseless cash flow. Staff handling Dental claims are obligated to be adept with Billing and Coding to process quality claims reflecting maximum reimbursement and increased collections. Continue reading “How Does Dental Billing Outsourcing Increase Your Billing Collection Rate?”
As the name goes, “Third Party in Medical Billing” refers to the company that renders Billing Services to the provider, medical group, hospital or even a Billing Company. When the billing services are not handled by In-house staff of billers and coders and an outside staff is engaged to handle the same, then it is called Third Party Billing or Outsourced Billing. Continue reading “What Is Third Party Billing In Medical Billing?”
Out of Network Billing has always been complex and challenging for all the parties involved: patient, provider and the billing team. While it goes as a surprise bill to the patient most of the time affecting them financially and mentally. For Providers, it can mean additional expense follow-up with patients and insurance for getting the payments for the services done.
Continue reading “Most Common Out-of-Network Ambulatory Surgery Center Myths”
Revenue Cycle Management ( RCM ) or Medical Billing has also been a complex process to handle, the current pandemic situation and the global economic downfall have added to the complexity making it furthermore demanding and laborious. This intricate nature of the Medical Billing Process has caused an alarm to work towards a strategical method to elevate the effectiveness and ensure business standards and revenue goals are met.
Continue reading “9 Strategies for Effective Revenue Cycle Management (RCM) in Medical Billing”