Blog on Medical Billing, Billing Outsourcing and Healthcare Billing
COVID-19 pandemic has been a global crisis distressing the survival of every business; Healthcare and Medical Billing Services being the vanguard have been equally affected. Almost 97% of the US healthcare care industry including physicians, practices, hospitals, medical groups and medical billing companies have endured challenges to sustain the pandemic disruption.
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Billing and collection can be two of the greatest pain points of owning a dental practice. Billing collections are impeded by billing statements, managing with past-due payment and making better approaches to get paid on time. Ultimately you cannot run any practice without benefit The challenges with Dental billing are involve more complexity and require auxiliary support. That is the reason, outsourcing dental billing is profitable. Keep perusing to know how outsourcing can improve your dental billing and collection process.
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As electronic innovation keeps on changing the manner in which dental practices work together improving the cycle for recording and following patient health stays an essential challenge. Dealing with their dental billing and coding processes and getting paid is another. In the present healthcare industry, dental specialists face different difficulties because of time limitations. This affects dental billing, which is principal to the presence of any dental practice. In the event that claims are not submitted on schedule, practices don’t get paid for the services provided. Disrupted income brings about the failure of providers to get new innovation roll out vital improvements to enhance patient satisfaction.
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Revenue cycle management is a step by step process engaging multiple parties in each step and working towards submitting cleaner claims to ensure maximized reimbursement. To increase billing and financial efficiency, a perfect work strategy, an experienced billing and coding team and well-equipped infrastructure are mandatory. Outsourcing to a well-established medical billing service partner provides a one-stop solution for all your Billing and Coding needs.
Continue reading “6 Common Myths about Outsourcing Revenue Cycle Management”
Outsourcing Medical Billing is no more a newfangled method. Many billing companies in the US are well-informed and knowledgeable of the benefits of outsourcing Medical Billing Services to India and have started implementing it as a tool to acquire broader business benefits. Outsourcing has not only emerged as a cost-cutting savior for many companies but it also aids spruce up bottom lines.
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Physician Credentialing Service is a cumbersome process which requires us to gather a large amount of information regarding a healthcare professional with a holistic approach to deduce the authenticity of the information prior to submitting it to the concerned parties for processing. An efficient Credentialing process will shed light on a variety of underlying items about a healthcare professional’s history.
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Medical coding is the most arduous and delicate process within the entire revenue cycle management. Overlooking or disregarding even trivial diagnosis and procedures can lead to claim denials or delays. Therefore it is an avowed verity that medical coding requires certified and skilled coders to ensure efficient coding. However, deciding whether to handle your coding in-house or outsource needs considerate analysis of the benefits and drawbacks of both in-house and outsourced medical coding. It also requires you to understand the complexities involved in medical coding process.
Continue reading “Things to Expect While Outsourcing Your Medical Coding Services To An Offshore Company.”
Cardiology billing is said to be the grim affair unlike handling other specialty. Cardiology billing includes various procedures, which makes the billing service intricate as it requires the coders to check out the various procedures handled and coding the billable services depending upon the place of service. Cardiology billing and coding requires the most experienced and skilled staff who are current with the recent updates of cardiology billing guidelines, code specific rules and compliance standards. Even the slightest mar might result in claim denials and loss of revenue. Let us have a look on the tips from Cardiology billing experts on increasing your billing efficiency.
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COVID 19 pandemic attack has been precipitous and has affected almost all sectors, healthcare organizations and medical billing companies being in the vanguard during this travail state are most vulnerable. Physicians fighting at the forefront disposing themselves to the death-dealing coronavirus and working extended hours, the billing companies are struggling to get accustomed to the new billing and coding guidelines, altered insurance policy guidelines, and CMS rules and regulations, etc. COVID 19 has put the entire medical billing business into a stressful situation and keeping the business afloat has become a challenge. However, following some simple steps will prevent your business and the revenue loss substantially.
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In a drive to assist the hospitals, practices, and physicians to grapple the pandemic sequel, The Center for Medicare and Medicaid Services (CMS) has been introducing various initiatives and waivers since the onset of Covid-19 viral attack. Earlier on March 30, 2020, an initiative called “Hospitals without walls” was announced by CMS as an effort to address the surging number of Covid-19 positive cases. According to this program, Ambulatory Surgery Center’s (ASC) roles have been expanded to assist hospitals by contracting or leasing their space to the local healthcare systems or hospitals. However, the contract and agreement need to abide and be consistent with the state regulatory law and licensing.
Continue reading “COVID-19 Update – Ambulatory Surgery Centers and CMS”