Medical Billing & Credentialing News

  Achieving Revenue Cycle Optimization The healthcare industry is changing rapidly, creating a host of challenges for healthcare providers.  Cutbacks in reimbursements , bad debt and regulatory reforms all affect a provider’s revenue. Moreover, the failure to recognize claim submission mistakes heightens the risk of inadequate reimbursement and even nonpayment. While concentrating on ever-pressing needs,  it’s difficult for providers to spot opportunities to boost revenue.  Providers must rely on their staffs to manage the office efficiently while they focus on patient care. However, growing government directives, adjustments in coding standards and  medical billing  concerns often make it tough for staff to remain engaged. The answer: A revenue optimization plan will usher in a demonstrated method for increasing revenue and applying best practices to boost profits while updating practice processes.   To realize revenue cycle optimization, it’s es...

Outsourced Medical Billing Saves Healthcare Practices Money A rather bold statement. We’re so sure that we will save your healthcare practice money, we feel quite confident in asserting this claim in our headline. Where is it written that your healthcare practice has to conduct billing services in-house? Fact is, outsourcing  medical billing  can be extremely beneficial for healthcare practices, no matter the size or medical specialty. Medical Billing Background Due to insurance industry inconsistencies and constantly changing regulations, medical billing has become more and more complex. In order for healthcare providers to realize a truly functioning cash flow , these complexities must be navigated in a well-timed and efficient fashion . Inadequately trained staff, inept methods of billing and consistent updates to medical billing software can lead to mistakes and delays that will wreak havoc on a healthcare provider’s revenue stream.  Medical facilities simply cannot l...

  Common Revenue Cycle Management Mistakes Is Your Revenue Cycle Management in Top-Notch Condition? Let’s face it, we all make mistakes, even as veterans in  revenue cycle management . Sometimes, though, our biggest mistakes are the ones right under our noses – the ones we simply don’t identify as mistakes because we’ve been making them for so long. Plenty has changed in the revenue cycle. With the deployment of ICD-10, the arrival of accountable care, the growing volume of patient self-pay and the changing payment habits of those patients, we need to continuously upgrade our revenue cycle processes to accommodate these changes.  We’d like to share with you what has been recognized as progress-halting revenue cycle mistakes you may be making presently and how to fix them. You Rely on Current Staffing Levels to Handle the Increased Volume of A/R Activity We know how challenging it is to find the right people with the right skills to keep your revenue cycle humming. There a...