Medical billing and Revenue Cycle Management (RCM) is a huge process that is crucial for both clinics and independent medical service providers. nnTo assist with this task many Medical Billing firms have come into existence that allow healthcare professionals to outsource their task of RCM.nnSome may argue that outsourcing medical billing might be a risk, however,...
Tag: medical billing
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5 Reasons Why Payment Posting Is Necessary For Medical Billing Process
Payment posting plays an essential role in the medical billing process. You can use it to assess your revenue cycle management system and discover ways to improve your revenue stream.nnPayment posting may sound like a very basic task. But, one mistake can cause many problems, like denied claims, late payments, etc., which can be troublesome...
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Improve Optometry Billing Collections In 6 Easy Steps
The growth and prosperity of an optometric practice depend on continuous revenue flow. A successful business is one that focuses on growing revenue while providing outstanding customer experiences. In healthcare, patients are customers.nnIt can be overwhelming to deal with Optometry Billing Collections. The hassles associated with optometry billing can often lead to errors or delays. nnA...
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Top 6 Deadly Dental Billing Mistakes
It is nothing as bad as someone coming into your life and telling you that you are doing everything wrong.nnIn most cases, such a statement is nothing less than fact. It doesn’t mean that you always do wrong things. Dental billing can be considered as one of every dental practices’ nightmare.nnAs electronic technology has revolutionized...
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Why Is A/R Follow-Up Crucial In Medical Billing?
With the rise in the number of services provided by physicians and hospitals, it is important to recover overdue payments from the insurance companies easily and on time. This is when accounts receivable (A/R) comes into the picture.n Why A/R Is Important For Healthcare Services? nIn the healthcare industry, the accounts receivable follow-up team is...
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7 Tips For Refining Your Medical Coding Productivity And Efficiency
In today’s evolving market, productivity and results are the main drivers of healthcare operational and financial organizations.nnWith the rapid increase in Artificial intelligence and national language processing, it is important for coding professionals to remain competitive and equipped with the latest strategies to increase productivity and accuracy.nnWell, a question might be bugging your mind and...
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In-House vs. Outsource Medical Billing – Which One Is Best?
It has always been a discussion or debate on whether medical bills should be outsourced or kept in-house. To be fair, this is not a hard and fast rule.nnIt depends on the dynamics and visions of organizations. It also differs from practice to practice based on multiple factors: age of the business, size of clinical...
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How To Overcome Challenges In Medical Claims Processing?
Risk has become an inherent part of the healthcare service industry as a small change can ruin your practice reputation and revenue which can eventually lead to failure. nnAt the healthcare business, managing thousands of medical claims can be a daunting task for healthcare providers because each claim requires a diverse approach and standard procedures on...
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How To Choose The Right Medical Billing Solution For Your Practice?
Are you really working to boost your financial performance through a better healthcare billing process this year? If this is the case, you won’t have to do the work on your goals all alone. nnAdministrative hustle in medical billing needs a lot of paperwork and also devoting time and attention from more clinically important activities of...
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How To Maximize Your Medical Billing Collections and Revenue?
Medical billing collections are an integral part of the healthcare process. Never before has there been a time so critical for U.S. healthcare professionals to ensure that they follow the best practice procedures in respect of billing and payment.nnOn a daily basis, providers face challenges in collecting payments from insurers and patients, this is mainly...