Technology is considered to be driving force behind improvements in the health care system. Health informatics agree that research and treatments allow medical providers to use new tools and find innovative ways to practice medicine into the future. One of…
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Watch out “Bundling”: Maximize profits through Revenue Cycle
It is not easy as it used to be to manage the financial aspect of any healthcare practices. The providers have to face complex challenges as day to day the Government is changing the rules and regulations. Anyone who is…
New Medicare Cards may affect your Billing process!!
Most medical providers genuinely serve to improve their patients’ health. Fraud in healthcare system is identical to any other industry and some fraudsters take precedence to unjustly profit. Healthcare crooks include patients, payers, employers, vendors, suppliers, and providers. Orderly crime…
Posted in Revenue Cycle Management Tagged with: medical billing, Medicare Cards, revenue cycle management
Managing Denial: Proven techniques that get claims paid
“The best defense is a good offense” a precept that has been applied in various fields. You have to be attentive when filing claims to insurance to achieve the max first pass acceptance ratio. Your perception that everything was submitted…
The Deadly Consequences: Forgiving Patient’s Responsibility
Sometime back prior to 1940s, most of the people in the United States paid their own medical bills. It was a “Direct Pay” where people were treated and cared for in their homes and were expected to pay for that…
Posted in ICD-10, Practice Management solutions, Revenue Cycle Management Tagged with: Collection Management, medical billing, Revenue Cycle Enhancement, soft collection
Estimate Patient Expected Out-of-Pocket Responsibility
It’s nearly 75% of provider organizations bad debt are reported from outstanding patient balances. Thanks to the Affordable Care Act plans, high deductible and larger co-pay’s continues to soar patient financial responsibilities. Ground Reality: A larger portion of patient’s walks…
Posted in Practice Management solutions Tagged with: Estimator Analyzer, Out-of-Pocket Responsibility, Patient Payment Estimator
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