Denials are among one of the biggest issues faced by the medical world right now. Claim denial has been described as the “refusal of an insurance company or carrier to honor a request by an individual (or his or her provider) to pay for health care services obtained from a healthcare professional. The rate of … Read moreHOW TO FIX CLAIM DENIALS
Physicians suffer a lot due to declining reimbursement which is a direct result of an error in medical billing. The average that healthcare industry loses every year because of mistakes in billing is not clear but it is very evident that the money at stake is staggering high. To be able to manage the finances … Read moreHOW TO FIX COMMON BILLING MISTAKES
The old saying, “Jack of all trades, Master of none”, is being celebrated as a much sought after quality in young businessmen today. But when it comes to medical practitioners this quality is not supposed to be admired. Doctors have a responsibility towards the society and any mistake in the diagnosis/treatment can cost someone’s life. … Read moreSimple Ways To Reduce The Administrative Burden In A Practice
Healthcare industry is undergoing massive change due to political and regulatory modifications. It is becoming increasingly difficult to operate a healthcare business because of its complexity and the profit margins are becoming narrower each day. The modern healthcare flourishes on enhanced technology of health and management which helps these organizations in improving its efficiency. But … Read moreKeys To Successful Implementation Of Any Healthcare Technology
Healthcare providers are moving forward in a swift pace to improve everything from their services to the finances. The advanced technology has simplified their task to a great extent. It has changed the way of practice, diagnose and usage of equipments, which is truly revolutionary. Rapidly developing medical technology has changed the way healthcare is … Read moreHealthcare Technology Continuum & Care Environment
Electronic health record (EHR) maintains the health information of a patient electronically. It provides higher quality accurate data along with safer care for the patient. EHR also enhances the quality of management for the health organisation (or provider) which results in better health care. The patient records become accessible and more coordinated. The patient data … Read moreGet Optimum Value From Electronic Health Records
Any business requires an ample amount of cash flow in order to maintain their budget, expenses and other investments. No matter what is the nature of business, one needs to know the approx amount of money that is going to come in terms of cash. Similarly, practitioners need to treat their medical practice as a … Read moreWhy Medical Practitioners Must Record Inflow Monthly
Many practitioners struggle with the question whether or not they should outsource their medical billing. On the surface it makes sense to hand it over this responsibility to an outsourced company since they are expert in it. But is it really that simple? Of course, not. The medical billing is a lengthy, complicated procedure. Before … Read moreQuestions To Ask Before Having A Medical Billing Company On Board
Medical service providers need to be organised in order to improve their financial performance. They need to identify and implement revenue, efficiency and business opportunities to help control costs with Medical Practice Management Services. Since medical claim reimbursement is always declining, running a medical practice has become a tricky business. You need to keep a … Read morePractice Management Hacks You Must Follow
Filing the medical claim might take longer than desired if it’s not done appropriately. If there is an inconsistency in collecting your outstanding payment then you need to reconsider the process of your medical claim submission. It is a daunting task to recover your payment from denied claims which costs both time and money. Despite … Read moreHow To Speed Up Medical Claim Payments