In the beginning of 2019, reimbursement would be determined in part based on their performance in the MIPS. Medicare will favor those eligible groups and clinicians who will report that they have met certain criteria for Advancing Care Information, Quality, and clinical practice improvement activities. MIPS will continue to audit the data that is submitted … Read moreWhy you need to Prepare for MIPS Performance Data Audit
More and more physicians are going for outsourcing their medical billing requirements. As per a recently released survey by Grand View Research, this growing demand will result in a rapid increase of medical billing outsourcing market. This means, it will surpass the demand of in-house billing. This information somewhat echoes research conducted in … Read moreWhy is it a good time to outsource your Medical Billing Practice
Healthcare systems are convinced that there is nothing they can do about revenue cycle management. For medical practice, every dollar is critical for their overall vitality and success. The crucial question to address here is whether to outsource or perform the process in-house? There are several myths prevalent within medical billing industry. The most prevalent … Read more4 Startling Facts about In house Patient Collections
Healthcare has witnessed biggest shifts in their general practices recently. These changes are coming fast and hard due to which most nimble organizations are not able to steer them without much disturbance. Many healthcare organizations are finding themselves struggling in managing their revenue cycle management. Undoubtedly, patient health is the pinnacle of your vision but … Read more3 Indications you need to transform your hospital Revenue Cycle
Bad debts are emerging as a crucial issue for healthcare. According to American’s Health Insurance Plans, around 15.5 million individuals are enrolled in high-deductible strategy, with 15% annual growth rate in the past years. Healthcare is investing their resources and time for contacting patients and attempting to fix the outstanding balances. Rather than focusing on … Read moreWhy Self service patient portal are Must
It’s crucial to know how the landscape of medical billing software is evolving. What are the new features? What’s out there? How best practices are meeting organizational needs to overcome medical billing solutions. Access via Mobile Mobile medical billing has got a lot of appeals. It streamlines paperwork, keeps professionals away from the desktop, and … Read moreTop 5 Trends in Medical Billing Software
Well, it obvious that medical practitioners know the importance of denied claims and know your billing team are maintaining follow up chain. One crucial element to address is whether you have arranged your AR into bucket on the basis of unpaid days. Are you reviewing medical practice AR aging report? A detailed AR report that … Read moreWhy reviewing your medical Practice’s AR Aging reports is important
One of the core processes of health care practitioner is Revenue Cycle Management. You need to turn around your medical practice to make revenue. Even though your patients are your first priority but maintaining flow with the changing rules and regulations can become a nightmare. This even lead to loss of revenue when claims are … Read more3 Ways to Protect burnout from your team
Quality data and quality measurement reporting are crucial part of Medicare programs. Physicians Quality Reporting System (PQRS) comes under such reporting to meet the quality performance standards. PQRS can boost the individual EPs and group practices in order to report quality care to Medicare. They offer EPs and group practices with a chance to … Read moreKnow How to Save Money on Medicare Payments
Healthcare pace is continuously accelerating. Medical providers are looking at new technology solution to manage populations, achieve success in value based care and comply with federal requirements. However, implementing new technology comes with it’s own set of challenges, usually within a complex organization. Indeed every project and organization is different but some general best practices … Read more4 Practices you must Include In your Next Generation Implementation