Complying with HIPAA can be an unnerving for medical providers, especially when their failure complies leads to fines way up to $50,000 or more per violation. According to HHS’ Office of Civil rights, private practices require most corrective actions to enforce HIPAA. Another problem is hospitals, outpatient facilities, health plans and pharmacies … Read more10 Best Practices to Keep Medical Staff HIPAA Compliant
According to a survey, better performing medical groups have just 4.05% claim denial rate. Is your practice facing more than four percent denial rate? Input oversights, manual errors and timing issues results for more denials than any other factor. Here are 5 tips to avoid common mistakes resulting in claim denials: Timely filing Denials These … Read more4 Tips to Avoid Common Mistakes Resulting in Claim Denials
Are you struggling to maximize the efficiency of your billing process. There are various types of medical billing software which makes choosing the right software challenging. Medical billing software costs high which makes trial versions crucial before investing on it. You need to focus on the below given billing software features: Revenue Management Medical software … Read moreComprehensive guide to Medical Billing Software
Are you experiencing numerous claim denials? Medical healthcare can increase the chances of higher reimbursement by knowing the reason behind denied claim and taking necessary steps to prevent these errors. Let’ see the top 6 reasons behind claim denials: Duplicate Claims Medical practices and hospitals plays huge part in generating duplicate claims that results in … Read moreTop 6 reasons behind claim Denials
In January 2017, Donald Trump signed execution policy against the ACA ( Affordable Care Act). ACA was most significant regulatory overhaul implemented by Obamacare. The execution order of president trump strives towards minimizing regulatory and economic burdens of ACA by replacement plan. It’s crucial to know the below discussed things prior to implementation of … Read more3 Crucial Things you Need to Know About Trump’s Execution Policy
Facing sky-high bills or mistakes and delay in the insurance processing? Introduction of new reforms causes havoc on medical billing. Even before ACA began into effect, bringing MACRA into picture added to the growing share of risk. In the changing climate, physicians are striving towards managing revenue differently to ensure delivered value is paid appropriately … Read moreWays in which Medical Bills Affect your Reimbursement
Earlier physicians use to rely on single office manager to perform coding and billing along with overseeing operations. Practitioners are under large amount of scrutiny by payers and auditors, required for highly specialized healthcare knowledge. Blended with EHR implementations, ACA and transition to ICD-10 results in struggling to stay in the market. Many practices have … Read moreWays in which Certified Coder Enhances your Revenue
The Merit-Based Incentive Payment System determines the Medicare payment adjustments. There are four categories which contributes to annual MIPS final score. Quality (60%) Physicians have to report on more than 6 quality for minimum 90 days including outcome measure. Groups leveraging web interface have to report 15 quality measure in one complete year. Advancing Care … Read more4 Facts that every physician should know about MACRA
Medphine had an exciting time in the month of February, as we celebrated our 3rd year anniversary. This day marks a crucial milestone for Medphine. We have covered a long way of excellence with dedicated professional, from our modest beginning. Since our inception, we have focused on promoting best practice and highest standard in healthcare … Read moreA Celebration of Excellence and Innovation
A well planned VMV is crucial for strategic direction of a company. Without having strong foundation of values illustrated through vision, it gets difficult for an organization to ensure a constant growth. An organization can’t distinguish, identify or explain itself to its customers and employees without having a powerful VMV. The basic features that … Read moreMedphine’s Growth Aligned with VMV