HIPAA violations can end up with fines and civil actions which can be pursued by the attorney general. The range of fines for violations differ from $100 and $ 50,000. Most businesses can not bear this much amount of loss per year. For avoiding expensive fines your administrators need to remain updated with the procedures … Read moreHow To Prevent Top 6 HIPAA Violations
Healthcare practices take part in the programme of EHR incentives from the Centre of Medicare and Medical Services (CMS) in order to receive financial reimbursement for all their efforts. The adoption of EHR is to improve the health care delivery and providing a better result to the patients. AMA advocates flexibility in the implementation of … Read moreGet an Overview Of CMS’s New Medicare Payment Reforms
Healthcare industry has been impacted by the several reforms and trends introduced in the reimbursement process. Medicare and Medicaid have taken steps to reduce physicians reimbursement. Under the HIPAA terms and policies requirements for claim data submission have tightened. Government have started putting strong emphasis on abuse and fraud of healthcare to get accurate billing. … Read more4 Effective Methods To Collect Patient Payments For Maximizing Reimbursement
Physicians and patients are suppose to meet few requirements for qualifying for Transitional Care Management (TCM). In case you fail to adhere proper billing practice and documentation, this will prevent you from getting appropriate reimbursement. Outsourcing medical billing and coding is one way to ensure adherence to rules of coding and billing for TCM services … Read moreWant To Ensure an Optimal Payment For TCM Services? Start OUTSOURCING Now!
Medical physician and practices are striving to upgrade and outsource for improving revenue cycle and reduce cost. By opting for outsourcing your billing, you get the advantages of experienced biller and best practices of billing without going through the hectic process of recruitment or managing staff. The decision to outsource impacts the bottom line of … Read more4 Mandatory Things To Ensure When Outsourcing Your Billing Needs
Healthcare industry faced a major change with the transition to ICD-10 and with the implementation of updated EMR/EHR. With the ICD-10 introduction, enormous diagnostic codes were introduced due to which healthcare professionals are facing variety of issues. The new Diagnosis Related Group (DRG) system was amended for integrating new codes for reimbursements in it. This … Read moreThe Best Solutions To the Top 3 New Coding Challenges In ICD-10
Medical physician and practices are opting for new ways for avoiding increasing patient charges, reducing denials and increasing revenue. Some opts for outsourcing the RCM for cost benefit and saving time while other hesitates in going up with this option because of some misconceptions regarding outsourcing RCM. We are debunking the myths regarding outsourcing your … Read more3 Myths About Revenue Cycle Outsourcing And Billing
Medphine has been providing Revenue Cycle Management services to the Healthcare industry industry for over a decade now. The healthcare industry has been evolving at a steady pace, with some big changes being introduced in the last year. As the healthcare industry evolves, so does a medical billing and coding company, in terms of updating … Read moreCelebrating Teamwork at Medphine
Revenue Cycle Management needs to have an apt organizational model, a befitting coding and compliance model, complete knowledge of ICD-10 , transparency and a compact practice management system. Selecting the perfect system for your healthcare practice is crucial to remain competitive and yet not an easy task. Here are three essential things to look … Read more3 Essential Things to Look Out For in The Next Generation Revenue Cycle Management System
Revenue Cycle Management involves improvement in the payer performance, upgrading cash collection and providing feedback to healthcare consumerism. In short, it helps in generating adequate revenue for further investing in future. The healthcare industry has been evolving with the introduction of new reforms and regulations. Therefore, every hospital is scrambling to either improve or maintain … Read more5 Helpful Tips To Optimize Your Revenue Cycle Management