The new year might not be here yet, but it’s quickly approaching, which makes these last few months of 2017 an excellent time to start strategizing for the year to come. It’s never too early to think about improving your … Read More
Did you know that 80% of all medical bills contain mistakes? Even worse, $68 billion in lost healthcare spending can be attributed to medical billing mistakes, according to Kaiser Health. According to a recent article from Medical Economics, the problem … Read More
When you think about the words “compassion” or “kindness,” you probably think first about your clinical care. While bedside manner is critical, the clinical setting isn’t the only aspect of your practice where kindness belongs. What about your billing department? … Read More
Despite a smooth transition to ICD-10 with relatively few technical glitches, there have been questions about the accuracy of the coding. ICD-10 Monitor recently published results from a survey they compiled and analyzed data from 300 coders at 50 health … Read More
The Client An orthopedic practice with two surgeons and a physician's assistant. The Challenge The practice was utilizing a billing firm that was a relying on a billing module built into the practice's electronic health records (EHR) system. The arrangement … Read More
Navigating the complicated health care financial system can be a nightmare since the smallest misstep can cost thousands of dollars. Pass along these simple tips to your patients to help them avoid paying unnecessarily high fees. Tip #1 – Don’t … Read More
What is ICD-10? International Classification of Disease tenth revision (ICD-10) is a system of coding created by the World Health Organization that notes various medical records including diseases, symptoms, abnormal findings and external causes of injury. Next October 1, 2015, … Read More
What does your practice’s denial rate look like? If it is higher than 4 percent, you need to take action. By implementing these simple steps, you can help to avoid billing mistakes and denied claims. Verify Insurance Not verifying insurance … Read More
When outstanding patient balances grow out of control, your practice may feel there’s no option but to place them in the hands of a collection agency. However, turning an account over to collections should only be used as a last … Read More
Medical practices of all sizes must make decisions that not only are for the betterment of the services provided to patients, but also for the financial health of the practice. One such decision to be made is if outsourcing to medical … Read More