Throughout history, hospitals have maintained fairly sized profit margins. That said, what happens if those profit margins start to go down? While it’s well known that healthcare reform is a necessity for U.S. hospitals, getting there is proving to be… Read More
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Are Both EHR And A Practice Management System Needed?
There is an abundance of people who use a practice management system as well as electronic health and medical record systems that healthcare providers can use. Due to the wide variety but lack of access to information about these systems,… Read More
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Five Billing Tips For Preventing Physical Therapy Denials
As is typical of many specialties, physical therapy (PT) and occupational therapy (OT) have different billing and coding hurdles to overcome. Ensuring defensible documentation is merely part of the job. The other part is knowing the guidelines that payers must… Read More
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Denial Management And How To Prevent Denied Claims
$262 billion were denied from a total of around $3 trillion worth of claims, which roughly translates to almost $5 million in denials for every hospital. About 65% of denied claims are not resubmitted, and 58% of all denials come… Read More
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Debunking Myths About Outsourcing
For many physicians and practices, outsourcing may be uncharted territory. Billing is normally done in-house, and there is a general hesitation to have it done by partner firms. That is why there are so many myths about this vital way… Read More
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How To Successfully Execute Your Denial Management Process
It would be nice if you could spend all of your time and energy on patients and their care, but the truth is that you’re running a business. At some point, you have to pay attention to your revenue cycle, and… Read More
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How to Improve Your Denial Management Process In 2019
A medical practice should always be looking for continuous improvements in their denial management processes. It serves as a major part of a healthcare organization because medical claims are denied all the time for various reasons. Since we want your… Read More
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The Most Common Challenges Hospitals Face With Their Revenue Cycle
Many hospitals today face a variety of challenges with their revenue cycle. It is an extensive process that needs all departments within the organization to work together for it to be a success. For hospitals to succeed from an economic… Read More
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Tips for Improving Your Denial Management Process
Every day, thousands of medical claims are denied for a multitude of reasons. Medical organizations need to understand and appreciate that successfully managing their claims will benefit them in many regards. In addition to boosting your collections rate, it will… Read More
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3 Tips for Making Your Revenue Cycle Management More Efficient
The year is coming to a close, and many medical practices have made big plans for 2019. If you want your organization to be as successful as possible, it needs a strong revenue cycle management system in place. In a… Read More