As both an essential service and a sprawling business, best practice standards for healthcare are constantly subject to change as the industry evolves. At the forefront today stand two emergent and essentially antipodal approaches: volume-based care and value-based care. The… Read More
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What Happens as a Result of Poor Revenue Cycle Management?
Even during the best of times, the healthcare industry could be characterized as highly demanding—and more than a little hectic. Of course, the optimization of healthy patient outcomes always lies at the heart (so to speak) of any practice’s mission;… Read More
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Value-Based Care Questions That People Ask
There is really no denying that when it comes to caring for a loved one, having trusted professionals in your corner is key. In fact, the tides are already shifting from volume-based care to value-based. The reality is, medical professionals… Read More
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Tips to Improve Payment Collection from Patients
Collecting patient payments is vital for ensuring your medical practice can bring in more revenue. You want to be sure your practice is paid promptly, but collecting the payments from your patients isn’t always the easiest of tasks. Fortunately, there… Read More
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Ways to Raise More Revenue Within Your Medical Practice
Any medical practice will want to generate as much revenue as it can. You’ll need to bring in more patients and keep them happy to do this. The more patients you have, the more money you’ll make. While this idea… Read More
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Tips to Promote Success in Your Healthcare Claims Audit
Coding, billing, and compliance audits are not to be taken lightly; they play a vital role in uncovering areas that prevent compliance in your claims submissions, and your revenue generation can also be impacted. That’s why you need to maximize… Read More
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Challenges You’ll Face When Implementing a New EHR System
Electronic health record (EHR) systems have been rising in popularity across healthcare industries and providers. They make managing your medical records safer and more accessible, but something that might not come as quickly is the transition from paper to electronic… Read More
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Mental Health Billing Mistakes That Facilities Make
Working through an insurance claim is no walk in the park for a mental health practitioner, especially when your practice is small or independent. Compared to other types of medical billing, mental health billing has more complexities that make facilities… Read More
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Tips for Filing Health Insurance Appeals When You Have a Denied Medical Claim
Whenever a medical facility provides services for patients, a request will be sent, asking to receive money for the services that were provided. This request is known as a medical claim. While many claims can be approved, it’s possible that… Read More
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Signs You’ve Selected a Bad Medical Billing Company
Medical billing can be a big undertaking to handle on your own, so that many medical facilities will outsource their billing tasks to a third-party company. However, how can you be sure that your chosen company is the right one… Read More