Top Three Features of Practice Management Systems

Practice managers play a crucial role in helping physician offices run smoothly. Doctors are responsible for multiple administrative tasks along with patient care, making it nearly impossible for them to manage their practice without assistance. In addition to implementing programs and procedures to improve operations efficiency and managing overall operations of the practice’s business functions,…

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Surprise Medical Bills and New Legislation: An Overview

Surprise billing has been a bipartisan focus for the United States government for a couple years. Most Americans support legislation to protect patients from these costly yet often unexpected fees. Although multiple states have adopted comprehensive legislation to mitigate surprise billing, there wasn’t any such statute on the federal level – until recently. On December…

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Transparency

Three Keys to Improving Patient Collections

Rising out-of-pocket medical costs and high deductibles are challenging issues for many individuals in the United States. The following numbers show just how much of a problem high healthcare costs are for consumers: The average individual health plan deductible is approximately $4,300. The average family health plan deductible is about $8,300. An estimated 40 percent…

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How to Make a Remote Work Arrangement Successful

If you’re one of the many employees who have worked remotely during the COVID-19 pandemic, you’re not alone. According to the European Commission, approximately 35-40 percent of employees across the globe have worked from home most or all of the time since the spring of 2020. It appears this remote work trend won’t fade away…

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kpi

The Top KPIs to Track for an Optimized Revenue Cycle

Methods used in the United States to measure quality vary by industry. The country’s food supply, human and veterinary drugs and multiple other products are regulated by the Food and Drug Administration (FDA). The Environmental Protection Agency (EPA) oversees national efforts based on the best available scientific information to reduce environmental risks. The Federal Communications…

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Achieving Administrative and Financial Benefits Through Outsourced Medical Billing

The United States spends a staggering $3.6 trillion annually on healthcare. U.S. payers and providers drop approximately $496 billion on billing and insurance-related (BIR) costs each year. That’s an immense amount of money dispensed in one industry. Providers continually strive to achieve the highest level of reimbursement possible to procure their part of the country’s…

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Breast Cancer Awareness Month: Understanding Medical Billing for Mammograms

Breast cancer is the second most common cancer among women in the United States, trailing only behind some kinds of skin cancer. Deaths from breast cancer are higher than those for any other cancer, besides lung cancer. Breast Cancer Awareness Month, which is marked in countries across the world each October, is an annual health campaign…

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Keeping Clients in a Crisis

Client retention is always an important part of business, but when the economy isn’t doing well this becomes imperative. COVID-19 has shut down or slowed down many providers’ offices which has given doctors plenty of time to look at their books and make changes if they don’t like what they see. While this provides a…

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Hospital Price Disclosure

Healthcare has long been known for asymmetrical information. Patients see a doctor, whether at a clinic or hospital, yet they rarely know when going in how much the visit will cost them. Over the past few years, CMS has been working to close this information gap, requiring hospitals to disclose prices for their most common…

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The Future of the Medical Billing Industry

Lately, there has been a lot of speculation amongst medical billing company owners about what the future of the medical billing industry will be. We have been working in this industry since 1994 and have seen significant changes over the years. The future of the medical billing industry is still bright and here is why.…

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