New CPT Codes to Be Aware of For 2021
Current Procedural Terminology (CPT) codes have been around since 1966, continue to be set by the specialized panel with the American Medical Association, and they aren’t going anywhere. Each year, as advancements and changes are made in the medical industry, new and revised codes are pushed out to medical billing teams. If you’re already in…
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…
Transitioning to a Single-payer Healthcare System: Positive Change or Predictable Challenges?
The United States healthcare system is fraught with problems. Even after the enactment of the Affordable Care Act (ACA), 12.5 percent of Americans are uninsured, and almost 45 percent are inadequately insured. Healthcare spending has reached almost $4 trillion (about $11,582 per person), even though it was down .5 percent in 2020 due to the…
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…
Everything You Need to Know about Telehealth Billing
Telehealth has been in the national media more often during the past few months due to the COVID-19 pandemic. However, even before the novel coronavirus outbreak hit the United States, approximately 76 percent of U.S. hospitals connected with patients and consulting practitioners at a distance through telehealth. Although telehealth often is used interchangeably with the…
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…
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.…
Paycheck Protection Program Extension
Many billing companies have seen a decrease in work recently, due to the temporary closure or slowdown of providers across the country. While many providers have gradually begun to re-open, they have strict guidelines and are often seeing a smaller number of patients than usual. This, in turn, has affected billing offices across the country,…
Further Distributions from HHS
The Department of Health and Human Services announced further distributions from its Provider Relief Fund. This funding will go to providers that participate in CHIP and Medicaid. Some providers have lost revenue due to COVID-19 and others have simply faced higher costs, both are valid reasons to apply. This funding will be available to a…
4D Global Named a Leading Business Service Provider in Arizona!
4D Global has devoted the last 4 years to helping our clients successfully scale their businesses and increase profitability with our services. Our team always aims to exceed expectations in delivery, performance, and accuracy. This has caught the attention of Clutch.co as they recently named us a leading B2B company in Arizona for the business…
