Artificial Intelligence Applications for Medical Billing
Artificial intelligence is defined as the ability of a digital computer or computer-controlled robot to perform tasks commonly associated with intelligent beings. Commonly referred to as AI, it’s increasingly being employed in healthcare, and, according to Accenture, has the potential to save the United States $150 billion annually by 2026. The top ten AI applications in healthcare are robot-assisted…
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…
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…
Maintaining Compliance and Cybersecurity in the Healthcare Industry
A majority of cybercrime affecting the healthcare industry comes in the form of data breaches, which occur through a variety of incidents, including stolen devices, hacking, human error and negligence and cyberattacks.
Recouping Accelerated and Advance Medicare Payments Will Start This Month
As part of its response to the COVID-19 Public Health Emergency (PHE), the CMS allowed Medicare providers to request Accelerated and Advance Payments. This was made available to provide emergency cash flow to providers during natural disasters and similar emergencies. CMS made these payments available during the COVID-19 PHE because many practices saw reduced patient…
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…
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,…
Successfully Hiring Remote Medical Billers
As the months roll on most of us are still working remotely, and for many medical billing offices, this may be the way of the future. Companies are realizing that they can do without the expensive overhead of office space and that many employees prefer to be at home. This may seem fairly straight forward…