medical_billing

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…

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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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medical_billing_outsource

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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Top Trends in Medical Billing

Medical billing has been an essential part of reimbursement in healthcare for decades. The professionals in this industry, though, used to either draft necessary documents by hand or use a typewriter. Not only was this manual process extremely time-consuming, it led to inaccuracies and other medical errors. Technology has certainly transformed the medical billing industry…

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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…

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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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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,…

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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…

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