5 tips for medical billing and claim collection

  For a modern medical practice, few business operations carry the same level of importance as billing. While it is essential to have a health revenue cycle to be able to balance the costs of providing healthcare in this day and age, it can be very difficult to ensure that your practice is being paid…

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Some benefits of medical billing Outsourcing, and why you should consider it

  Medical billing is one of the essentials to make your practice financially successful these days. The work involved can be handed over to a reputed firm in order for you to be able to focus on operational and management details yourself. The alternative would be to hire dedicated staff in your own office, and…

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A Few Tax Write-Off Tips For Physicians This Year

Tax season is upon us, and physicians especially will feel a chill in the air that has nothing to do with the temperature. It is the time of the year, when they need to work hard and fast to prepare for the tax payment deadline. Considering that good doctors almost always have their hands full…

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US Healthcare Payments To Reach 5 Trillion Per Year By 2022

Healthcare payments in the US are expected to hit $5 trillion per year, including both consumer and payer payments, CMS reported. A 2014 report from the Consumers Union says that over 30 percent of these should be considered as wasted as a result of payment processing is inefficient, as well as obsolete paper-based billing and…

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2016 Open Enrolment Period Has Ended

The 2016 open enrollment period for health insurance plans sold in HIEs has officially ended. With this over now, information is starting to flow in towards the third open enrollment period. In the middle of January, HHs had announced that 8.9 million customers have signed up for health-coverage using the HealthCare.gov platform or had their…

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CMS Urges Practices To Apply For Hardship Exemption

CMS announced towards the end of last month that they have created a new online system, which allows submitting applications for hardship exemption for the Meaningful Use Incentive Program (MU) for EHR technology. The new system also expedites the application process by letting providers choose from a list of categories. This is a change from…

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ACA Open Enrollment Proceeding Full Ahead

The ACA open enrollment is proceeding. Health insurance claimants for plans sold on the federal and state HIEs are enrolling at present, and there is very little time left for individuals who have yet to select a plan for 2016. Following a solid initial two weeks compared to what has been seen in previous years,…

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