Leveraging Technology and Automation to Streamline Healthcare AR Management
The secret of financial stability in healthcare is Accounts Receivable (AR). Hospitals and medical practices cannot sustain cash flow without an efficient AR management. Among the typical issues of concern that affect financial health are delayed collections, claims denials and administrative bottlenecks. Technology and automation are currently playing a very important role in the transformation […]
How Physicians and Administrators Can Streamline Revenue Cycle Management for Better Financial Outcomes
Healthcare finances are supported by Revenue Cycle Management (RCM). It encompasses all the procedures such as patient registration to the ultimate payment posting. When appropriately executed, it keeps the cash going round, lowers the strain on the personnel, and enhances patient satisfaction. In the case of hospitals, clinics and personal practice, RCM does not involve […]
Top 10 Best Dental Billing Companies
Managing your accounts receivable and dental billing is a significant component of a successful dental practice. But there is time involved in handling claims, coding and patient payments and opportunities to make mistakes. Enter dental billing companies. They run your billing from the beginning to the end so you can concentrate on what you do […]
How Internal Medicine Clinics Boost Collections with Billing
Internal medicine practices are under increasing pressure in today’s healthcare environment to achieve financial viability and provide high quality care to patients. When they are managing complex cases, dealing with compliance rules and treating chronic diseases. Then it is easy to allow billing and collections to slip. Unfortunately, all practices are affected one way or […]
How to Maximize Reimbursement for Group Therapy Sessions
Group Therapy Sessions is a potent force in the landscape of mental health intervention. But without proper billing, therapists can miss out on thousands of dollars each year. If you do group therapy and want to get what you should be paid, this guide is for you. In this post, we’ll go through: Billing codes to use Compliance Rules you […]
Top Denials in Internal Medicine Billing—And How to Fix Them
Internal medicine practices see patients with a wide variety of conditions and a significant amount of insurance claims. But billing errors can trigger expensive denials, slow payment and administrative hassles. In this post, we are going to discuss the most frequent claim denials in internal medicine billing and how your team can either resolve them or prevent them. […]
Top 5 Psychiatry Billing Mistakes Practices Make (and How to Avoid Them)
There is more to running a psychiatry practice than taking care of patients you must also ensure billing is done properly! But experienced providers and staff can also make mistakes that result in delays, denied claims or lost revenue. Here are the 5 most common psychiatry billing errors practice’s make and simple strategies for avoiding them. Using Incorrect […]
Sets Out Dental Service Recovery Plan to fix decay
Each practice faces issues that affect patient satisfaction, productivity, or financial stability. Despite good intentions, problems like poor patient relations, service gaps, and uncoordinated billing. Or disorganized structures can cause what I call ‘decay’ in practice. First, identifying the problem is crucial. Next, finding a solution to fix the issue, regain trust, and restore operations […]
What are the most common dental billing mistakes?
One indisputable thing is that billing in the dental practice is essential to the financial status of Dental Practice. However, mistakes are found frequently, especially in the areas of billing, which may result in claim denials, delayed payments and may even land you in compliance trouble. Some of these errors include: Ignoring identifiable errors is […]
How to Handle Denied Claims in Dental Billing and Coding
Handling denied claims is one of the most difficult things an employee in the dental billing and coding profession will come across. Each denied claim can translate to a loss of time, additional paperwork, and possible bill loss. Alas, these are not the obstacles I am unable to overcome. Once practices understand why claims are […]
