A retrospective study published by the Journal of Hospital Medicine (JHM) identified a more than 50% growth in the adult hospitalist workforce in the US between 2012 and 2019, making hospitalist medicine one of the fastest growing specialties. When it comes to revenue...
Blog
How Medical Billing Supports the Healthcare Accounting Process
It goes without saying - the financial health of your medical practice is essential. Rising costs, evolving healthcare models, and increased competition have all made this more difficult than years...
Mastering Medical Billing: Common Errors and Preventive Strategies
Even as you provide the best possible care for your patients, paying close attention to the financial aspects of your practice is necessary to avoid medical billing errors that can impact your...
Outsourcing Medical Billing Can Minimize Claim Denials and Maximize Reimbursement
For any kind of practice, an efficient medical billing process is essential to ensure smooth submission and follow up on medical claims. When it comes to receiving timely payments, accurate billing...
10 Things to Consider When Choosing a Medical Billing Company
Managing medical billing in-house can be complex, costly and take up a huge amount of your staff’s time. These are just some of the reasons the demand for medical billing outsourcing services is...
How to Choose the Right Medical Coding Company for Your Practice
Assigning correct codes is crucial. A growing number of practices are choosing to outsource this responsibility to a professional medical coding company. One reason for this is the national shortage...
Navigating Colonoscopy Billing and Coding Guidelines
According to the Centers for Disease Control and Prevention (CDC), in 2020, 126,240 new colorectal cancers were reported in the U.S., with 51,869 deaths from colorectal cancer. Colonoscopy is the...
Why Outsourcing Preauths and Insurance Verification Is a Game Changer
Medical practices face several challenges that can hinder efficiency and impact revenue cycles. One aspect that the front office often has problems handling is checking patients’ insurance coverage....
Overview of the Dental Billing Process
Just like in any other specialty, accurate billing is crucial in dental practices too. It is essential to running a dental practice because it affects the practice’s financial stability and...
Proven Strategies to Maximize Cash Flow in Medical Practices
Running a successful medical practice involves not only providing quality patient care but also managing the financial aspects that keep your practice thriving. One crucial element of financial...
Importance of Accurate and Compliant Coding in Minimizing Denials
A key component of revenue cycle management (RCM), medical coding involves converting medical services, diagnoses, procedures, and equipment into codes for claim submission. Accurate and compliant...