Dealing with virtual cards In recent years, health plans have shifted from paper checks to electronic methods of physician payment. As part of this movement, many health plans have started paying physicians through payer-issued virtual credit cards (VCCs). When paying via VCCs, health plans send credit card payment information and instructions to physicians, who process […]
Read MoreAs the old adage goes, your best offense is a good defense—and no one knows that better than the folks responsible for revenue cycle management (RCM). When it comes to rehab therapy billing, getting dinged with claim denials might seem inevitable. But, taking steps to avoid the following four RCM killers will help you shield […]
Read MoreProper credentialing is a crucial step in running a successful physical therapy clinic. If your clinic and therapists aren’t properly credentialed with insurance providers from the get-go, your bottom line might suffer. And it’s not just new clinics that are susceptible to making credentialing mistakes; in fact, any clinic that has gone through a change […]
Read MoreAddressing these four common medical billing challenges can have a positive impact on the healthcare revenue cycle. Medical billing is the backbone of healthcare revenue cycle management, but many providers experience significant challenges with efficiently and accurately billing patients and payers for services they perform. The medical billing process can be a pain point for some providers […]
Read MoreResearch has shown that one of the most effective ways to improve outcomes and reduce costs is to improve patients’ access to primary care.1 But many practices are going about access improvement all wrong. If your practice defines optimal access in any of the following ways, it may be time to rethink your approach. Myth #1: […]
Read MoreDeciding whether or not outsourcing medical billing is the right thing to do for your practice can be a difficult decision. Medical billing has always required a specialized set of skills and in the last few years there is a steep increase in complexity and red tape. Whether you are a new practice startup, experienced […]
Read MoreYou have just breathed the sigh of relief that all the changes are well-maintained and you have everything streamlined. Well, it seems Medicare and Medicaid Services are in no mood to let you settle down. It was only recently they have again come up with some new altercations and changes which require updating coding that […]
Read MoreMedical billing for dermatology professionals is very complex and requires a highly trained staff to help ensure accurate and timely reimbursement. From simple lesion removals to complex skin grafts, dermatology billers face unique challenges in the struggle to keep practice revenue flowing. From ensuring every allergen is counted to avoiding scratch and patch test underpayments, the dermatology […]
Read MoreIn order to determine if outsourcing makes sense a cost analysis should be done. Here are some things to consider when performing a cost analysis: 1. Billing Department/Staff costs – This would include the salaries of the employees working in the billing department. If there are employees with multiple functions (billing and front desk, etc) […]
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