Being a small and independent clinic with a few providers you may have experienced billing and coding issues resulting in lower revenue and a reduction in collection rate. Today's medical billing procedures are complicated and usually, clinics are okay with low reimbursement rates as revenue cycle management seems like an intimidating task. According to some [...]
Your medical practice is using cloud-based software services which means you can greater flexibility and have all the information at your fingertips. To make the most out of your Cloud-based EMR software and Revenue Cycle Management (RCM) software system it is important to maximize the usage of your cloud-based system to meet all your health [...]
Health IT and digital tools have revolutionized the way the healthcare system is operating in the United States. Telemedicine, Artificial Intelligence enables medical devices, Blockchain, Machine learning, and Electronic Medical Records (EMR) software solutions are examples of digital technologies which have helped to enhance the care process by facilitating quick diagnosis and treatment through analytical [...]
Healthcare providers must use the right software systems and solutions to complete different tasks in their clinics. Managers should be aware of the reason why they have deployed a certain software and make complete use of it. In this article, we will discuss the difference between Practice Management (PM) and Medical Billing Software. Both are [...]
Due to the COVID-19 pandemic, medical practices are experiencing a loss in revenue stream as patient traffic has reduced in clinics and hospitals and patients are canceling non-emergency appointments due to the fear of catching the virus at the doctor's waiting room. You might be thinking to outsource your revenue cycle management to a third [...]
What is Medical Billing? Medical billing is a financial procedure of the submission and following of claims with health insurance companies in the United States to receive payments. Traditionally medical centers, hospitals, and clinics used paperwork systems to handle billing processes. With advancements in technology healthcare systems have adopted the Medical Billing Electronic Medical Records [...]
Healthcare providers often wish that their Revenue Cycle Management process (RCM) would give a 100% rate of claims payment and 0% of claim rejections, but this is not true in the real financial world. However, the good news is that RCM processes can be fortified by recognizing any issues beforehand for the cycle to run [...]
Electronic Health Records Software systems have helped to streamline administrative, financial, and clinical workflows of hospitals, clinics, and medical practices. The EHR Software systems have transformed how health care providers operate within the United States and have been especially fruitful during the COVID-19 pandemic. EMR software providers have been proactive to offer assistance and support [...]
A health care provider's main priority is to offer the best care to their patients. Medical billing procedures have become complicated over time and clinicians may not have the time to follow up or appealing denied claims. Medical billing software solutions have provided a robust way to streamline financial processes from claims scrubbing to submitting [...]
Being a small and independent clinic with a few providers you may have experienced billing and coding issues which may have resulted in lower revenue and a reduction in collection rate. Today's medical billing procedures are complicated and usually, clinics are okay with low reimbursement rates as revenue cycle management seems like an intimidating task. [...]