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Medical Billing News and Articles

Strategies for Mining Value From the Value Based Healthcare Model

Strategies for Mining Value From the Value Based Healthcare Model

January 30, 2023

Strategies for Mining Value From the Value Based Healthcare Model There has been a fair amount of talk lately about value based care. As the healthcare industry shifts to this new model it will be up to healthcare providers, including physician owned medical practices, to find ways to engage their patients and provide more transparency when sharing information. To achieve effective revenue cycle management health executives should focus on some

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How Can I Lower Denial Rates in Medical Billing_

How Can I Lower Denial Rates in Medical Billing?

January 15, 2023

Don’t Settle for an Average Claim Denial Rate Every medical practice is going to experience insurance claim denials. The trick is to keep the denial rate at an acceptably low level. Some practices work for years at a 10% denial rate without giving it much thought. 10% should not be seen as acceptable as it could add up to a significant dollar amount over the course of a year. Rather,

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Verifying Insurance Coverage

Ways To Verify Patient Coverage at Your Medical Practice

November 30, 2022

Insurance Eligibility Verification to Insure High Collection Rates The bottom line is that successful billing in a medical practice is dependent on successful insurance eligibility verification. In all cases this should occur upon the patient’s first visit and before care has been provided. Ideally, the process is repeated on follow up visits to insure that the policy has not been modified or terminated. Spending just a few minutes verifying insurance

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Responding To Negative Reviews

November 15, 2022

How To Respond To Negative Patient Reviews We recently discussed how online reviews are used by potential patients and what their effect on a medical practice might be. In this article we will look at how to approach a negative online review of your medical practice, whether that review is in the form of a legitimate complaint or an angry rant. How you approach each can have an effect on

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Online Physician Reviews

Leverage Online Reviews for Physician Reputation Management

October 31, 2022

How Are Online Physician Reviews Affecting Your Practice? In the internet age many turn to the web for advice from user reviews for everything from what electronics to buy, what restaurants to eat at, where to vacation and more. When choosing a physician, it is no different. And why should it be? Choosing a doctor is arguably more important than the decisions listed above, so people are going to do

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Hiring an Office Manager

A Guide To Hiring a Medical Office Manager

October 15, 2022

Find the Right Office Manager to Run Your Practice A good and effective office manager is an essential part of a medical practice’s staff. As we’ve mentioned here before, not all physicians have the training or experience to handle the operation of their own business. In reality, most would prefer to focus on why they became doctors in the first place: patient care. An office manager should remove much of that

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Physician Burnout

How To Prevent Physician Burnout

September 30, 2022

Half of All Doctors on the Verge of Burnout Research conducted throughout the last ten years has pointed to an increasing level of burnout among medical students and doctors in residency. These students and residents are becoming burned out over the course of their training and experiencing physical and emotional exhaustion, a loss of empathy for patients, and serious second thoughts about their career choices. Now the Journal of the

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Medical Practice Cross Training

September 15, 2022

How Cross Training Improves Efficiency in Medical Practices Small to mid-sized medical practices often rely on staff members to manage multiple responsibilities. Unlike larger organizations, where tasks are divided across departments, individual employees in smaller practices may handle entire workflows. This structure can create challenges when a team member is absent. If no one else is trained in that role, essential tasks may be delayed, affecting both operations and revenue.

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What Is the Meaningful Use Final Rule

What Is the Meaningful Use Final Rule?

August 15, 2022

What Is the Meaningful Use Final Rule? After spending some time listening to physicians and other health care providers, not to mention some harsh criticism from Congress, The Centers for Medicare & Medicaid Services (CMS) and The Office of the National Coordinator for Health Information Technology (ONC) released the Meaningful Use Final Rule last month. That review time was spent gathering more than 2,500 comments about the challenges physicians face

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How to Start a New Medical Practice – ProMD

July 30, 2022

Starting a New Medical Practice The complexities of setting up and running a medical practice may seem overwhelming. Understandably, most physicians do not have extensive experience running a business, but the prospect of working for oneself is still enticing. For this and other reasons, it is highly advisable to consider obtaining the services of a medical practice consulting firm to get your new practice off the ground. This article will

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