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Medical Billing News and Articles

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The Importance of Accurate Medical Coding

April 30, 2020

Medical coding allows insurance companies to determine whether certain procedures should be reimbursed, reduced or outright denied. As such, it’s extremely important that medical practices don’t make any errors in their medical coding. The Importance of Accurate Medical Coding Accurate medical coding is necessary if you expect to obtain insurance reimbursement. It’s also important to maintaining the records of your patients. Using the wrong medical coding could result in the

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Medical Billing Reports- Accessing Your Medical Billing Software

Medical Billing Reports: Accessing Your Medical Billing Software

March 30, 2020

When it comes to running your practice, it’s extremely important that you have access to billings and collections software so that you can run reports. You should be checking your billing and collections reports regularly in order to keep track of the financial health of your practice. Your reports can tell you whether or not claims are being paid in a timely manner, how well you’re being paid by insurance

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A doctor is talking to a patient in a waiting room with a nurse, child, and woman standing behind them

How is a Medical Billing Assessment Performed?

February 28, 2020

If you ask doctors, many will tell you that they’re not satisfied with their current methods of billing. Even the most successful medical practices could stand to improve certain aspects of their business. A medical billing assessment helps physicians identify what is working effectively in their practice and what changes can be made to increase efficiency, productivity, and revenue. It will help with auditing policies and procedures, ensure that the

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10 Ways a Medical Practice Assessment Can Optimize Your Operations

10 Ways a Medical Practice Assessment Can Optimize Your Operations

February 15, 2020

Medical billing outsourcing services are no longer a novel approach. Outsourcing is now as mainstream as you can get. It typically produces greater cost savings and outcomes following its streamlined processes, superior systems, state of the art technologies, economies of scale, and skilled labor laden with specialized knowledge and experience. Running a medical practice as efficiently and profitably as possible is a formidable challenge. If your practice isn’t growing or

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Dos and don't of medical billing

Dos and Don’ts of Medical Billing

December 17, 2019

In the old days, you would see a doctor and would receive a bill of service on the spot. Perhaps you would pay quid pro quo: a quart of soup in payment for treating an ear infection; a brake job in return for setting a broken leg. Otherwise, you would receive a bill, then pay it. Times have changed, and with it has come a level of sophistication unforeseen even

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Ways To Increase Medical Practice Revenue Quickly

Ways To Increase Medical Practice Revenue

December 4, 2019

While your main goal as a doctor is treating patients, it’s important to maintain a profitable medical practice to ensure you can continue to do what you’ve been trained for. Here are some of the most important things you can do to help increase your medical practice’s revenue: 1) Conduct a Billing Assessment A medical billing assessment helps physicians identify what is working effectively and what changes can be made

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news thumb why practices are outsourcing to medic

Why Practices Are Outsourcing To Medical Billing Companies

August 20, 2019

More and more medical practices are outsourcing their medical billing – and for good reason. For one thing, finding ways to reduce your healthcare business’ operating expenses, and improve its revenue cycle management, is imperative in today’s highly competitive environment – and outsourcing your billing and collections has proven to do just that. Although your practice relinquishes a certain amount of control by outsourcing its billing, it also saves a

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A person holding a cell phone in front of a laptop while another writes on a chart

Top 6 Benefits of Outsourcing Medical Billing

August 6, 2019

Medical billing outsourcing services are no longer a novel approach. Outsourcing is now as mainstream as you can get. It typically produces greater cost savings and outcomes following its streamlined processes, superior systems, state of the art technologies, economies of scale, and skilled labor laden with specialized knowledge and experience. In today’s complex and evolving healthcare marketplace, successful management of medical billing and coding are proving to be a strategic

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A stethoscope sits on top of a clipboard on a table as a doctor talks to a couple in the background

Benefits of Outsourced Medical Billing: Save Time for Your Practice

July 7, 2019

Most industries grew more competitive and the same is true for the medical professionals, providers, organizations and institutions that comprise the healthcare industry. Similar to any other industry, health professionals such as physicians and surgeons are responsible not only for the health and well-being of their patients, but also for every aspect of their practice. This includes maintaining and keeping their offices, taking care of payroll for their staff and

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A group of young doctors and nurses posing for a picture

HIPAA Staff Training

June 25, 2019

Many people talk about HIPAA compliance, but not everyone truly knows what it means. Sure, it means private medical information is to be kept private, but are people who work in medical offices absolutely certain how to stay in compliance with this rather serious legislation? There are two distinct HIPAA regulations that medical staff must be thoroughly versed in. Let’s talk about what they entail and how you can ensure

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