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Medical Billing News and Articles

Five Reasons To Do A Medical Billing Assessment

Medical practices are only as successful as their billing department. If you have a thriving practice but want to review or improve certain aspects of your business, a medical billing assessment can be a big help. Running a medical practice involves keeping a tight ship, for the sake of your patients, your reputation, as well as your financial health and stability. Here are five reasons to do a medical billing

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Get Billing Services from ProMD

Enhance Returns with Billing Services from ProMD By working with an external specialist, medical companies can improve upon their returns for their billing processes. It’s important to work with a company that has experience in billing services and payment management, to ensure payments are made quickly and to gain a higher return from past due bills. Working with a specialist such as ProMD allows medical companies to focus on their

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Evaluating Your Revenue Cycle

Does Your Revenue Cycle Need Maintenance? Many physicians are experiencing a conundrum. They are working longer hours but not making more money. It is a fact that medical practice expenses are on the rise, and insurance payments are shrinking while compliance parameters are increasing. Add to those the problems of inefficiency and the challenges of new technology and it is no wonder doctors feel over worked and under paid. But

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Medical Billing Reports: Accessing Your Medical Billing Software

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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How can a HIPAA Audit and Assessment Help a Practice?

It can take months, sometimes years to gain the trust of your patients and your community. Securing your reputation as a provider who is careful and conscientious – not only medically competent but also respectful of privacy and security – can be a hard-fought victory. With healthcare and personal identification data, physical and IT security, and financial information all being a target by bad players, ensuring HIPAA compliance has never

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How Outside Medical Billing Can Streamline Your Practice

Changes are constant in the ever-evolving landscape of the medical industry. Regular updates to coding and regulations are to be expected. If your medical practice has frequent issues with accuracy and compliance, you could be setting yourself up for an audit. This may not only affect your reputation in the medical community, but also cause you to incur costly fines. Fortunately, there is now another option: Outsource your medical billing

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How Revenue Cycle Outsourcing Has Changed

Although there have always been a few detractors from the idea of revenue cycle outsourcing, it continues to be something that practices of all sizes are doing in order to free up in-house resources and to streamline the efficiency and effectiveness of their practice overall. However, there have been a lot of changes over the years when it comes to the role of revenue cycle outsourcing. First of all, more

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How to Achieve Optimum Billing Performance

Billing can be a very complicated process, but it’s one that is vital to the success of your practice. There are a number of potential problems that can result in claim denials, which will, in turn, hurt your ability to maximize your collections. The following are some of the common billing issues that practices run into and how they can be resolved in order to achieve optimum billing performance: The

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Importance of Health Care Cybersecurity

Why Cybersecurity Matters in Health Care Health care relies heavily on digital systems. Patient records, billing data, and communication all depend on secure technology. Recent events, including the Change Healthcare outage, showed how vulnerable systems can disrupt operations. These disruptions affect patient care, billing processes, and trust. Protecting patient data is not optional. It is a critical part of running a secure and reliable medical practice. Understanding Cyberattacks in Health

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How To Reduce Medical Claim Denials

Consistent cash flow is essential to the health of any business. This holds true for medical practices, as well. Maintaining an adequate level of revenue while minimizing the number of claim denials can be a struggle. Unfortunately, claim disputes have a number of associated costs beyond the denied payment. Estimates show that the average medical practice could loose between $30,000 and $80,000 yearly in denied claims and the staffing expense

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