For a lot of people, revenue cycle management is a scary term that means administrative processes and policies. While there certainly are some, most health care revenue cycle management involves ensuring that a clinic or hospital can afford to give care at the best level possible. Read on as revenue cycle management is explained in terms everyone can understand. [Read more…]
Most of the challenges facing the health care industry today are well known. They range from tiring and time-consuming data sharing procedures, ambiguous clinical trials, complex billing, and below-standard patient adherence. Health care providers are put under constant pressure to control costs, and, at the same time, offer the best health care management to patients. Medical Business Services LLC looks into the potentiality of blockchain transforming health care management. [Read more…]
As medical billing, healthcare administration, and insurance have become more and more convoluted, many healthcare organizations are looking toward specialized consultants to address their billing needs. The trick is knowing when a consultant can help you and how they can be a benefit. Here are just a few of the many ways a medical practice consulting company can help you. [Read more…]
The medical billing industry is cutthroat. Any advantage you can gain in health care billing, you take. The margins are that thin. If you are like every other manager, you use anything you can to improve efficiency, accuracy, quality, and profitability. Here are some tips to improve your medical billing practices. [Read more…]
For many who struggle with chronic illnesses, going back and forth to the doctor’s office can be physically straining. This is why physician home visits are becoming more and more popular. However, running a company that offers this type of service requires a system that can keep accurate medical and financial records. Aside from making sure that the patient is getting everything they need, and paying for it accordingly, you also have to make sure that your services are in line with new and established patient codes. Failure to do so can result in serious consequences. This is why so many businesses in the field seek out companies who specialize in medical billing and coding services. Running your business is much easier when you have a reliable system to work with, especially in such a sensitive industry.
If you’ve been to the doctor in the last few years as a patient, then you’ve probably had one of two experiences with doctors or nurses taking your medical information down. Either they are at a computer taking notes while you’re detailing your concerns and/or symptoms, or they’re writing them down.
If you’re in the medical field and have bills that you send to your patients, you’ll know that medical billing services can be invaluable. It gives you the tools you need to send out accurate bills and keep track of them afterwards. If you utilize these services, it helps to learn about one important part of coding called coding modifiers.
If you’ve recently been a patient or you’re a new employee working in the healthcare industry, you’ve probably heard the term HIPAA thrown around quite often. While many people will present it as a necessary document that commonly gets skimmed over, it is indeed one of the most important facets of our healthcare system today. Basically, HIPAA (Health Insurance Portability and Accountability Act) was developed in 1996 with the specific intention of protecting a patient’s health information. Below is a brief summary of the importance of HIPAA in our healthcare system.
Medical billing is an essential part of the medical industry. While medical coding and billing are certainly integral, that doesn’t make it an easy process. There’s a lot to learn, and a simple mistake could be harmful to the patient and the medical facility.
If you own any business, you have to learn a lot of skills and juggle a lot of areas, such as office management and marketing besides running your actual business. This can be even harder for private medical practices that aren’t just selling goods. If you have a medical practice, you’re treating people, and you want to make sure you’re doing your best job and keep your focus on keeping these people healthy. One way that you can do that is to outsource your billing and coding to a billing service, which can help you in a variety of ways.