Medical Billing Services

  Business Intelligence or BI is a widely used term in growing Healthcare organizations. An obvious key to success, BI is an integral element of any organization’s sustainability, growth, and progress. It is just as important in the Healthcare industry as an EHR or Practice Management. However, to utilize Business Intelligence to the fullest, we need to understand what it refers to and why medical practices should focus more on it than anything else. Why Does Business Intelligence Matter? BI has become a standard buzzword around the healthcare industry for some time now. The concept is gradually picking up steam. In the simplest of terms, BI refers to the digital technology used for analytical purposes. BI provides detailed analysis and reports after going through the organization’s data to provide innovative solutions that can help grow business operations of the modern era. From electronic health records (EHR) to financial and administrative data, Healthcare organizations have a ...

  Today, healthcare providers and practices rely on either Paid or   free EHR   or   Practice management software   to digitize administrative tasks and for storage of clinical records. These systems streamline various practice management processes of the healthcare ecosystem and make it easy for clinicians to track patients’ medical histories. Practices can get great benefits from a  free EHR   system  that can potentially boost your practice cash flow. These healthcare systems have become an integral part of medical practices and healthcare organizations all across the globe. There are dozens of healthcare software solutions but you need to choose the best one depending on the ease of use, pricing, features, implementation, training options, and ability to integrate with other systems. Whether you run a small or large practice, there are various potential benefits you can get from the medical practice management software. Greater Efficiency: Pra...

Healthcare revenue gets affected by a myriad of factors from insurance verification to denial management. As a healthcare provider, analyzing each and every process and KPIs of your cash flow will improve practice growth. If your billing department is unable to improve cash flow and bringing down accounts receivable, it’s time for a change. First, analyze the inner workings of your billing department and determine where changes will need to be made. Below are few ways to improve medical practice cash flow: 1.      Charge Capture Details and Insurance: It all starts with the charge entry process. If your billing company or staff makes errors in charge entry, they will end up pushing countless claims into your A/R buckets.  A complete review of demographics and the charge capture process is essential if you want to maximize your practice revenue. Make sure that you reconcile the number of charges entered and submitted v/s the patient seen on a particular day....

  It’s a new year, yet 2020 continues to haunt us. The deadly coronavirus known as COVID-19 created a global pandemic that the world is still struggling to cope with. Public places have become proxies for the spread of the virus so is the hospitals and healthcare facilities. People just don’t feel safe anymore, neither do physicians and doctors. While the COVID-19 vaccine is still in its initial stage, businesses and clinics are reconsidering their policies to ensure the safety of their working staff. Medical practices are navigating the technological spectrum to create a safe, secure, and effective remote workforce. Although the process isn’t easy, we’ve highlighted few key points for checks and balances that ensure secure communication, efficient staff productivity during these unpredictable times. Update Roles for On-Site/Remote Employees By now many organizations have a clear understanding of their staff. During these times, companies...

 The new changes in healthcare have created new challenges for patients and providers alike. Reforms like changes to billing rules and regulations and introduction of value and quality based compensation models can result in revenue losses. Similarly, patients’ are having a hard time paying the bills. This decline is a result of patients experiencing an increase in both out-of-pocket costs and deductibles. In order to tackle these financial issues and potential compliance risks, practices will have to implement a more proactive strategy to their medical billing processes. By controlling these key issues, healthcare practices can increase revenue, ensure reimbursements, so they can continue to provide quality care to their patients. Let’s take a look at some steps every healthcare practice should take for efficient medical billing: Set a Step-by-Step Collections Process All medical practices require a clear collections process t...