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Do you need to change your Medical Billing Company?

Healthcare practices typically outsource their billing for two reasons – lack of resources and/or lack of time. While outsourcing your billing has many advantages, there are certain factors that need to be checked before hiring a billing company. Remember that most outsourcing contracts generally last for two to three years and it would be detrimental to your practice if you choose a billing company that exhibits most of the following:

  • The billing company has no existing clients with the same specialty as yours.

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Tips For Hiring A Medical Coding Company

In order to keep your practice afloat, it is imperative that your services receive full and timely reimbursements.  Getting your cash flow moving smoothly depends on accurate coding along with timely submission of your bills to the relevant insurance carriers.  Incorrect coding can lead to your reimbursements being delayed, denied or rejected.  If you have a small or specialty practice,

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Benefits of Outsourcing Provider Credentialing And Enrollment Services

Healthcare facilities address the health needs of people and are supposed to treat the sick under all circumstances.  However, for any organization to remain viable and continue to provide services, it needs to be paid for the services provided – fully and in time.  In order to receive their just dues, organizations have to work with various payers,

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Outsourcing your Medical Billing Services

Do you remember why you started your medical facility?  The desire to help and treat others of their ailments – wasn’t that the reason?  And yet here you are, dabbling with billing, insurance companies, revenue cycles and bad debts – all of which impinge on the time that you could be spending looking after your patients. 

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Managing Denied Claims at your Medical Practice

An ongoing challenge for all hospitals, revenue cycle management requires the use of technology to keep track of claims and address issues as and when they arise.  It is fairly common for claims to be denied, denial management being an industry wide challenge.  Efforts by healthcare facilities have not made much impact in the reduction of claim denials. 

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Misconceptions About Medical Billing

Medical billing is an important part of your practice.  In fact, it is one of the crucial aspects, which if ignored or not handled properly, can even lead to the practice eventually facing closure.  Healthcare providers handle their medical billing either in-house or through outsourcing.  However, the benefits of outsourcing your medical billing are far more than keeping them in-house. 

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Exploring Revenue Cycle Management

Revenue Cycle Management is the process of managing your claims processing, payment and revenue generation.  This includes everything from determining the patient’s eligibility, collecting their co-pay, coding the claims, tracking the claims, collecting payments and following up on denied claims.  A critical part of your office function, it is important that the entire revenue cycle process is managed efficiently.

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