Consulting Services

Maximize Revenue, Minimize Stress: The Benefits of Outsourcing Medical Billing

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The healthcare industry faces increasing administrative demands, with medical billing often being one of the most challenging tasks. For many providers, the time spent on billing detracts from their primary mission: delivering quality patient care.  This blog explores why outsourcing medical billing could be a game-changer for healthcare providers. Why Healthcare Providers Should Consider Outsourcing […]

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Weighing-In on Weight-Loss Medications: Navigating Regulations for Ozempic and Mounjaro

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Weight-loss drugs, like Ozempic and Mounjaro, are creating a buzz and offering new hope for patients struggling with obesity. Originally approved for treating type 2 diabetes, these medications have quickly gained popularity for obesity treatment and general weight loss, despite their high prices and limited insurance coverage. The once-a-week injections are so popular that pharmacies

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Brace for Impact: CMS Proposes Cut to Physician Payments

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The Centers for Medicare & Medicaid Services (CMS) dropped a bombshell in July: they released their proposed rule for next year’s Medicare physician fee schedule. The big news? They’re planning to slash physician payment rates by 2.8%! Industry groups are already up in arms, insisting that physician reimbursement needs to keep pace with inflation. Here’s

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Securing Patient Data in the Aftermath of a Cyber Attack

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Experts call it the most significant cyberattack in American history! In February, a ransomware breach on Change Healthcare, a subsidiary of UnitedHealth, brought medical billing to a standstill nationwide. The attack, allegedly orchestrated by Russian cybercriminals, severely crippled payment processing for doctors and hospitals, putting some practices at the edge of bankruptcy. The repercussions of

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Value-Based Care to Soar in 2024

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Value-based healthcare is beginning its anticipated acceleration in 2024. This model is all about making sure patients get the best care possible while keeping costs in check in a tough healthcare environment. Instead of just paying for every service a patient receives, regardless of how effective it is, value-based care focuses on the outcomes of

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The Vital Role of Credentialing and Provider Enrollment Services

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Are you facing significant hurdles with provider enrollment and credentialing? Is this negatively impacting your cash collections?   We understand and we hear it every day.   With streamlined and efficient provider enrollment processes, physicians can focus on healing and saving lives, while patients receive quality care. Keep reading to learn how Legacy Consulting Services brings significant

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Turning Revenue into Cash: The Importance of AR Follow-up and Timely Filing

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In the intricate landscape of healthcare, managing the revenue cycle and reimbursement is a constant challenge for practices. Timely filing of claims and timely AR follow-up is a pivotal aspect that directly impacts cash flow. Failure to adhere to timely filing limits and appeal deadlines set by different payors can lead to significant financial losses

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One Size Doesn’t Fit All: Customizing a Financial Plan for Your Healthcare Practice

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In the dynamic landscape of healthcare, managing the financial health of your medical practice is paramount for sustainable growth and effective patient care. Legacy Consulting Services has the proven expertise to provide customized solutions to navigate revenue cycle management.  The Challenge for Revenue Cycle Management Healthcare practices face many challenges in maintaining robust financial health.

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Navigating the Maze: The Impact of Changing Coding, Billing, and Reimbursement Guidelines

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In the dynamic landscape of healthcare, where coding, billing, and reimbursement guidelines are in a constant state of evolution, healthcare administrators, medical billing specialists, and practice managers find themselves facing a wide array of challenges. Staying ahead of these changes is not just a necessity but a strategic imperative. Challenges Faced by Healthcare Professionals 1.

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Credentialing

Are the Complexities and Challenges of Provider Credentialing Getting any Easier?

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As unfortunate as it is, the answer to this question is “Not really.”  While many payors have moved to electronic applications and email follow-ups, there are still numerous complexities. In addition, it is still a very time-consuming process.  Most practices and providers underestimate the criticality of onboarding and credentialing providers as quickly as possible for

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