Many practices have their rejections and denials follow-up down to a fine art. But many may be leaving money on the table with their insurance and patient AR follow-up practices. Consider the following questions: How effective is your practice at collecting patient balances? Insurance balances? Do you have AR > 90 days less than 20%? […]
Effective Insurance and Patient AR Follow-Up Read More »
Understanding the revenue cycle for your practice can seem like a mystery. But there are several areas you can focus on to make sure your revenue cycle stays under control. 1. Charge Entry Make sure your claims are as clean as possible prior to submission. It is more complex than just keying charges from a
The Ultimate Revenue Cycle Checklist Read More »
by: Jennifer A. Geoppinger A practice’s rejections and denials are a key piece to keep cash flowing swiftly for the practice. So is office workflow. But with the looming change to value based care coming, there are certain key areas that practices should be watching for to ensure minimal impact to their revenue. None of
How Value Based Care is Changing Your Revenue Cycle Read More »
By: Amanda Campbell We all understand the complexity behind just simply filing a claim. What about after the claim is submitted to the payer, beyond the clearinghouse? Once a claim is accepted into the adjudication system or payer processing system there are typically five different processes in which the claim must be reviewed. For larger
The Adjudication Process: At a Glance Read More »
Perhaps your practice already requires patient co-pay at check in. Congratulations! You are daily performing a Best Practice to keep your office patient AR more manageable. But perhaps your office still collects co-pays at check out. How often does a patient slip by without paying? Do you have a guide available based on the patients’
Patient Payments: Changing the Way You Collect Read More »
A recent article from Global News Wire anticipates a 12.89% growth in the Revenue Cycle Management industry over the next four years. And there are many reasons more and more providers are deciding to outsource their medical billing and collections. Expertise It is often more cost effective to bring on a medical billing company to take
Expected Revenue Cycle Growth through 2020 Read More »
Efficiency. It is more than just a buzzword in today’s business world. It’s a necessity. And one of the biggest hindrances to efficiency is communication. If communication does not flow freely between departments, patient wait times can be longer, morale can be reduced and overall workflows slowed down. Many practices historically have had their various
Closing the Communication Gap Read More »
HIPAA (Health Insurance Portability and Accountability Act of 1996) regulations are more stringent now than ever before. Healthcare Technology is an ever evolving piece of the puzzle where providers need to make sure their staff have appropriate access, but use that access within the confines of their daily duties. And with many practices outsourcing some or
HIPAA Compliance, Now More Than Ever Read More »
