While the fax machine has become a bit of a dinosaur in many business offices, its prominence persists for a majority of private medical practices. Studies from only a few years ago reveal 90% of healthcare providers rely on the fax machine as a primary means of communicating and sharing information with other providers, billers
October 1, 2014 is when doctor’s offices have to begin using the new diagnosis codes, known as ICD-10 for filing claims with Medicare, Medicaid, all private insurance, and workers compensation. While the purpose of the change is to allow medical providers to bill with more detail such as left versus right side. The consensus is
The threats to medical billing companies using a traditional model are so severe that most businesses will not survive. There are times when continuing to do business the way you always have is an acceptable choice. You may not be as successful as some competitors, but you’ll still be in business. This is not one
The medical billing industry is in the midst of a sea change, which means tremendous opportunity for those who understand what’s coming and prepare accordingly. For that, we need to look at where we’ve been (2011-13), where we are now (2014), and where we’ll be in the next couple of years—for five key areas. 1.
As a medical billing service, it’s hard to soar with the eagles when your billing software is a turkey. Turkey software is the kind that gobbles up all your time, keeps you pecking around in data entry, and offers no way to help your clients stuff the financial holes so common in manual processes. In
One of the hardest tasks for small business owners is taking a step back to evaluate their business by looking at where the industry is, where it’s going, and where the opportunities are. So let’s take a moment to do just that. We’ll start with the fact that the outsourced billing sector is growing at
As technology improves and healthcare reform rolls along, many physicians and practice managers are asking their medical billing companies for advice on electronic record systems. Some practices are moving from paper to digital; others are unhappy with their current system and want to upgrade. Most know that they want their patient records to work well
Hiring a medical billing company makes sense for many practices, but it’s important to ask the right questions so your practice makes the right choices. Here are some essential questions to ask the companies you’re considering. Here are some essential questions to ask the companies you’re considering. 1. How long have you been working in
Over 200 million claims are denied every year according to the Social Security Administration… Undeniably, medical billers play extremely crucial roles in our industry. Tasked with a job that requires expert knowledge of the ever-changing regulations, accurate coding and the ability to navigate the many different claims processes of health insurance companies. They ensure that
PracticeSuite Infographics Simplifying Patient Payments [Infographic] Alongside co-pays and deductibles, patient payments can be confusing. Learn more about how your practice can simplify payments using technology. Download Now Enhanced Patient Payment Experiences Drive Revenue Growth [Infographic] The experience you create around patient payments has a large impact on how your practice views revenue and growth.
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