The Secret To Gaining an Extra 2 Hours a Day Recently, we’ve been working with a two-doctor, multi-specialty hybrid practice where 70% of their income comes from insurance billing and 30% comes from subscriptions. They’d been bursting at the seams with patients when their long-time office administrator and very experienced biller announced she was moved
Rapid growth is both a blessing and a curse. You start out with plenty of bandwidth to handle all aspects of managing your practice. Your patients love and trust you. It’s the perfect balance of care and collections. Then you grow rapidly…and before you know it, your internal structure is fracturing, billing is falling behind,
When Claims Are Denied For No Authorization Medical billers work diligently to reduce claim denials, but payers continue to expand the number of visit types and procedures that require prior authorization, leading to an upswing in denials. Around 80% of denied claims have to do with no authorization being obtained, or authorizations being requested improperly.
Practice Management Hacks Top Medical Office Managers Offer Their Smartest Tricks for Success Our Top 15 Medical Office Management Hacks For 2018 Hack #1. Evaluate the number one best, medical office management software system – Cloud based. Access from anywhere – Complete end-to-end system – 155 specialties supported – Single user edition – No purchase
Hack #8 – Effectively Managing Underpayments No doubt your practice has endured its share of claim underpayments. Thirty percent of claims are denied or ignored on first submission, and 60% of those claims are never resubmitted, according to a 2013 Healthcare Business Management Association article. Common reasons for denial of claims include incorrect patient information (such
The aim of the Health Insurance Portability and Accessibility Act (HIPAA) is to safeguard the privacy of sensitive medical information. The practice of medicine has changed a lot in the two decades since HIPAA’s passage, and it’s not always clear what lengths an office needs to take to avoid violation and comply with requirements. Data
The cost of medical care continues to rise while wrangling over the Affordable Care Act replacement continues (and it will continue). With the political turmoil surrounding this issue unlikely to settle down any time soon, the exodus to high-deductible health plans is expected to increase the self-pay payer mix by 4.2% this year. This means
They say you can’t be all things to all people, but scheduling software has to be—if it’s going to succeed in a medical practice. For starters, it has to work for patients, providers, and schedulers. Ideally, it also works for a practice’s bottom line, helping track patient balances, reducing missed appointments, and allowing double bookings
Compare & Review 2019 #1 Appointment Scheduling Software Scheduling is the fuel for your medical practice’s revenue engine. Picking the right appointment scheduling software – the right “octane and fuel type” is a leverage point that cannot be overstated. Learn what to look for, strengths, advantages, and even weaknesses of office appointment scheduling software in
Cutting-edge medicine taps the newest technologies and approaches to improve care. At the other end of the medical innovation spectrum are the communication modes in use in many practices. Email on a desktop or laptop was once cutting edge, but it’s been replaced by instant messaging on phones or tablets, at least in the non-medical
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