Soon, 2023 is going to end, but the efforts of medical billing services to perform exceptionally will not. Let’s have a look at 2023; How has this year gone so far? At first glance, we can see how effectively the healthcare sector is bracing itself for new trends. And all these trends are making 2023…
Correct medical bills matter for successful revenue collection. Therefore, we emphasize maintaining the accuracy of financial records the most. Another factor that medical billing services adhere to is compliance with billing regulations. Here comes the role of write-offs in healthcare billing services. Write-offs are one way of determining the amount of actual revenue collected by…
The compliance and security issues in cardiology billing are not new to us. Healthcare IT has put forth tremendous efforts to increase the internal security of medical billing companies. That’s how they can interrupt unauthorized people from reaching the healthcare data so easily. Alongside this, they inform the cardiology billing companies about the security actions…
Medical billing services hold a paramount position in the healthcare landscape. Mainly, they help healthcare providers get proper compensation for rendered services. People usually get confused about the medical billing process. They merely consider the coding and charge submission as part of the whole process. But it is not true. It consists of a detailed…
Medical billing companies are classified as a handful of entities in the US. According to current statistics, America has almost 3,000 medical billing companies. So, we can say that a major population in the US is in the healthcare business in some way. It seems a little challenging to count the exact number of professionals…
Behind every thriving medical practice are efforts from its administrative and clinical staff. These bodies act as the brain for the practice and make considerable judgments and decisions. They not only gather and store significant PHI but also share it using authentic, safe portals. Thereby, they do the critical thinking required to fuel their healthcare…
HIPAA compliance in medical billing services acts as a privacy law for securing, managing, and transferring protected health information (PHI). Where Protected Health Information (PHI) is the main goal of HIPAA, it also filters the audience reaching this data. Therefore, it has covered a variety of components such as data control laws, various safety rules,…
Medical records retrieval time can be reduced by making your medical billing services more efficient and quicker by using automated technological solutions. Medical record keeping is a mandatory part of the healthcare sector. It secures the backbone of every organization. Medical record storage is equally useful for medical billing services, patients, and insurance providers. Therefore,…
Medical Billing Services and Small Practices Whether you’re running a small practice with between 1-5 physicians or a big practice that is capable of treating a large number of patients. You always require a company that can check on the billing and coding issues along with the claims. Almost 73% of the healthcare providers report…
We all know that MIPS 2021 reporting has been struck by the corona pandemic, which has affected many areas more or less. Fortunately, CMS (Centers for Medicare and Medicaid Services) has granted some relaxation that can be helpful and convenient for MIPS Qualified Registries and healthcare professionals. A Little History about Reporting This inventive payment program promoted…