Outsourcing medical billing is no longer a new concept. This strategy is now widely used and typically results in larger cost savings and better outcomes due to its streamlined processes, superior systems, technologies, scalable economy, knowledgeable and experienced workers. In today’s complex and evolving market, successfully managing medical billing and coding is a strategic advantage …
Medical care is clearly an important part of staying healthy, but expensive medical bills can put a strain on your bank account. Medical debt can have a bad impact on your credit score because the debt has already been sent to collections by the time it appears on your credit report. Even if you are …
Medical billing fraud costs the federal government and private insurance companies billions of dollars every year. Some of this is unintended due to billing errors or fraudulent medical billing and coding services poor business practices. On the other hand, medical fraud can be deliberate and result in criminal charges. Because fraud often takes a long …
How to Avoid Fraudulent Practices in Medical Billing and Coding Services? Read More »
A healthcare clearinghouse serves as a link between healthcare providers and insurance companies. A clearinghouse efficiently checks medical claims for errors to ensure that they are processed correctly by the billing company. Clean claims and any associated medical records are sent electronically to clearing house for further processing. Clearinghouses can also accept non-standard data and …
The clean Claim ratio is the average number of the first submission cleared claims. An average of 95 percent or above is an excellent claim clearing ratio. If your clean claims ratio is below 85 percent, your staff is spending a lot of time identifying denial reasons, communicating with insurance companies and resubmitting claims. The …
How A Medical Billing Firm Help To Boost Clean Claim Ratios? Read More »
Knowing your financial metrics and utilizing the data you acquire to boost practice income is key to building a successful financial future for your medical business. Effective revenue cycle management with medical billing and coding companies includes a lot of efforts to increase collections. The net collection rate of practice is fundamentally a performance statistic; It assesses …
Improve Net Collections with Medical Billing and Coding Companies Read More »
Most doctors start their practice to serve their patients better and enhance their relationships. However, it’s increasingly difficult to stay afloat with the Affordable Care Act, ICD-10 modifications, and other variables affecting medical billing compliance. Some aspects of your medical practice have a significant financial influence on the revenues. When you handle these areas in …
With the rapid expansion of healthcare businesses, the demand for experienced staff to streamline medical billing services for small practices have also increased. Technology growth has a significant impact on managing healthcare medical billing services. The reimbursement process is complicated and requires dedicated staff to clear claims and recover payments, as managing data and providing …
14 Major Reasons to Opt For Medical Billing Companies Read More »
The relationship with your medical billing company needs to be a true partnership, as you are trusting medical billing service companies to increase your cash flow, revenues, and patient satisfaction to an extent. The practice depends on the medical billing company’s expertise, workflows, and professionalism to become profitable. If the medical billing service companies show negligence in …
Why BellMedEx Stand Out From Other Medical Billing Service Companies? Read More »
Outsourcing medical billing and code administration is proven to be a strategic advantage point for healthcare practitioners in today’s complex and growing healthcare economy. Its streamlined processes, superior systems, state-of-the-art technologies, economies of scale, and experienced workers with specialized knowledge and experience often result in more significant cost reductions and improved outcomes. Assume you’re a …
