A hot topic for debate in the healthcare industry these days is whether a practice should outsource their medical billing or keep it in house. Let’s see why outsourcing gets our vote:
Practice Management
5 Must Follow Steps for Accelerating Revenue Cycles
Improve the Revenue Cycle Management (RCM) of your practice by following these tried and tested methods.
Measuring ICD-10 Performance: Top Metrics to Monitor
We survived ICD-10. Contrary to popular beliefs, the storm didn’t hit us as hard as we thought and many practices have settled into their new routine pretty quickly. Some though, just don’t know. They are doing everything they were taught to do, and things seem to be moving in the right direction. Will they get Read more…
How will my claim submission process change with ICD-10?
8 days to go till ICD-10 replaces ICD-9. Your software vendors and most of the large payers are probably ready by now. As for you: Train Practice and repeat Your change management skills will be tested on the big day. Don’t let nerves take over. The best way to keep nerves at bay is to know Read more…
ICD-TEN Act: What’s in it for you?
As expected, the buzz surrounding ICD-10 continues to grow as we move closer to the October 1, 2015 implementation deadline. Last week, Texas-based Republican Rep. Ted Poe, proposed the “Cutting Costly Codes Act of 2015” to block the replacement of ICD-9 with ICD-10. Now, another proposal, a more realistic and achievable one I must say, has been put Read more…
4 Practical Ways EHRs Use Real Time Analysis to Help Providers and Patients
It’s a term constantly inserted into technology conversations to make a product or action seem new and cutting edge. And while the term is undoubtedly over-used, it remains relevant because it showcases a significant truth: the way we access data is changing. In our personal and professional lives, a few clicks can now summon a Read more…
Don’t Deny your Denials: What do Denials say about your practice?
A typical Medical Practice can easily lose 7%-10% of its revenue to denied claims that could successfully be amended and resubmitted. Add to that the difficulty, at times the impossibility, of collecting directly from patients, and you’d be able to comprehend the extent of revenue you are losing despite enhanced workload. Patient collections might be Read more…
Practice Nursing Safely: Legal Tips
Nursing includes a variety of specialties and definitions that usually differ from one country to another. Broadly defined, a nurse is a person who is formally trained to take care of the sick and the disabled. But nursing is not just about that. It has many other facets related to healthcare, such as prevention of Read more…
Lessons to learn from Target data breach
Recently, the second biggest retail company in the United States revealed that data of up to 110 million customers, had been compromised by hackers. Theoretically speaking, it equates to 34% of the US population, and is a breach of massive proportions –unparalleled in history. What can the healthcare industry learn from this? Although, chances are Read more…
Is patient engagement helping physicians?
Advances in technology have increased exponentially. At the click of a single button, we can access real-time information on Twitter, Facebook and Google. The amount of information present online is huge – from celebrity gossip to patient communication channels. This is how technology is shaping our world. Do you ever feel that you just want Read more…