Medical practices should constantly seek ways to save money and boost efficiency. Investing in the right medical billing software accomplishes both. Today, we’ll explore the perks that come with it.
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Comparing Value-Based Care with Fee-For-Service
In healthcare, there are two main payment models: Value-Based Care (VBC) and Fee-for-Service (FFS). This article explores the meaning of both payment models, their pros and cons, and their primary distinctions. Overall, readers will understand the importance of understanding the… Read More
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Streamline Care, Boost Revenue: Why Automate Prior Authorization?
Prior authorization aims to ensure safe, effective, and high-quality patient care, but its manual processes can be costly, time-consuming, and hinder patient care. Automating prior authorization offers numerous benefits for both providers and patients. Here’s why:
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Ways to Raise More Revenue Within Your Medical Practice
Any medical practice will want to generate as much revenue as it can. You’ll need to bring in more patients and keep them happy to do this. The more patients you have, the more money you’ll make. While this idea… Read More
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Tips to Promote Success in Your Healthcare Claims Audit
Coding, billing, and compliance audits are not to be taken lightly; they play a vital role in uncovering areas that prevent compliance in your claims submissions, and your revenue generation can also be impacted. That’s why you need to maximize… Read More
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Mental Health Billing Mistakes That Facilities Make
Working through an insurance claim is no walk in the park for a mental health practitioner, especially when your practice is small or independent. Compared to other types of medical billing, mental health billing has more complexities that make facilities… Read More
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Mistakes To Avoid Making in Urgent Care Billing
You want to bring in as much revenue as possible if you have a medical facility. The problem is that a facility can lose money in many ways without being careful. Urgent care billing is one of those areas in… Read More
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What Can Frustrate Patients at a Medical Practice
Once upon a time, people stuck with their doctor through many years unless something terrible happened. This was often due to a lack of options, but it was also because finding another doctor or office was often tricky. That’s not… Read More
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How Medical Claim Denials Impact Your Industry
If you run a medical practice, you’ve undoubtedly come across claim denials at some point. While a denied claim doesn’t seem a big deal at first glance, one rejection can turn into many. As they accumulate, the loss in revenue… Read More
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How Technology is Benefiting the Medical Billing Industry
Technology has expanded every industry, including the medical industry. Technology provides critical functionality to medical professionals and patients. Medical billing professionals also use tools and solutions to their advantage, positively impacting the revenue management cycle to improve clients’ bottom line. More and… Read More