Once a healthcare provider is finished providing treatment for their patients, they start the medical claims billing process. This process can appear intimidating at first, especially whenever your medical practice does not place emphasis on paperwork or doesn’t know much… Read More
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What You Should Do Whenever Patients Don’t Pay Their Medical Bills
Regardless of industry, it’s never going to be easy handling people who aren’t paying for their services. For the healthcare industry, specifically, there are greater healthcare expenses and a rise in HDHPs, also known as high deductible health plans. Both of these… Read More
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Methods You Can Use to Collect Patient Payments
If you want to keep your medical practice well-staffed and functional, keeping a close eye on revenue is a necessity. On top of monitoring revenue, there are certain best practices you can implement that will make collecting payments much easier…. Read More
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The Good and Bad of Different Payment Models and How They Affect Practices
The Affordable Care Act, established in 2010, included a reimagining on how medical practitioners would be paid. This put emphasis on better quality at lower prices. In summary, the goal was to make the value of medical treatment better. Prior… Read More
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Cash Flow Problems Medical Practices are Facing
What can a medical practice do to improve cash flow? For all medical practices, saving money wherever you can is always appreciated. To find out where your practice can save money, though, you must first know where problems may lie… Read More
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What Electronic Health Records Do To Improve Patient Care
Electronic health records (EHRs) should be a staple for every healthcare provider. They improve the quality of care patients get as well as their safety. Similar to other health information systems, electronic health records make sure valuable data is easily… Read More
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Three Common Issues Medical Practices Make With Their Revenue Cycle
Revenue Cycle Management (RCM) is needed in order to make a medical practice as profitable as possible. A primary reason why many practices struggle with their RCM is because they are so focused on their patients, but do not put… Read More
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How to Effectively Manage Your Revenue Cycle In 2019
Revenue cycle management is the backbone of many healthcare organizations. It has come a long way over the last few decades because of the advancements in technology. Today, we have medical billing technologies that have been game-changers in the healthcare… Read More
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How Hospitals Can Improve Their Billing and Collections Processes
All medical practices need to have clear collections and medical billing processes. In 2018, many hospitals are struggling to collect payments from not only patients, but insurance companies too. It can be argued that this is getting increasingly more difficult… Read More
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Who Is In Favor Of Co-locations?
In the world of healthcare, the term ‘co-location’ refers to a medical facility which contains multiple entities. In other words, at a co-location facility, you may not need to drive to other locations in order to receive the care that… Read More