Medical Billing Blogs
Healthcare providers continue to be a prime target for hackers. According to Bitglass, cyberattacks on medical providers rose by over 55% in 2020 compared to previous years as many practices focused on virtual care. Patients’ data is extremely valuable on the black market, and hackers know that clinics are often not well-protected.
Ushering in this year’s enrollment period, the Biden-Harris Administration announced their continued efforts to lower costs and expand access to healthcare. According to CMS, it will be the most competitively priced marketplace in history.
Beginning January 1, 2023, the Rural Emergency Hospitals (REHs) designation will become available. Announced in the Consolidated Appropriations Act of 2021, it was created to address the specific complications that rural providers face in the health care system. Eligible hospitals can apply for this new Medicare designation if they align with the conditions.
As we enter Q4 of the year, the healthcare industry continues to see struggles with retention and staffing. According to an MGMA stat, this supports a poll by medical practices that found 73% rank staffing as their biggest challenge in 2022.
As with all services, there comes a time to evaluate whether or not you’re receiving the right service for your needs. We’ve put together a guide to help you evaluate your outsourced medical billing partner so you’re making the right investment.