Medical Billing Blogs
Physician turnover and burnout are major issues facing the healthcare industry today. According to a recent survey, nearly 50% of physicians report feeling burnt out, and many are leaving their jobs as a result. This is true for physician owners as well as contracted providers. This not only disrupts patient care but also adds significant costs to healthcare organizations in terms of recruitment and training of new physicians.
As a clinic owner or manager, it is important to regularly evaluate your billing procedures to ensure that you are accurately and efficiently billing for your services. This not only helps to maximize your revenue but also helps to build trust with your patients by demonstrating transparency and fairness in your billing practices. Here are some steps you can follow to evaluate your clinic’s billing procedures:
Independent medical clinics working in the healthcare arena need to be HIPAA compliant. Specifically, the HIPAA or Health Insurance Portability and Accountability Act requires not only health care providers but all covered entities, business associates, managed service providers, and software companies to follow HIPAA guidelines.
Which KPIs are important to your medical clinic, and how can you use the data in a meaningful way that reduces expenses, increases quality, and improves profitability?
The American Medical Association (AMA) released updates to the Current Procedural Terminology (CPT) code set for 2023. The main goal of the updates is to simplify the codes and guidelines for evaluation and management (E/M) services to give healthcare providers more time to focus on their patients.