Expert Medical Billing & Revenue Cycle Management Tips
Stay informed with the latest insights in medical billing, revenue cycle management, and healthcare financial strategies. Our expert-driven blog covers industry updates, best practices, and practical solutions to help your practice optimize billing, reduce denials, and maximize revenue. Explore our articles and take control of your financial success today!
No Surprises Act – Mental Health Providers Requesting Exemption
Now two months into 2022, the healthcare industry has started to adjust to the No Surprises Act, which took effect January 1, 2022. The bill regulates out-of-network medical bills and how much a patient can be billed during an emergency visit or from an out-of-network provider located at an in-network hospital or clinic.
Setting Goals for Your Medical Clinic in 2022
As we enter another year dealing with the complications and strains of COVID-19 on the healthcare system, it’s more important than ever for medical clinics to know their goals for 2022. There was most likely an overall end-of-year evaluation done to know the yearly budget, and hopefully that included a list of aspirations to help guide your clinic’s growth.
Cash vs. Insurance: Medical Costs and What Providers Should Know
With reimbursement rates constantly changing and the No Surprise Act taking effect January 1, 2022, many providers are looking at a challenging first quarter. Collecting payments has already become a large issue for clinics across the nation, but now the added complication when dealing with insurances may continue to force billers to spend more time and money on negotiating claims.
Starting the Year with the No Surprises Act
The No Surprises Act has officially been instated, which means providers should be adjusting their billing process as needed for out of network billing. The Act seeks to reduce the amount of surprise bills patients are sent when they receive care from out of network doctors or hospitals that they did not choose or were unaware they were outside of their coverage.
The Importance of Good Customer Service in Healthcare
Seeking healthcare, whether it’s for physical or mental needs, can be a tiring and complicated process. Patients can get frustrated when trying to find a provider in their network, so they are typically looking for quick, pleasant, and efficient service.
Common Efficiency Issues in Medical Offices
Maintaining an efficient office should be one of your top priorities going into 2022. Or, in some cases, improving the workflow may be your goal instead. To assist, we have gathered up some of the most common ways that offices may be falling short and some solutions.
Billing Telehealth And How To Avoid Denied Claims
As the popularity of telehealth continues, it’s important for medical clinics to be properly reimbursed for these services—especially if they are a newer edition to their typical offerings. For your convenience, we’ve put together some ways to help avoid denied claims:
In-house vs Outsourced Medical Billing: the Pros and Cons
As budgets are reevaluated for the new year, many clinics may still be on the fence about potentially moving over to outsourcing their billing. To help decide, here are some common pros and cons discussed before the decision.
Prepare for 2022: The No Surprise Medical Billing Act Goes Into Effect January 1
Providers should be prepared for the “No Surprises Act” to officially take effect in only a few short weeks. The law was signed in December 2020 and outlined to begin on January 1, 2022. This has given providers, insurance companies, and other healthcare professionals the time to plan out how they will be going along with this big change.
The Importance of a Structured Process for Aged Medical Billing Accounts
As a fresh new year looms ahead, medical clinics should be taking the time to audit their billing. The sheer number of patients they see in a year or even a few months can make it difficult to keep up with their claims volume and the many stages they will be at whether it’s paid, outstanding, late, or aging. Failing to properly track the stages for follow-up could result in a large amount of lost revenue for a provider.
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