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!
Overview of ORI’s Onboarding Process and Why Summer is the Ideal Time to Sign with Us
Once a clinic has signed with us, we begin our streamlined and comprehensive onboarding process. Since each clinic will be a little different, we make sure to get all the necessary info our team needs to begin an efficient billing system. Overall, our onboarding process can be as quick as 30 days with a maximum of 90 days, so our clients should be aware of that timeline before signing to make sure it aligns with their goals. Our transition process includes:
The Benefits of Outsourcing Medical Billing During Low-Volume Months
As we move into the slower summer months, clinics may see a discrepancy in the volume of bills being sent out versus the cost of in-house billers. Plus, the on-staff billers may have struggled to keep up with all the coding changes that happened this year due to the healthcare industry evolving so rapidly. A solution: outsourcing your billing. Instead of one or two on-staff billers, you’ll get a whole team of billing experts working on your claims; typically, this results in less lost revenue due to late or denied claims.
Psychological Procedures and Medical Billing: Quick Guide
With mental health and other psychological treatments rising in demand, specialty clinics with those services should be aware of any industry changes in coding. Being up to date helps avoid denied claims or delayed submissions, which means less issues complicating your billing process.
Mental Health Awareness Month & Important Information for Patients
May is Mental Health Awareness Month. A healthy body needs to care for the physical and mental aspects, so this month was created to advocate the importance of mental health and help reduce the stigma around it.
How Mental Health Clinics Can Evaluate Their Processes in 2021
Since the start of the pandemic, which caused a huge shift in our society’s norms, mental health needs have drastically increased. As a result, mental health clinics have been forced to quickly adapt and try to help their communities as they have seen an influx in patients with stress, anxiety, and depression. If the clinics were not prepared for this demand in all areas of their standard procedures, they might have struggled a lot in 2020—especially because authorization for their services is complex and Employee Assistance Programs and insurances do not always cover testing and mental health services
Challenges and Opportunity for the Medical Industry After COVID-19
With the end of strict COVID regulations in sight thanks to vaccine distribution, many healthcare providers are looking forward at what changes will fade and which will stay. In general, our research has shown that digital services and systems were some of the largest challenges and opportunities that medical clinics faced and will continue to see in the future.
Partnering with Outsource Receivables: More Than Medical Billing
In this modern age where medical technology and the healthcare industry can change in the blink of an eye, it’s important to have experts on your side who can help your clinic run smoothly. In terms of billing and administrative tasks, Outsource Receivables Inc. is proud to partner with hundreds of U.S.-based clinics to give them peace of mind when it comes to their revenue cycle and other daily tasks.
Technology and How to Work Smarter Not Harder in Medical Billing
Outsource Receivables Inc. is proud to offer a comprehensive suite of workflow tools that allow our clients to work more efficiently. Here is an overview of what we offer: Practice Management A fully customizable resource, Open Practice Solutions is based on open interfacing with the systems you already use. OPS will help medical offices streamline their patient scheduling, documentation, communication between staff, and billing.
How ORI Has Helped Clients Adapt to the Evolving Healthcare Industry
The past year has been a difficult period of rapid adaptation for the healthcare industry, and we’re still unsure how it will all permanently affect the standard going forward. Additionally, clinics that were not as prepared in a digital sense found themselves at a large disadvantage
How to Measure Your Billing Process and Its Effectiveness
When your clinic’s revenue has seemed to stall or decrease, that often means there’s some issues with the medical billing system that need to be addressed. Here are some key indicators or updates to consider when assessing your billing process.
Start Optimizing Your Revenue Cycle Today
Not sure where to begin? Our FREE financial assessment will identify opportunities to improve your revenue cycle and increase collections.