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!
Best Practices for Front Desk Procedures to Ensure Accurate Medical Billing
While medical billing requires extensive knowledge of the constantly adapting medical codes, it also requires accurate information from the staff who collect those initial details from and interact more regularly with the patient.
How COVID-19 Will Continue to Shape Clinics in 2021
If there’s one thing that will most likely continue after COVID-19 becomes more controlled through a widely distributed vaccine, it’s providers taking advantage of virtual visits—especially for rural areas or for routine check-ins. To save staff time an for patient convenience, these tele-health appointments will allow clinics to better serve their patients from anywhere.
The New CPT Code All Billers Should Know: 99072
As with the majority of healthcare updates in the industry this year, the AMA released a new CPT code that aims to relieve some of effects of COVID-19 on providers. As a result of the pandemic, PPE and staff have been in high demand across all types of medical care, so this code was created to offset the long-term needs for extra precautions such as the increased cleaning and equipment. Effective September 8, 2020, the 99072 code can be applied to non-facility settings for expenses related to supplies, equipment, and staff time performed during the COVID-19 pandemic, officially categorized as a public health emergency as defined by law.
Beginning January 2021: Updates to E/M Coding and Medical Billing Conversion Factor
Outsource Receivables Inc. strives to stay updated on changes in the healthcare industry while also helping our clients and other healthcare professions stay informed as well. As we enter 2021, there are important changes occurring in E/M codes (evaluation and management services) and Medicare that providers and billers should know.
Outsource Receivables Has Earned a Seal of HIPAA Compliance
Outsource Receivables Inc. is proud to announce that they have attained the seal of HIPAA compliance from the Compliance Group. Since 1996, the Health Insurance Portability and Accountability Act has been used by relevant healthcare entities and businesses to outline the lawful use and disclosure of protected health information, otherwise known as PHI. They are a strict set of regulatory compliances that help ensure those entities are properly protecting the privacy, security, and integrity of patient information; this includes private information like addresses, phone numbers, medical records, Social Security numbers, etc. Successfully achieving HIPAA compliance requires extensive documentation and grading that is reviewed by HIPAA officials.
Improving Your Clinics Bottom Line in 2021
This year has been an unprecedented period in modern healthcare, and the industry has had to rapidly adapt to the times. As a result, many clinics and providers have struggled to reach their typical revenue goals and budgets. While it could all be blamed on COVID-19, it might also be a call to improve your clinic’s internal issues. Here are a few key ones to consider that could help improve your bottom line going into 2021:
How ORI Can Help You Find The Right Medical Billing Software
A variety of factors contribute to a successful clinic: excellent front staff, experienced doctors, streamlined billing, and a comprehensive EHR software are four important ones. While some of those will depend on the staff, a comprehensive EHR software can be a large part of how staff complete their tasks, communicate with patients, and streamline medical billing.
An Overview of the CARES Act and Telehealth Expansion
As many clinics, hospitals, and other healthcare providers were heavily affected by the first wave of COVID-19 in the United States, a bill was passed this spring to help out. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was signed on March 27, 2020, and it recognized telehealth as a vital tool due to the pandemic.
The Benefits of Cloud-Based Medical Software/Billing
Cloud-based medical software is about more than just the billing—it also allows clinics to upgrade their overall process and improve their clinic efficiency. As healthcare becomes more accessible through online appointments, clinics will see a rise in patients, which means more revenue overall. With the right type of software, patients can even customize their experience so that they don’t feel overwhelmed.
Why You Should Hire ORI: Benefits of Outsourcing and Choosing a Company with Nationwide Service
The U.S. healthcare system is complex and confusing if you do not have experts on your side. Additionally, it seems medical billing continually changes. Whether it is a new law on the books about surprise medical billing, new codes, new rules regarding telehealth, or new in-office procedures due to COVID-19, change is something you can count on in the world of medical billing.
As clinics adjust to changes, the current billing team might not be up to the task. For these and many other reasons, outsourcing often makes sense for specialty clinics.
Overall, what are the benefits of outsourcing?
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