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!
We’re Updating Our ROI Calculator
Just like the healthcare industry, always adapting and growing, we have updated our ROI calculator to be more effective. When utilizing it, medical practices will have to know these beforehand:
Percent over 90
Monthly Revenue
Overall AR
Monthly charges
New monthly revenue
Added yearly revenue
Preparing for 2021 – Why Cleaning Up Aging Accounts Before the End of the Year Matters
Believe it or not, 2021 will be here in a few months, which makes it the perfect time to plan a fresh start in the new year. To do this, many clinics like to focus on working their open billing and taking care of any outstanding balances. The cold season is a busy time for many medical offices, and they can get even further behind on their billing if the team can’t keep up. Then, once the holidays roll around, your staff comes back from their time off to the stress of aging accounts. To avoid that, how can clinics catch up on their aging accounts?
Front Desk Staff and COVID-19 Protocols
As the world waits for a COVID-19 vaccine, it’s clear that medical practices need to adapt to the times. You have already implemented new protocols, but these tips can still help. In general, your front staff should be equipped with the proper PPE (personal protective equipment) to safely welcome your patients. Check in with individual staff to confirm that they have access to the PPE they feel they require for their job. The waiting room will also need some adjustments to accommodate current CDC recommendations, which includes staying six feet apart and reducing the number of people in a room. Have your front desk staff ask patients if they feel safe with the clinic procedures and social distancing policies. Scheduling-wise, the front staff may also have to reduce or change their staggering scheduling to ensure that their waiting rooms are not too crowded. Then, as patients come in and out of the office, they should also be routinely sanitizing the waiting room, washing their hands, etc. Routine practices not only service to clean and sanitize but to serve as a constant reminder for staff and patients to be vigilant.
US-Based, Nationwide Medical Billing Service
We’re proud to be a part of the VSS Medical Group and have offices in Minneapolis, Chicago, and Boston. However, that does not mean we only serve those cities. Since 1998, Outsource Receivables Inc. has been providing our expertise throughout the upper Midwest. This includes clients in Minneapolis, St. Paul, Madison, Milwaukee, Des Moines, Sioux Falls, Fargo, and more. Additionally, we recently expanded to Chicago and Boston.
Why You Should Choose ORI
While our focus is on expert, outsourced medical billing, we do much more to help support our clients than just the mechanics of submitting accurate billing. We so confident in our ability to help clinics recover more of their billing we offer a guarantee. The ORI Guarantee includes the following promises: ORI will save you 15% on your billing office costs. For many clinics outsourcing will save money compared to keeping it in-house. Our technology and expertise will streamline and optimize the entire medical billing process.
Consumerism and Health Care Services
The norm of consumerism has evolved into a lot of research for the consumer: researching different products/services, reading online reviews, and comparing prices. Because of that, it’s no surprise that the same process had started to become more common for healthcare. Many patients have most likely done research to find an in-network provider, and that’s more recently extended to include price shopping as well. Thanks to online resources from insurers, providers, and government agencies, patients can now look up the average cost of their medical care. Plus, due to the complexities of health insurance, patients have started to ask more questions, so they’ll also reach out to clinics to ask about the costs of their services.
The Benefits and Challenges of Telehealth for Clinics
While COVID-19 has caused many inconveniences for clinics, there’s one positive to the restructuring occurring in the healthcare industry: accessible telehealth options for clinics and patients. Consumers and patients have been advocating for this option for years, and current circumstances have resulted in an accelerated evolution. For those who are disabled, who do not have reliable transportation, or live in a rural area that does not have a nearby specialty clinic, telehealth has become a welcome change. Not to mention, your average hectic family schedule can benefit from an online appointment.
How to Sustain Your School’s IEP and Medicaid Billing During the 2020-2021 School Year
This year has been an especially difficult one for school districts as they have had to restructure many of their normal procedures, which includes IEP and Medicaid billing. Since the majority of schools went virtual towards the end of the school year, the district might be more equipped for the fall opening, or they might still be struggling to find a streamlined billing cycle. Either way, in this time of rapid healthcare changes, many of those issues begin with incorrect reporting and gaps in school software.
EMS Billing and Inaccurate Reports: How Outsourcing Can Help
One of the most important aspects to successful ambulance billing: accurate and detailed identification and notes. Whether a ride is deemed emergency, non-emergency, or canceled, that documentation ensures the ambulance crew gets properly reimbursed for their services. However, there are often times when a patient is unresponsive or unable to remember their information, which can create issues in the Patient Care Report (PCR) that begins the billing process.
The Benefits of Efficient Reporting and Revenue Software in a Clinic
Successful medical billing is all about the balance between accurate reporting, up-to-date training, and efficient technology. Without those key elements, a clinic may begin to see a decrease in full reimbursements and disruptions to their revenue cycle. To solve these issues, clinics should take a look at their current system; how can technology upgrades improve their day-to-day and long-term tasks? Here are a few benefits to consider:
Start Optimizing Your Revenue Cycle Today
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