Medical Billing Blogs
Payment Plans: How to Make it Easier for Patients to Pay
Increasing high deductible health plans (HDHPs) refers to the trend of patients paying for more of their health care services. When out-of-pocket deductibles reset on January 1st, patients with HDHP deductibles reset. This is not insignificant, with some deductibles being as high as $5,000 to $10,000.
How to Minimize Denials
Denials are a constant headache for healthcare organizations and their financial executives. With the denial rate increasing over the past few years, it’s time to step back and reevaluate processes. This blog will review three tips for success from the Change Healthcare 2022 revenue cycle denials index.
Advantages of Using a US Medical Billing Partner vs. an Offshore partner
The medical billing process is critical to the financial success of any healthcare organization. To maximize reimbursement and minimize denials, choosing a billing partner that fits your needs is essential. There are many factors to consider when making this decision, including cost, experience, and location. Below we will explore the pros of selecting a US-based medical billing partner versus an offshore partner.
Physician Turnover: How Outsourcing Your Medical Billing Can Help
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.
How to Evaluate Your Clinic’s Billing Procedures
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: