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!
Partnering with Outsource Receivables, Inc. – Your Trusted Third-Party Medical Billing Partner in Minneapolis, MN
In the bustling world of medical practice management, juggling patient care with the intricate demands of medical billing can be overwhelming. Recognizing the need for a trusted, knowledgeable partner to navigate the complexities of medical billing, Outsource Receivables, Inc. emerges as the ideal solution for healthcare providers in Minneapolis, MN seeking comprehensive third-party medical billing services.
AMA Releases CPT 2024 Code Set: Enhancing Language Inclusivity and Streamlining Medical Procedures
The American Medical Association (AMA) has recently announced the release of the CPT 2024 code set, bringing several noteworthy updates and improvements to the medical community. Among these changes is an important focus on language inclusivity, which aims to bridge communication gaps between healthcare providers and Spanish-speaking patients. In this blog post, we will delve into the key highlights of the CPT 2024 code set, including the addition of Spanish-language descriptors, consolidation of codes for COVID-19 immunizations, and other significant revisions that streamline medical procedures and foster a more inclusive healthcare environment.
The Crucial Role of ORI as Your Trusted Medical Billing Partner
When it comes to managing the complexities of medical billing and coding, handling it internally or through a billing company can become overwhelming, impacting the overall success of your medical practice. That’s where Outsource Receivables Inc. (ORI) steps in as your reliable medical billing partner, making a significant difference. With our dedicated team, extensive experience, and tailored solutions, ORI is the trusted ally you need to optimize your medical billing processes. In this article, we’ll delve into the key reasons why partnering with ORI is crucial for the success of your medical practice.
Top Medical Billing Technology Trends for 2024: Enhancing Efficiency and Accuracy
In the ever-evolving healthcare industry, staying up-to-date with the latest technological advancements is crucial for medical billing professionals. As we approach 2024, it’s essential to anticipate the emerging trends that will shape the landscape of medical billing technology. In this blog post, we will explore the top medical billing technology trends for 2024 that can enhance efficiency, accuracy, and streamline the revenue cycle management process.
Why You Should Choose ORI for Your Medical Billing Needs
As a clinic or healthcare provider, keeping up with medical billing can be a daunting task. Not only does it require staying up-to-date on changing regulations, but it also requires significant staffing and technology resources. So why not consider outsourcing your medical billing needs to a trusted partner like Outsource Receivables Inc. (ORI)?
Navigating the New Normal: Mastering Patient Access Amidst Operational Challenges Part 2
In our previous discussion, we peeled back the layers on the upheavals the healthcare industry faces, guided by insights from the August 2023 MGMA Data Report. From rapid operational shifts due to pandemics to the great staffing crisis, the challenges were numerous. However, the industry’s resilience shone through with innovations aimed at improving patient access. Today, we’ll traverse the financial landscape, delve into the adoption of value-based care, and look through the patient’s lens at healthcare access.
Navigating the New Normal: Mastering Patient Access Amidst Operational Challenges Part 1
In recent years, the healthcare industry has witnessed a profound shift, particularly concerning patient access and the operations of medical practices. As if managing patient care wasn’t challenging enough, the sector now contends with factors ranging from pandemics to staffing crises. To paint a vivid picture, the August 2023 MGMA Data Report unveiled some startling insights about these changes. Let’s delve into these disruptions and identify how the industry is adjusting to ensure patients get the care they need.
The Billing Dilemma: Common Hurdles and How to Overcome Them Part 2
Remember when we talked about the maze that is medical billing? Well, strap in because the ride’s not over. Medical billing is not just intricate for the clinic billing office; it’s a vital lifeline for healthcare providers and a significant point of concern for patients. Navigating the complexities of medical billing is made easier by understanding the common challenges and their immediate solutions.
The Billing Dilemma: Common Hurdles and How to Overcome Them Part 1
We’ve all heard the nightmares about medical billing—confusing codes, a labyrinth of insurance policies, and the most minute human error that can throw a wrench into the whole process. Whether you’re a healthcare provider or a patient, navigating the billing ecosystem feels like walking through a maze and hoping you come out the other side. Navigating the complexities of medical billing is made easier by understanding the common challenges, what you can prevent, and how to address those claims that fail.
Mastering Revenue Cycle Management: Leveraging Comprehensive Reports for Effective Budgeting and Planning Part 2
In Part 1, we delved into the essentials of Revenue Cycle Management (RCM) and the crucial elements that make up an effective RCM report. We touched upon the importance of comprehensive reports in identifying financial trends, ensuring accountability, and tracking the financial health of a business.
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.