According to the Centers for Disease Control and Prevention (CDC), in 2020, 126,240 new colorectal cancers were reported in the U.S., with 51,869 deaths from colorectal cancer. Colonoscopy is the most common procedure used for CRC screening. Recent policy changes have...
Why Outsourcing Preauths and Insurance Verification Is a Game Changer
Medical practices face several challenges that can hinder efficiency and impact revenue cycles. One aspect that the front office often has problems handling is checking patients’ insurance coverage. While a patient's insurance coverage may seem straightforward, not...
Overview of the Dental Billing Process
Just like in any other specialty, accurate billing is crucial in dental practices too. It is essential to running a dental practice because it affects the practice’s financial stability and profitability. Dental billing has become a complex and critical task as the...
Proven Strategies to Maximize Cash Flow in Medical Practices
Running a successful medical practice involves not only providing quality patient care but also managing the financial aspects that keep your practice thriving. One crucial element of financial management is maintaining a healthy cash flow – the lifeblood of any...
Importance of Accurate and Compliant Coding in Minimizing Denials
A key component of revenue cycle management (RCM), medical coding involves converting medical services, diagnoses, procedures, and equipment into codes for claim submission. Accurate and compliant coding is necessary to minimize denials and for providers to receive...
Optimizing Cost Efficiency: The Advantages of Outsourcing Medical Billing
Managing medical billing can pose significant challenges. Regardless of the size of a healthcare practice, the process of generating and submitting claims to insurance providers and patients for healthcare services rendered involves substantial costs. Poor billing...
Will AI Replace Medical Coders?
Artificial Intelligence can play a role in medical coding by reducing human coding errors, increasing efficiency, ensuring on-time claim submission and processing, and thus accelerating the revenue cycle. AI tools can also process a large amount of data quickly,...
Advantages of Collecting Out-of-Pocket Payments in Real Time
Verifying a patient’s insurance coverage before their appointment is a key step in the medical billing process. Insurance eligibility verification helps healthcare providers determine what services are covered under a patient’s insurance plan and what costs the...
Best Practices for Ensuring Accurate Health Insurance Verifications
Healthcare professionals play a key role in the patient eligibility verification process. Accurate verification of insurance coverage is crucial to a medical practice’s financial stability. Ensuring that every detail is meticulously verified can be a challenging task....
Understanding the Impact of Insurance Verification on Patient Satisfaction
Patient satisfaction has become a critical measure of success for healthcare providers. Insurance plays a vital role in determining the financial aspects of patient care. Insurance verification services involve a series of steps for determining patient coverage and...