For any kind of practice, an efficient medical billing process is essential to ensure smooth submission and follow up on medical claims. When it comes to receiving timely payments, accurate billing and coding are key. Accuracy also ensures that patients are billed...
10 Things to Consider When Choosing a Medical Billing Company
Managing medical billing in-house can be complex, costly and take up a huge amount of your staff’s time. These are just some of the reasons the demand for medical billing outsourcing services is rapidly growing. According to Market Research Future, the medical billing...
How to Choose the Right Medical Coding Company for Your Practice
Assigning correct codes is crucial. A growing number of practices are choosing to outsource this responsibility to a professional medical coding company. One reason for this is the national shortage of medical coders. In 2023, the American Medical Association reported...
Navigating Colonoscopy Billing and Coding Guidelines
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,...