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...
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...
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...
Critical Care Reporting: Stay Informed and Compliant with the Latest Guidelines
Critical care medicine specialists are responsible for diagnosing and treating a diverse range of diseases. Caring for critically ill patients requires a multidisciplinary team approach. However, reporting critical care services can be challenging due to the complex...
Get Ready for These CPT Code Changes in 2024
Each year, the American Medical Association (AMA), Centers for Medicare and Medicaid Services (CMS), and the CPT Editorial Panel update the CPT code set a few months before its implementation. The 2024 CPT edition contains 349 changes, including 230 additions, 49...
Improving Financial Health: A Guide to AR Collection in Dental Practices
Running a financially healthy dental practice is no small feat. While the main priority is your patients' oral health, you also need to stay focused on your business's bottom line. Outsourced dental billing services can improve your facility's financial health by...
CPT Coding Updates 2024 – What to Know
CPT (Current Procedural Terminology) medical coding updates are crucial in the healthcare industry as they reflect the evolving landscape of medical procedures and services. These annual updates are published by the American Medical Association (AMA) to ensure that...