A recent report CNNMoney report states that physicians in the U.S. have started selling their private practices to big hospitals because of rising business costs and falling reimbursements from insurance companies. For the last five years, more than 30% to 40% of...
Medical billing is one of the most significant business functions of a medical practice. Efficient billing practices save costs and generate revenue. One of the most debated questions is whether physicians should outsource medical billing or perform the operation...
Medicare appears to be the more badly hit because of increasing health insurance expenses An aging populace and a very slowly recovering economy are taking their toll on the long-term condition of Medicare and Social Security, the United States’ government’s biggest...
The pressures associated with heavy patient inflow, patient scheduling, medical emergencies, and general administration makes it difficult for healthcare practices to give patient care and back office tasks the level of dedication they demand. Added to this is the...
Any hospital or clinic would want to reduce office expenses, speed up the rate of reimbursement, do away with claim denials, limit aged receivables and improve cash flow and profit. That’s why you’ll find a lot of them considering medical billing outsourcing to make...
