Reading Time: 5 minutes Healthcare compliance refers to the process of adhering to established guidelines, regulations, and standards set forth by regulatory bodies in the healthcare industry. These guidelines ensure that healthcare practices operate within legal and ethical boundaries, safeguarding patient safety and data privacy. Compliance is critical for several reasons: Patient Safety and Quality of Care: Ensuring […]
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Reading Time: 6 minutes At Billed Right, we prioritize Key Performance Indicators (KPIs) as essential tools for optimizing our medical billing processes. These metrics allow us to track our performance, identify areas for improvement, and ensure efficient revenue cycle management. In this concise guide, we’ll explore some of the most important KPIs for measuring practice success and how to […]
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Reading Time: 5 minutes Hi, My name is Dr Mitra Sadhu. I run a lean private practice in Florida. A lean practice is one that is laser-focused on patient wellbeing, while cutting out all the fluff. It comes from lean innovation, that had its beginnings in manufacturing and now has spread to pretty much every industry. […]
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Reading Time: 2 minutes In today’s rapidly evolving healthcare landscape, the integration of artificial intelligence (AI) holds immense promise for improving patient outcomes and streamlining medical processes. However, with innovation comes the need for robust regulation to ensure patient safety and quality of care. Recognizing this imperative, the U.S. Department of Health and Human Services (HHS) has established a […]
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Reading Time: 3 minutes Recently, a wave of cyberattacks has swept the healthcare sector, leaving a trail of disruption and uncertainty. At the heart of this crisis lies a targeted assault on Change Healthcare, a pivotal player in the U.S. healthcare technology landscape. The repercussions of this attack have reverberated nationwide, affecting patients, providers, and pharmacies alike. As detailed […]
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Reading Time: 5 minutes Welcome to the third part of our comprehensive guide on optimizing your medical practice’s marketing strategy. In this concluding segment, we would like to dive into crafting engaging value propositions and choosing the right marketing channels based on your audience. For those who missed the first two parts of our guide, catch up now: Part […]
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Reading Time: 2 minutes In a remarkable turn of events, the healthcare industry witnessed unprecedented growth in 2023, adding over 650,000 jobs, marking its most substantial expansion in over three decades. This surge, outlined in a report by nonprofit research consultancy Altarum, not only signifies a remarkable revival but also underscores the sector’s resilience in the face of challenging […]
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Reading Time: 5 minutes In the fast-paced world of healthcare, staying ahead requires a keen eye on performance metrics that truly matter. In a previous blog post, we delved into crucial KPIs shaping the pillars of Appointment Scheduling Efficiency, Financial Health, Patient Experience, and Operational Efficiency. If you missed our first part, catch up on those insightful KPIs here. […]
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Reading Time: 6 minutes Welcome to the Billed Right blog, where we’re tackling the nitty-gritty of financial challenges in medical practices. Understanding and navigating the “red zone” is crucial for doctors, practice managers, and medical staff in today’s ever-changing healthcare landscape. In this article, we’ll explore the three common reasons behind revenue decreases in medical practice. We aim to […]
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Reading Time: 7 minutes The appeals process in medical billing holds significant importance as it provides a mechanism for healthcare providers to challenge denied claims and rectify billing discrepancies. It acts as a crucial step in ensuring accurate reimbursement, maintaining financial stability for healthcare practices, and upholding the integrity of the billing system. Effectively navigating the appeals process can […]
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