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Reading Time: 4 minutes Medical claims denials will happen. But how many denials are you getting per month? More than 10%? More than 20%? Not sure? A recent Healthcare Information and Management Systems Society (HIMSS) survey shows that 3 out of 4 (76%) of…
Reading Time: 4 minutes Do you have insight into your practice’s financial health? Do you know how much of your accounts receivable is older than 60, 90, or even 120 days? MGMA recommends that less than 14% of your A/R should be 90+ days…
Reading Time: 4 minutes Are you struggling with outstanding account receivables? Did you know that research shows practices only collect about 12% of outstanding balances at the time of service and collect nothing approximately 67% of the time? Also, it has been shown that…
Reading Time: 4 minutes In-house Medical Billing Initially, physician’s offices had a person in-house that handled everything having to do with billing for the practice. This person added to the overhead of the office – about 10 – 12% and handled everything from A-Z…
Reading Time: < 1 minute As we progress in the use of telemedicine to assist patients in minimizing the risk of contagion, one key concern has already been addressed, several states have loosened up most licensing requirements to facilitate emergency medical care beyond state lines….
Reading Time: < 1 minute The COVID-19 pandemic continues to impact many communities across the United States. The common goal is to slow the spread of disease, and one-way medical offices have been helping is by canceling non-urgent elective procedures and using telemedicine instead of…
Reading Time: < 1 minute On 3/28, The federal government announced a plan to offer advance Medicare fee-for-service payments to all Medicare Part A and B providers impacted by the COVID-19 pandemic and offer them some financial relief. This type of accelerated reimbursement is allowed…
Reading Time: < 1 minute The rapid expansion of COVID-19 increases the demand for medical personnel. The levels of occupational stress may lead to mental and physical exhaustion, absenteeism, staff discontentment, anxiety, and patients will feel the heat. For doctors, burnout is one of the…
Reading Time: < 1 minute Many medical offices have established protocols for assisting patients in need of medical care. You should not be the last. Here we share some important tips: • Triage patients utilizing your available resources such as telemedicine or telephone encounters. •…
Reading Time: < 1 minute Since the outbreak of respiratory illness caused by a novel (new) coronavirus first identified in Wuhan, China was made known, many have been following its development. On February 11, 2020, the World Health Organization announced an official name for the…
Insurance Eligibility
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Account Management