What Is Payment Posting In Medical Billing?
Payment posting plays a crucial role in the medical billing and the revenue cycle management process, making it an integral element for the provider to complete the reimbursement process. In addition, this enables healthcare providers to monitor and track its
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Ways You Can Prevent Medical Billing Errors At Your Practice
While there aren't comprehensive statistics on medical billing errors, Boston-based healthcare advocacy group Access Project estimates that up to 80% of medical bills include errors. In most cases, a lack of proper training, understaffing, lack of pre-authorization procedures, and using
Read More
Understanding Denial Management And How It Works
According to a survey conducted by Harmony Healthcare, there has been a 20% increase in claim denial rates over the past five years. With the global takeover of the COVID-19 pandemic, this issue has only worsened, and the figures are
Read More
Understanding Claims Scrubbing And Why It Matters
Many healthcare professionals are highly knowledgeable in practicing medicine but have no experience in the administrative processes of medical billing. In conjunction with the ever-changing nature of medical codes, this lack of understanding can complicate the claim submission process in
Read More
Top Benefits Of Payment Posting In Medical Billing
The accumulation of late reimbursement, claim denials, and the failure to submit timely claims can significantly impact a healthcare practice's financial strength and stability. Therefore, payment posting is a simple yet critical step in any medical billing process and is
Read More
Tips For Reducing Claims Denial Rates For Your Medical Practice
Let's admit it: Claims denial is a common challenge that many healthcare practices face. According to a Medical Group Management Association report, there was a 69% increase in denials in 2021. This, paired with the coronavirus pandemic, places significant financial
Read More
The Importance Of AR Follow-Up In Medical Billing
With the healthcare field gradually expanding, so will the number of services healthcare providers offer. Typically, in every medical billing department or company, there will be a dedicated Accounts Receivable (AR) follow-up team responsible for making the reimbursement process more
Read More
The Importance Of A Successful Medical Billing Charge Entry
A charge entry refers to the process of verifying the medical codes used in the charge slips during the medical billing process. This is also when a monetary value is assigned to the patients following their medical records and history
Read More
Steps To Increasing Your Clean Claim Rate Submission
Do you know that having a clean claim rate submission is key to maximizing the revenue of your healthcare practice? Therefore, it is important to pay careful attention to the percentage and rate of claim denials and first-pass claims acceptance.
Read More
Medical Billing Tips To Maximize Your Revenue
With the constant changes in the rules and regulations of medical codes and billing, every healthcare practice institution must stay on top and be well-informed. In conjunction with the continuous need to keep up with the revenue cycle, medical billing
Read More
What Is Payment Posting In Medical Billing?
Payment posting plays a crucial role in the medical billing and the revenue cycle management process, making it an integral element for the provider to complete the reimbursement process. In addition, this enables healthcare providers to monitor and track its
Read More Ways You Can Prevent Medical Billing Errors At Your Practice
While there aren't comprehensive statistics on medical billing errors, Boston-based healthcare advocacy group Access Project estimates that up to 80% of medical bills include errors. In most cases, a lack of proper training, understaffing, lack of pre-authorization procedures, and using
Read More Understanding Denial Management And How It Works
According to a survey conducted by Harmony Healthcare, there has been a 20% increase in claim denial rates over the past five years. With the global takeover of the COVID-19 pandemic, this issue has only worsened, and the figures are
Read More Understanding Claims Scrubbing And Why It Matters
Many healthcare professionals are highly knowledgeable in practicing medicine but have no experience in the administrative processes of medical billing. In conjunction with the ever-changing nature of medical codes, this lack of understanding can complicate the claim submission process in
Read More Top Benefits Of Payment Posting In Medical Billing
The accumulation of late reimbursement, claim denials, and the failure to submit timely claims can significantly impact a healthcare practice's financial strength and stability. Therefore, payment posting is a simple yet critical step in any medical billing process and is
Read More Tips For Reducing Claims Denial Rates For Your Medical Practice
Let's admit it: Claims denial is a common challenge that many healthcare practices face. According to a Medical Group Management Association report, there was a 69% increase in denials in 2021. This, paired with the coronavirus pandemic, places significant financial
Read More The Importance Of AR Follow-Up In Medical Billing
With the healthcare field gradually expanding, so will the number of services healthcare providers offer. Typically, in every medical billing department or company, there will be a dedicated Accounts Receivable (AR) follow-up team responsible for making the reimbursement process more
Read More The Importance Of A Successful Medical Billing Charge Entry
A charge entry refers to the process of verifying the medical codes used in the charge slips during the medical billing process. This is also when a monetary value is assigned to the patients following their medical records and history
Read More Steps To Increasing Your Clean Claim Rate Submission
Do you know that having a clean claim rate submission is key to maximizing the revenue of your healthcare practice? Therefore, it is important to pay careful attention to the percentage and rate of claim denials and first-pass claims acceptance.
Read More Medical Billing Tips To Maximize Your Revenue
With the constant changes in the rules and regulations of medical codes and billing, every healthcare practice institution must stay on top and be well-informed. In conjunction with the continuous need to keep up with the revenue cycle, medical billing
Read More
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