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
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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
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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
How Can I Enhance My Medical Claims Billing Process?
While we should expect technology to revolutionize the way we handle administrative tasks, the bureaucracy and authoritative regulations that come with it have also made the medical claims billing process more complicated and confusing than before. The act of balancing
Read More
Common Problems In AR Follow-Up To Avoid
Poor AR management, limited payment options, and claim denials are common problems many healthcare organizations face. While your AR follow-up team should be filled with experienced staff in managing these issues, the fact remains that they can be challenging to
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 How Can I Enhance My Medical Claims Billing Process?
While we should expect technology to revolutionize the way we handle administrative tasks, the bureaucracy and authoritative regulations that come with it have also made the medical claims billing process more complicated and confusing than before. The act of balancing
Read More Common Problems In AR Follow-Up To Avoid
Poor AR management, limited payment options, and claim denials are common problems many healthcare organizations face. While your AR follow-up team should be filled with experienced staff in managing these issues, the fact remains that they can be challenging to
Read More
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