Understanding Denial Management And How It Works

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

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

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

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

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

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

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

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?

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

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
1 2 3 4