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How do you measure the financial health of your healthcare business? This receivable analysis will quickly measure the financial health of your company and your accounts receivable. What is involved with an accounts receivable analysis? The three simple formulas below for your company’s Balance Sheet will reveal the negative or…
If you are a billing company that provides services in anesthesia, you have to cater best in class solutions that improve your clients practice management in best proportions. It is true that the present day demands of a provider are evolving with time and you will need to induce quality…
From pregnancy, delivery, and beyond, the OB GYN practice is dedicated to caring for women at every stage of life. Obstetrics and gynecology focus on the two medically separate states of pregnancy and non pregnancy, and these two states can be combined in a surgical-medical specialty that allows them to…
It is true that the ongoing changes in the healthcare industry demand a practice to hire and use dedicated resources that will manage urgent care billing with best in class denial management methods. The biggest challenge in urgent care billing is to ensure the right checks and balances with improved…
Making understand the therapeutic use of DME billing is crucial. Any member of insurance benefits with equipment to certain conditions that require repetitive use is DME. It will have a definitive purpose and any CPAP and BIPAP machines, devices in oxygen, ambulatory equipment, crutches, and cane fall under this category.…
Improving practice management is one of the biggest challenges for providers at present. Every year, prior authorization costs are increasing and it is critical for healthcare providers to manage the surmounting costs by streamlining authorization and verification process. Effective Prior Authorization Services: A key aspect to better prior authorization services…
Patient engagement has been a rapidly emerging movement and buzzword in the healthcare industry this year. There have been countless articles, blogs, studies, and educational forums dedicated to the topic. It has been labeled as the “The blockbuster drug of the century”. Some say, “The future of healthcare is being…
An EHR is a vital application that is becoming nearly indispensable in most medical organizations, including those that treat Medicare and Medicaid patients and want to receive financial rewards from the government in exchange for demonstrating meaningful use of certified, up-to-date EHR technology because of the efficiencies it enables. The use of…
It’s a fact that a large part of a practice’s revenue comes from successfully processed claims. And it’s also a fact that even one small error in the processing of these claims can mean immediate rejection or denial, and the loss of revenue. If there has been an incident and…
CMS will be sending letters to physician practices throughout the month of May with important, practice-specific information regarding eligibility to participate in the Merit-Based Incentive Payment System (MIPS) at the group/individual level for the performance year 2017. Everyone Taxpayer Identification Number (TIN) should enrolled to participate in the Medicare program…
