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Introduction With WWS your facility will be able to: Keep patients in a compliant and billable status. Keeping patients in a compliant and billable status is important for all healthcare providers, but it’s especially so for those who rely on payors to pay their claims. If you’re not following your…
Of course, putting those medical billing and coding process steps in place can be difficult. It’s even more difficult if you don’t know what an acceptable collection ratio is or how frequently you should bill patients in the first place. Make use of these medical coding tips and best billing…
Copays and ICD-10 codes are frequently related with payment posting. Theprocedure, however, entails more than just entering numbers and processing payments. The revenue cycle management method relies heavily on payment posting. Payment posting, when done correctly, can improve your practice’s cash flow and income. In medical billing, what is Payment…
Chiropractic Billing & office management can be complicated. Especially when you factor in the ever-changing requirements and regulations having to do with health insurance and government programs. A streamlined and efficient financial process is crucial for any successful practice, and is a key to a healthy revenue cycle. Take a…
We all know how important it is to aim for 100% reimbursement to be successful, which is why collecting from patients up front is an even bigger priority. Now, take it a step further. Do you know how to effectively and efficiently secure those payment methods for future use? How…
Revenue cycle management is the process that manages claims processing, payment and revenue generation, and often entails the use of technology to keep track of the claims process at every check point. Effective revenue cycle management will maximize the return on investment of a hospital. If you don’t have a good system in place, it can be challenging…
How Hospitals Can Improve Their Billing and Collections Processes It’s not uncommon for hospitals to grapple with account resolution problems, and revenue cycle management is an ongoing challenge for even the best-run hospitals. In 2018, many hospitals are struggling to collect payments from not only patients, but insurance companies too.…
New Meaningful Use is defined by the use of certified electronic health record technology in a meaningful manner, ensuring that the certified EHR technology is connected in a manner that ultimately improved the quality of care. This concept of meaningful use was enacted with the American Reinvestment & Recovery Act in February…
Needless to say, medical practices dealing with Durable Medical Equipment are in complete loss lose a lot with DME prior authorization. A lot of time and effort is being invested alone on DME prior authorizations now, which means monetary loss as an immediate effect. The recent changes and every additions…
Whether you’ve just started your own medical practice or have been a leader in your respective field for years, it’s important to recognize that revenue cycle management is one of your foremost concerns. When you own medical practice, you have to wear several different hats (as the saying goes). Sure, you obviously…
