While the medical field abides by the tenets of compassionate care and professionalism, at the end of the day, doctors’ offices and hospitals are still businesses. And while offering patients quality care is important, a company’s bottom line can mean the difference between keeping the doors open or closing up shop. In the old days – and we mean prior to 1996 with the enactment of the HIPAA (The H ... Read More ->
medical staff training
Picking the Right Medical Billing Company
In May 2018, three former executives of Constellation Healthcare Technologies were charged with fraud. The billing company allegedly had fake customers, subsidiaries, and acquisitions. The men were charged with altering bank statements to boost the company's value and led investors to believe the company was worth $300 million. Unfortunately, it’s fairly easy for people to create a company that ... Read More ->
Key Reports to Run That Help Monitor Your Billing
One issue that we often run into during our work helping healthcare operations improve their billing and revenues is that they often don't realize what a wealth of information is buried in their data. Any relatively modernized database system will contain plenty of insights that help you improve revenues or decrease billing issues... if you know where to look. These are some of the most important ... Read More ->
Using Billing Professional Consultant to Assess Billing Performance
The billing of your medical practice is extremely important. There are all kinds of problems that can result in poor billing performance, which means that you're losing money. For example, there are errors in your billing or you're not effectively tracking what you're owed when it comes to collections. Identifying your billing performance can help identify problem areas, thereby helping to make ... Read More ->
Ensure Prompt Payment of Your Claims by Following Workflow Best Practices
In our work assisting medical facilities improve their revenues, one fundamental we focus on is improving claims processing workflow to help ensure prompt payment. Prompt payment is about more than just having money in the bank - the longer a claim goes unpaid, the higher the chance that it won't get paid. At least, not without extra expenditure. While collections are part of our services, it is ... Read More ->
