Unlocking the Nuances: Pediatric vs. Adult Medical Billing
In the ever-evolving landscape of healthcare, medical billing plays a pivotal role in ensuring that healthcare providers receive timely and accurate reimbursement for their services. However, the process of medical billing is not one-size-fits-all. When it comes to pediatric and adult patients, there are key differences that demand a nuanced approach. In this blog, we…
5 Benefits of Working with a Medical Billing Specialist
Discover the Benefits of Working with a Medical Billing Specialist to Streamline Your Claims Recovery Process For any healthcare provider, a successful claims recovery process is essential to the success of their business. A medical billing specialist is a professional who specializes in managing this process. They are experts in the field and can help…
How Common are Medical Billing Issues?
The accuracy of a medical claim is something that is crucial, but it’s estimated that more that 80% of medical billing claims contain an error. That’s quite the chunk of claims, which makes it extremely common. In this estimated that 3 out of 4 claims contain errors. This could be human error, but there’s also…
Medical Billing 101
A claim is often considered the most valuable source of data and information for a healthcare company or organization. All of the claims that are submitted to payors contain procedure information and diagnosis information to make the patients’ visit billable. But, what is a medical claim? In layman’s terms, this is a bill that a…
So, What is The Revenue Cycle?
We talk about the Revenue Cycle, but what is it? It could, simply, be defined as the administrative and clinical functions that factor into the capture, management, and collection of patient service revenue. There you have it! Speaking normal English, it’s a fancy way of saying that this is a full view of the life…
Improving Your Revenue Cycle Management
This feels like such a BIG ask. It also makes us think of the entirety of the medical billing process. Every single piece of the puzzle, when laid out can seem like A LOT. If we break it down to adjusting a few intricacies that could make the process more seamless it would be: Transparency…
Strategies to Optimize Your Revenue Cycle
Three-quarters of hospitals say they are facing a hostile revenue cycle influence. Even though post-pandemic revenue and other financial metrics have begun to climb up, the cost of inflation and the skyrocketing expenses of managing medical care for patients is offsetting the majority of income. So, how do you get your practice to optimize your…
