Today’s revenue cycle demands in the healthcare industry are evolving with time and a complete understanding of the claims adjudication guidelines is mandatory. As a company in medical billing, your first objective should be to set the benchmark with quality processes increasing financial collections. It is vital for your business prominence that you convince your […]
As a medical practice, managing medical denials will be an extremely critical step keeping in mind today’s populist approach in the federal scenario. Providers will need to take an extra step and improved denial management efforts are going to be hugely important in medical billing. Healthcare providers have to develop their practice management levels to […]
If you are looking for an experienced and highly knowledgeable company to outsource your medical billing functions, your search ends with GoTelecare. As a practice manager, you know the exact reasons why you need to hire a medical billing service instead of relying on the in-house executives. With electronic health record systems rapidly taking over […]
One of the major concerns of the healthcare industry is the medical billing issues that arise from lack of expertise and common errors committed by inexperienced billing staff of the providers. Since the in-house staff of the healthcare practices is already overloaded with patient care and other administrative work, the billing responsibilities get impacted in […]
The immediate challenge for the healthcare industry will be to counter a new wave of federal policies with a fast pace. Scenario planning based on the effects of the potential transition expected should be the goal. Much is uncertain and to be determined! The stakes are high and importantly preparing yourself with possible scenarios should […]
The complex federal situation will require more transparency in provider service prices. Outsourcing of medical billing services will remain a pertinent strategy for providers looking to streamline their revenue cycle management efforts. To improve on reimbursements and increase business profits with lower costs in billing will be a primary need for every healthcare provider. Every […]
Healthcare providers will be in need of companies that stand out with their competitive medical billing services. It is true that there are a lot of vendors existing in the scenario and finding a reliable partner can be hectic. However, if you follow certain best practices, things will be easy and you can find someone […]
The interesting fact for the healthcare industry will be to counter a new wave of federal policies with a fast paced momentum. Scenario planning that will be based on the effects of the potential changes expected should be the idea. Much is uncertain and to be determined! The stakes are high and importantly preparing yourself […]
It is true that as a provider, your revenue cycle will depend on improving your billing collections with complete propriety. In 2016, patient copays made up almost 20% of the revenue of a doctor. A study in the Medical Group Management Association clearly states that physician practices collect a ridiculous 60% of copays! It is […]
In recent times, home healthcare billing has been facing alarming challenges and getting a hit on the cash flow. Perhaps, a typical in-house workforce is not able to match the desired metrics. To cater to the wider market, integrated and affirmed strategies should be incorporated to overcome to overcome financial challenges. The entire gamut of […]