4 Ways A Medical Practice Can Boost Revenue Cycle Management

Posted by Allen Ranjan on Feb 5, 2019 4:21:31 PM
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Topics: Accounts Receivable Management, Revenue Cycle Management, Medical Billing Services, Healthcare Revenue Cycle Management Services, Medical Billing Company in Orange County, Medical Billing and Coding, Medical Practice

Is You Medical Billing Company Making Or Losing You Money?

Posted by Allen Ranjan on Dec 11, 2018 12:15:57 PM

The two most important positions in the success of any healthcare practice is the physician and the medical biller. While the physicians work hard to provide the best care to the patient it is expected of the biller to ensure optimal reimbursement for the physicians. We keep talking to independent physician practices and we are often told their practice is losing money all the time! Some would say too many claim denials is rocking their boat, others would say the AR is so out of control. This is not acceptable alright, but the real question is why does this happen?

Download our FREE Billing and AR checklist: The Ultimate AR checklist! 

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Topics: Accounts Receivable Management, Urgent Care Industry, Healthcare Revenue Cycle Management Services, Medical Billing Company in Orange County, Medical Billing Services Provider, Leading Medical Billing Company, Medical Billing and Coding

4 KEY STRATEGIES FOR EFFECTIVE DENIAL MANAGEMENT

Posted by Allen Ranjan on Nov 20, 2018 7:49:56 AM
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Topics: Effective AR Management, Accounts Receivable Management, Urgent Care Centers, Urgent Care Industry, Revenue Cycle Management, Medical Billing Services, Healthcare Revenue Cycle Management Services, Medical Billing Company in Orange County, Medical Billing Services Provider, Medical Billing and Coding

6 Tips to Optimize Medical Billing for Maximized Collections

Posted by Allen Ranjan on Nov 8, 2018 8:02:18 AM

The ever-changing healthcare landscape means the billers also have to continuously keep update their skills and concepts to stay on top of the changes and make sure they are not leaving money on the table. With the introduction of EMR and advanced practice management software the general belief is that the standards of billing and collection will be like never before and every claim should be billed out accurately and collected upon in a timely manner. Unfortunately, according to industry sources, independent medical practices are still leaving as much as 30% potential revenue on the table due to the inefficiencies in the billing and collection process. This happens because, the rejection and denial rate is still too high and almost 50 % of denials never get re-worked resulting in 5-7 % loss of potential revenue. When you have too many denials your revenue can pretty easily get locked in the Accounts Receivable and that can have serious impact to your cash flow.

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Topics: Effective AR Management, Accounts Receivable Management, Cosentus News, Medical Coding- Optimization, Contract Negotiation, Urgent Care Industry, Revenue Cycle Management, Medical Billing Services, Healthcare Revenue Cycle Management Services, Medical Billing Company in Orange County, Medical Billing Services Provider, Leading Medical Billing Company, Medical Billing and Coding, Medical Coding