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4 Secrets to Enriching Your Revenue Cycle for 2015
Billing and collections are the lifeblood of a profitable medical practice – no surprise there. In fact, a Practice Profitability report from CareCloud and QuantiaMD finds physicians most often target...
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How to Handle Timely Filing Claim Denials for Your Practice
Claims denied for timely filing remain a major challenge for medical billers. Each insurance carrier follows their own guidelines on what constitutes filing claims in a timely fashion. Some insurers...
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3 Specialties Facing Important ICD-10 Code Changes
The imminent transition from ICD-9 to ICD-10 tends to generate strong opinions. When the Centers for Medicare & Medicaid Services delayed ICD-10 implementation to October 1, 2015, some viewed it...
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How to Write a Medical Collection Letter That Will Get You Paid
When it comes to patient collections, many practices think: the more aggressive, the better. Patients need to know that you mean business. The thing is, if you use threatening language, you also run...
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Getting the Most from Modifier 59, 25 and 91: A Guide for Coders
“If it isn’t coded, then it hasn’t been done.” Correctly applying modifiers, though, isn’t always as easy as it seems. Many times providers inappropriately use modifiers, an action that inevitably can...
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4 Ways to Improve Payer-Provider Relations in 2015 and Beyond
The physician-patient relationship garners a lot of attention, particularly with the increasing focus on patient-centered care and satisfaction measures. However, payer-provider relations can be...
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How To Avoid the 5 Most Common Mistakes Causing Claim Denials
The Medical Group Management Association (MGMA) found that better-performing medical groups average just a 4.05% claims denial rate. Is your practice’s denial rate above four percent? If so, it could...
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How Automated Billing Rules Can Boost Your Medical A/R
Let’s face it – keeping track of all those medical billing rules from different payers can be tough. And it’s not just the sheer number. Insurers keep changing the rules of the game along the way....
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The Best ‘Key Performance Indicators’ for Your Medical Practice
With the advent of modern practice management software, there is no limit to the data your practice can measure. Unlimited data, however, can be overwhelming. It’s better and more useful to focus on...
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Avoid Collections: How to Get Patients to Pay Up
When outstanding patient balances grow out of control, you may feel there’s no option but to place them in the hands of a collection agency. Putting debt professionals in charge is the best way to get...
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Why You’re Seeing Fewer Workers’ Comp Cases
Since 2003, legislators in 33 states have passed workers’ comp laws that reduce benefits or make it more difficult for those with certain injuries and diseases to qualify for them. In 37 states,...
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