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Category Archives: Outsourcing medical billing

4 Impactful Medical Billing Reports for a Profitable Practice

Medical Billing Reports help a physician to understand the financial health and the business side of the practice. The reports clearly show the different revenue cycle metrics, which indicate the areas of concern needing corrective action and the areas where revenue can be increased. Whether revenue comes from payors or patients, medical reports help a practice stay profitable while delivering excellent patient care.

Listed below are four impactful reports that will help a physician monitor the practice’s financial health and not leave money on the table. (more…)

NAVIGATE DME BILLING WITH EASE

                                                                                          

Durable Medical Equipment (DME) is therapeutic equipment such as nebulizers, ventilators prescribed by physicians to patients having certain medical conditions. However, equipment used for convenience or beyond reasonable medical requirements is not covered under DME billing.

DME billing can be challenging due to constant changes in regulations and documentation requirements. Thorough knowledge of Medicare, Medicaid and commercial payors’ guidelines is necessary for claims to be passed.  (more…)

Meticulous patient appointment scheduling leads to better revenue cycle performance

Healthcare Revenue Cycle Management begins with patient appointment scheduling. A delicate balance needs to be worked out between seeing as many patients as possible and patient satisfaction while scheduling appointments. Long patient wait times and ineffective handling of patient appointments are bound to impact healthcare delivery negatively. On the other hand, understanding the needs of patients and asking the right questions go a long way in establishing patient trust and loyalty. (more…)