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BRISTOLBYTE: A TRUSTED WORKFLOW MANAGEMENT SOFTWARE

8 Ways How BristolByte Increases Your Cash Flow!

Medical coding and billing is an invisible engine in the healthcare industry. No healthcare entity can sustain itself without consistent cash flow. Efficient medical coding and billing is an essential part of the revenue cycle management. Keeping track of the documentation between patient, provider and payer is vital and a well-designed Workflow Management Solution will keep you on top of the situation.

In this regard, BristolByte, a unique cloud-based workflow software, can give you numerous advantages. It is created by professionals with their experience and expertise of working with thousands of providers. (more…)

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What is a Superbill? What information does it contain?

A medical superbill or encounter form is the primary source of data for preparing claims and contains the list of services provided to a patient. Along with the list of services, the superbill will show the costs and codes for each exam, treatment, or procedure. It will also contain information about the patient, provider, CPT codes, ICD-10 codes. These details have to be accurate so that claims can be prepared correctly.

A superbill is not necessarily needed for preparing claims by the provider. However, a patient would require a superbill in case (i) the provider is not part of their insurance company‚Äôs provider panel, (ii) they are having a Health Savings Account (iii) they are utilizing out of network benefits and need to meet a deductible(s). In these cases, the superbill helps the patient to work directly with their insurance plans. (more…)

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DENIAL MANAGEMENT: 5 EFFECTIVE APPROACHES TO SHRINK DENIALS

Claim denials may be nothing unusual in healthcare, but the amount denied actually adds up to a substantial sum in the long run and is a loss of revenue for the practice. Studies have shown that many practices do not appeal to denial as they consider the denial management process expensive compared to the amount they will receive from payors.

This erroneous thinking results in leaving money on the table as statistics show that I in 5 claims is denied. Denial management is, therefore, something that every practice should take seriously.

The quantum of claim denials in a facility can be brought down by following the 5 approaches listed below: (more…)

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