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Technology Aids Patient Payment Collections and Financial Resilience

Digital Technology used for patient payment collections.

The healthcare industry is witnessing the trend of increasing patient payments for medical services. The insured’s adoption of high deductible health plans leads to lesser payments by payors and more out-of-pocket expenses by patients. Further, unexpected medical emergencies mean financial stress on the patient’s families and the physician, too, whereby the practice has to find ways to collect dues from the patient.

It is now essential for practices to frame clear-cut policies for collecting payments from patients and adopt patient-friendly ways to communicate and receive payments. Investing in technology will go a long way in shoring up your revenues and aiding in financial resilience for the practice. (more…)

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Press Release – Bristol Healthcare Expands its Prior Authorization / Gap Authorization Services Wing

Press Release on “ Bristol Healthcare Expands its Prior Authorization / Gap Authorization Services Wing” was published in www.issuewire.com on 18 November 2021.

Bristol Healthcare Expands its Prior Authorization / Gap Authorization Services Wing

Los Angeles, California Nov 18, 2021 (Issuewire.com)  – Bristol Healthcare Services, a medical billing and coding company located in Los Angeles, California, is pleased to announce the expansion of their prior authorization/gap authorization services wing.

Bristol Healthcare has been signing up more clients in the recent past who want prior authorization and gap authorization services. “With more clients requesting this particular service, we have decided to expand this wing to better serve our esteemed clients,” says Jay Ganesh, CEO of Bristol Healthcare Services. (more…)

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Press Release – Bristol Healthcare Launches its Enhanced Workflow Management Application, BristolByte to Transform Billing Processes

Press Release on “ Bristol Healthcare Launches its Enhanced Workflow Management Application, BristolByte to Transform Billing Processes” was published in www.issuewire.com on 14 October 2021.
Bristol Healthcare Services (Los Angeles) is pleased to announce the launch of its enhanced workflow management application, BristolByte.

Los Angeles, California Oct 14, 2021 (Issuewire.com)  – Bristol Healthcare Services, a medical billing and coding company located in Los Angeles, California, is pleased to announce the launch of its enhanced workflow management application, BristolByte, to transform medical billing processes.

Bristol Healthcare Services is a premier medical billing company offering complete medical coding & billing solutions with cutting-edge technology. The company is committed to transforming its business using the best technology infrastructure, platform and expertise. Using the latest technology, Bristol Healthcare can help clients operate more efficiently and adapt to evolving needs. (more…)

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Key Features to Look for in a Practice Management Software

Practice Management Software used by a physician

Practices, whether large or small, would like to be free of tasks that suck their time and energy. Physicians would prefer investing their energy in delivering the finest patient care. Now technology has come to the aid of healthcare organizations and Practice Management Software (PMS) is one such tool. (more…)

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Employ Coding Best Practices for Maximum Reimbursement

 

Coding best practices are indispensable

To be financially successful, practices must find ways to lower costs and increase revenue. With rising business costs, it is imperative to capture every dollar by plugging all sources of revenue leakage. It is the diagnostic and procedural codes submitted with claims that mandate the quantum of reimbursement paid to physicians for services rendered. Here, some coding best practices are explored to maximize reimbursement.

One of the significant areas of concern for practices is incorrect medical coding and consequent rejection of claims. Further, lack of follow-up results in the ballooning of accounts receivable. Notably, a substantial amount of AR is never collected from payors. (more…)

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Powerful Leads to Enhance Patient Volume and Expand your Practice

Tech savvy medical professional can increase patient volume!

Covid-19 has brought to the fore the need for monitoring one’s health and wellness. More than ever, people have realized that self-care is the way to go forward. Despite the billions in lost revenue all over the country, medical practices now have the opportunity to reengage with their patients and, in fact, increase their patient volume. Individuals who previously did not think about preventive healthcare may now seek a primary care provider. Also, technology has now enabled a new option for patients and providers, namely, telehealth.

The following leads will assuredly help you in increasing patient volume and growing your practice.  (more…)

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