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6 MAJOR BENEFITS OF ELECTRONIC CLAIMS SUBMISSION

An electronic claim is a paperless claim form generated electronically by the billing software with the biller’s data input. It is transmitted through the internet to an insurance company for reimbursement. Submitting claims electronically reduces the time taken for this process and the expenses involved. It increases the practice’s cash flow and helps to streamline operations. (more…)

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Press Release – Bristol Healthcare Services Adds Two Experienced Executives to Lead an Expansion of Their Radiology Medical Billing Division

Press Release on “Bristol Healthcare Services Adds Two Experienced Executives to Lead an Expansion of Their Radiology Medical Billing Division” was published¬† in www.1888pressrelease.com on 21¬† May 2021.

Bristol Healthcare Services Adds Two Experienced Executives to Lead an Expansion of Their Radiology Medical Billing Division

May 21, 2021 (more…)

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Patient Statements: Best practices for smarter communication

The cost of healthcare is increasing and together with that, the portion being borne by patients is also increasing. Patient payment is now becoming a higher source of revenue for providers. Out-of-pocket collections are not exactly an easy matter. It is more costly and time-consuming with more hands-on attention and follow-up. Also, patients do not pay up as fast as payors.

In this scenario where self-payment is so much higher than before, it becomes critical for providers to prepare a simple, straightforward, user-friendly means of financial communication. Listed below are some best practices for patient statements that can be implemented for smarter communication with patients, resulting in improved financial outcomes, lesser collection costs, and optimal use of resources. (more…)

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