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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…)

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WHY PRE-AUTHORIZATION IS VITAL IN MEDICAL BILLING MANAGEMENT

What is pre-authorization?

Pre-authorization is the procedure of obtaining prior approval from payors before medical services are rendered to patients. It indicates that the payor confirms the medical necessity of the service, treatment plan, prescription drug, or durable medical equipment being offered/prescribed. (more…)

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Essential steps for smooth Medicare provider credentialing

 

 

Medicare provider credentialing is the process of approving a physician, supplier, or other medical professionals as part of the Medicare supply chain. A credentialed Medicare provider renders medical services to Medicare beneficiaries. 

To get credentialed with Medicare, a provider must fulfill specific criteria to go through the enrolment process. Essential steps in Medicare credentialing are: (more…)

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