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Medical Billing Services for Small Practices: Increase your Cash Flow!

Solo Physician has medical billing services outsourced

Accurate medical billing is a necessity

Accurate medical billing is vital to all medical facilities. Complete and timely reimbursement for medical services rendered is necessary to keep the doors open for a practice/hospital. And in the case of small practices, reimbursement for services is the lifeline for providers.

Physicians do hire billers to take care of the medical billing and coding in-house. However, the numerous and constantly changing rules and regulations in the healthcare industry pose a challenging scenario for billers and coders. Keeping up with changes is often an arduous task. For a small practice, it is crucial that claims be coded accurately and submitted in time. Every process/stage of the healthcare revenue cycle has its importance and needs to be carried out without errors.  (more…)

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Medical Billing Audit for Superior RCM and Compliance

Medical team discussing medical billing audit

What is Medical Billing Audit? And what is its scope?

Medical Billing Audit is the systematic process of examining and evaluating all billing processes’ effectiveness, accuracy, and compliance. Thus audit of the entire medical billing process  will ultimately help a practice have a superior revenue cycle management system in place, which will aid in maintaining a healthy bottom-line.

Billing Audits are by nature more comprehensive than coding audits.  Hence they cover the entire revenue cycle starting from the eligibility verification process to denial management processes. The audit may examine all clinical records, financial records and policy-related documents reviewed by payors/government. (more…)

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Integration of EHR and Medical Billing Enhances Operational Efficiency and Financial returns

Physician explaining the EHR system

What is EHR and medical billing integration

Medical practices struggling with time and energy-consuming paperwork can achieve enhanced RCM metrics by adopting Electronic Health Records (EHR) and integrating EHR and medical billing. Electronic processing of the billing-related tasks, managing claims, payment processing and tracking/reporting problems can be made simpler, accurate and faster through integrated medical billing. EHR is becoming the norm across the healthcare industry, and EHR and medical billing integration is the way forward.

An integrated medical billing system must be able to lead to total automation in a practice. EHR integration requires the medical billing system to have the ability to build charts towards medical claims that include details of patient visits, diagnosis details, lab details, etc. This is to say, all operational dimensions of the practice must be successfully merged into the integrated medical billing solution.  (more…)

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