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Durable Medical Equipment (DME) as well as the terms, Home Medical Equipment (HME) and home healthcare equipment are used interchangeably. They refer to re-usable, long lasting, medical equipment for use in the home that helps individuals to function on a daily basis. This includes mechanical items such as wheelchairs, walkers, commodes and hand rails and electrical items like hospital bed, scooters, blood and glucose monitors, ventilators and nebulizers. : www.medicalbillersandcoders.com/dme-billing-services-blog...
A medical staff consists of doctors to nurses and they are currently on a small raft which just holding all of them over water and any storm could destroy it. The reason for such grim situation is high rate of deductibles. As a physician I learned this hard way- initially we had a constant cash flow with respect to number of patients then with time overhead charges multiplied.: www.medicalbillersandcoders.com/blog/account-receivable-a...
Often physicians are hesitant in handing over their billing practices to an outsourcing billing company. This is mainly due to their sense of loyalty towards their in house employees. However, such cases may also result in use of inefficient billing methods that wreak havoc on the cash flow of the practice, so as it is rendered incapable to even cover basic expenses. : www.medicalbillersandcoders.com/articles/revenue-cycle-ma...
Medical Imaging Information System includes some of the major players in medical imaging. The most important focus of creating such a huge cache of medical images to get innovative data which will help to get a structured plan for outsourcing medical billing. Get to know from our experts about new analytic of imaging. #radiology #billing #medicalbillingservices #medicalbillersandcoders goo.gl/L5H1nM
The cost of treating cancer is on an all-time high today. The reasons behind such increased spending are varied like aging population, growth in the number of individuals with insurance coverage, earlier diagnoses, and longer survival rates.
Additionally advances made in surgeries, radiation therapies, and medications are followed by adjacently rising treatment costs. The newly introduced Affordable Care Act (ACA) project, called the Oncology Care Model proposes to reward oncologists for spending less on Medicare beneficiaries undergoing chemotherapy over a six-month period set by CMS. : www.medicalbillersandcoders.com/articles/revenue-cycle-ma...
Medical billing and coding from the outside may look like an easy on the run job, but it has much more intricacies that what you can imagine. The Durable Medical Equipment charges, which have different ‘codifications’, altogether are is making life worse for DME owners to sustain a streamlined revenue cycle, as most of the claims are being denied or delayed due to incorrect coding or billing information. : www.medicalbillersandcoders.com/dme-billing-services-blog...
Growing regulations in urology practice have now started to hurt the practices patient-care. Such practices should not only navigate with new regulations for CPT, E&M, and ICD-10 coding but also have a revenue system flow to tap the reimbursement. A daunting task for the providers requires balancing the practice and resources. #urologybilling #medicalbillersandcoders #medicalbillingservices goo.gl/cx4N4c
MedicalBillersandCoders.com (MBC), a company with national presence in United States, has gained prominence in Nashville, Tennessee as the most favored billing partner for Healthcare Units, DME suppliers, Clinics and Hospitals. This move can be attributed to company's efficiency in managing claims reimbursements, billing, coding (with new ICD transition), denial, Accounts Receivable, follow up, and through insurance verification services.
Coding and billing mistakes are now creating stiff penalties for urologist according to the center of Medicare and Medicaid services place a significant focus on fraud and abuse. Regulations regarding the submission of claims billing, coding, and documentation. #urology #medicalbillersandcoders #medicalbillingservices goo.gl/xZALis
Payer contracts and healthcare plan on mergers is now affecting the outpatient with 2018 Medicare Outpatient prospective payment system final rule failing. We explore the proposal and how changes will impact the revenue cycle and healthcare reform in ASC industry. #ASC #medicalbillingservices #medicalbillersandcoders goo.gl/GbzYYc
Your podiatry practice needs certified coders before there is a shift in payment model from fee-for-service to value-based care. Certified coders will reduce the errors in a claim submitted preventing the loss during bundled payment and also assist the incentive payment for the same. #podiatry #medicalbillingservices #medicalbillersandcoders goo.gl/BA7zJt
HIPAA Rules: Penalties and Criminal Liabilities
HIPAA was officially enacted in the year 1996 by United States congress. HIPAA has two titles--In the Title I of the rule is to protect individuals and families under the circumstances when they lose their job or when they change their job. In the Title II also known as the administrative simplification provision requires the establishment of electronic healthcare transactions to protect the identity of providers, health insurance plans, and employers.
Title I has been a debated topic with health coverage of many individuals going under constant change looking at the job security of American individuals. Covering individuals under health care policy after significant breaks.
Visit : www.medicalbillersandcoders.com/blog/hipaa-rules-penaltie...
Going outsource from your local demographics to attain higher return on investment is the latest trend engulfing healthcare units, clinics, hospitals and outpatient facilities in the U.S. Partnering medical billing agencies help Physicians to effectively survive and make an impact in tough economic clout, as they are specialists in resolving delayed payment issues, lagging A/R days, denial and follow-up management and most importantly cut down the errors in medical billing and coding of your DME supplies. : www.medicalbillersandcoders.com/dme-billing-services-blog...
Optometry Revenue Cycle Management (#RCM) is an end to end reimbursement management for your practice. Get a quote for channelizing growth in your optometry reimbursement in 2018. #optometry #medicalbillingservices #medicalbillersandcoders goo.gl/kRvNQw
Outsourcing helps in implementing a resource utilization techniques in the urology specialty. With a outsource resource of technology and human, it assists in distributing the cost among clients. With outsource, billing management will reduce revenue cost for urology specialty. #urology #outsource #medicalbillingservices #medicalbillersandcoders goo.gl/xZALis
Your Durable Medical Equipment (DME) billing needs a team of certified coders and skilled billers to reduce denials and billing errors. To help you channelize your reimbursement you need to be resourceful and a team. Get a quote for your DME facility from our expert revenue managers. #DME #medicalbillingservices #medicalbillersandcoders goo.gl/aTHZxd
ABN is an assist when a service is not covered by a Medicare. An ABN is issued to the patient to cover technical facility and professional component fee. The professional cost is usually missed out during the billing due to more focus in coordinating with patient’s hospital. A outsource team of professional billers and AR managers can help you to bill the total ABN. #radiology #medicalbillersandcoders #medicalbillingservices goo.gl/NkLGIW
Planning the reimbursement and practice channel for your chiropractic specialty can be a hassle. The growth plan will reduce the denials and errors promoting the reimbursement. Get a quote for your chiropractic practice or call us on- 888-357-3226. #chiropractic #medicalbillingservices #medicalbillersandcoders goo.gl/ZAKYbS
Mr. Donald Trump; USA president has initiated a series of presidential actions since taking office on Jan 23, 2017. The directives touch on issues like the Affordable Care Act, new homeownership, federal hiring, and most controversially, immigration.. visit : www.medicalbillersandcoders.com/blog/trumps-execution-pol...
How does the efficiency of medical billing impact seamless operations and optimal revenue management for healthcare providers?
Efficient billing is paramount in the healthcare industry, ensuring timely payments, accurate records, and smooth operational workflows. Inaccuracies or delays in billing can lead to financial losses, compliance issues, and even patient dissatisfaction.
Recognizing this critical need, the integration of AI and automation has emerged as a transformative force in revolutionizing medical coding and billing processes. Our RPA technologies offer innovative solutions to streamline billing tasks, enhance accuracy, and optimize revenue cycle management.
At Transcure, we harness the power of artificial intelligence (AI) to revolutionize billing processes, empowering healthcare providers with unparalleled accuracy and speed. Let’s delve into how AI-driven automation is reshaping the realm of medical billing.
A Transformation for the DME Billing with New Codes : www.medicalbillersandcoders.com/medical-billing-companies...
Optimum Account Receivable (AR) day for your facility would depend upon the patient insurance. Usually, the optimum AR day for an ASC facility would be between 45 to 60 days and if it’s above 90 days then you should get a new billing company in 2018. #ASC #medicalbillingservices #medicalbillersandcoders goo.gl/NfC3iD
Radiology reimbursement is dependent on the referral program of the primary care physicians and specialties impacting the body. For a radiologist the turnaround time for patient data would be affecting the reimbursement structure of billing. #medicalbillersandcoders #medicalbillingservices goo.gl/NkLGIW
We are writing some of the last chapters of 2017 and moving towards 2018. For your medical practice to step towards growth in 2018 it would need a channelized #billing environment. Medical Billers and Coders (#MBC) provides a necessary resource for your growth without hassling with your #medicalpractice. #medicalbillingservices #medicalbillersandcoders goo.gl/5Xx2d3
Value-based payment shifts the responsibility of patient care only from a physician to all the resources involved in the system. A bundled payment for the procedure and incentive for the providers according to the care. A outsource billing company assist you in reducing the burden of Revenue Cycle Management to channelize your effort for value-based care. #medicalbilling #medicalbillingservices #medicalbillersandcoders goo.gl/5Xx2d3
As the incentive-based reimbursement structure becomes part of urology billing it’s important for the urologist to understand that a basic payment for all procedure will be followed with use of modifier for urology billing. Modifier use for any specialty results into more entailments during billing result which leads to modifier errors. Can outsource billing solve your errors? #urology #medicalbillersandcoders #medicalbillingservices goo.gl/xZALis
With a conclusion 2017, we want to see your urology reimbursement grow towards profit. A team coders and billers will channelize the reimbursement for your urology practice. Get a quote for urology practice or call us on- 888-357-3226. #urologybilling #medicalbillingservices #medicalbillersandcoders goo.gl/xZALis
Explanation of Benefit (#EOB) in medical billing offers a total overview of the amount being paid, co-pay for the patient and adjustments. Adjustments are the reduced cost of the treatment and will affect your reimbursement. Get to know how an outsource billing handles adjustments. #medicalbilling #medicalbillingservices #medicalbillersandcoders goo.gl/5Xx2d3
A urology diagnoses and treatment a stage by stage process where you need to bill a patient for same diagnoses and care in different bills. Insurance companies thus become reluctant to pay for same code over for the same patient unless the documentation holds the end to end revenue management. #urologybilling #medicalbillersandcoders #medicalbillingservices goo.gl/cx4N4c
Average AR is an objective concept where it depends on the demographic and insurance coverage of a patient. Calculating the average AR for urology practice comes down to 80 days which is much higher compared to other specialties. To know how to reduce your AR days with billing company click here. #urology #medicalbillersandcoders #medicalbillingservices goo.gl/xZALis
Urology documentation will be the key for reimbursement on the value-based payment model. A value-based payment which has base payment amount for each procedure and treatment along with incentive based on the quality of care the documentation will be helping you push towards the revenue goal. Know more how can outsource billing company assist you in achieving the same. #urology #billing #medicalbillingservices #medicalbillersandcoders goo.gl/xZALis
CMS until 2008 were covered into 9 groups while the new group consists of 1,000 groups with APCs (Ambulatory Payment Classification) which has added more than 3,300 more procedures. The major challenge ASC faced is that of outpatient payment cases which prompted the ASC for better procedural grouping. #ASCbilling #medicalbillersandcoders #medicalbillingservices goo.gl/NfC3iD
How to Streamline Revenue Management Process By Reducing Glitches? www.medicalbillersandcoders.com/revenue-management-servic...
New Technology and New Therapies for the Optometrists : www.medicalbillersandcoders.com/medical-billing-companies...
For you to improve the Account Receivable (AR) of your practice there are many different factors that come into consideration. Your quality of patient care is one such important factor which will contribute towards attracting more patients. To improve the patient care for your practice the things need to be systemized; we have to sync the work of an admin along with other patient care factors. : www.medicalbillersandcoders.com/blog/how-can-physicians-i...
As a healthcare provider, your primary concern is with your patients. For you to provide a better financial wellbeing your practice enables the highest quality of service. Unless your practice gets the permitted level of return for this you need to provide the best of patient care. To make your practice ready for the best of patient care and in turn channelize your reimbursement. Here some aspects which will help you to verify the reason of outsourcing your billing with regards to your patient care. : www.medicalbillersandcoders.com/blog/how-can-outsource-me...