Many billing professionals are surprised to find that their search for cost-reducing, profit-boosting options for their practice may lead them to their own EHR. Our work with thousands of practices nationwide has pointed to these five EHR-based features and processes that are proven to quickly improve practice efficiency and profitability but are frequently overlooked by … Continued
Understanding medical coding is not an easy task, and one of the areas where physicians and office managers can get into trouble is assuming that a single coder will be able to handle all the coding for a clinic, especially one with multiple providers or one where you have multiple specialties that practice together in … Continued
Learn why outsourcing might be much less expensive than you think. At some point in the quest for optimization, nearly every independent medical practice grapples with the dilemma of in-house billing vs. outsourcing to a billing company. To help, we created a powerhouse eBook to address the obvious question: pay staff or the outside biller. … Continued
Medical billing is one of the most essential aspects of your clinic operations, but for small and independent clinics, it’s often one of the most overlooked. If you notice that your revenues are declining while you’re seeing the same or more patients, or that you are not able to collect on a significant portion of … Continued
High performing practices should be processing claims around 28 days from date-of-service. The higher your days in A/R, the less revenue you could be capturing. This eGuide is our ultimate buyer’s guide to help you better understand the pros and cons of your options and get clearer direction on which RCM method is best for … Continued
We’re used to new International Classification of Disease (ICD) codes coming out at the beginning of each year, but just like everything else in 2020, things have changed a bit. As COVID-19 has rapidly changed the needs for clinics and providers, one thing that became abundantly clear at the beginning of the year was the … Continued
ePayments from AdvancedMD provides online patient payment solutions to conveniently allow patients to pay their outstanding balance.
The novel coronavirus COVID-19 has changed a lot about what we do in medicine. Perhaps nowhere is it more obvious than in the way clinics provide care. Millions of patient appointments that were scheduled in-person suddenly moved online and became virtual visits. For clinics that weren’t used to operating in this space, it presented some … Continued
From declining reimbursement to collection problems, medical practices consistently face a daily ongoing financial battle to capture payments and become or remain financially healthy. With deductibles and coinsurance amounts continuously increasing, so has uncollected patient payments, leading to uncollected and bad debt. Today practices are at the liberty of payors to expedite claims reimbursement which … Continued
Independent practices have been facing unprecedented challenges, especially in today’s pandemic-based reality. Two of the most fundamental aspects of starting and running a practice are often the aspects that most practices ignore: payer contracts and credentialing. Despite their essential nature many practices put these tasks last on their respective to-do lists, but there is a … Continued
American hospitals and health systems are facing financial struggles like never before. From the cancellation of non-emergency surgeries to disrupted supply chains and historically high unemployment rates resulting in higher numbers of uninsured patients, the pandemic has created tremendous financial turmoil. The strategy that more than 70% of hospitals and health systems are turning to … Continued
For many medical practices, billing is one of the most challenging (and least fun) aspects of the business. It’s also the most critical, because without good billing practices your cash flow suffers, and your clinic won’t last long. If you have a small, independent clinic or a practice with only a few partners, your total … Continued