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Medical Billing Companies
Medical Billers and Coders is the largest consortium of Medical Billers and Coders in the United States. Our aim is to help the physician community to reach the right expertise in the right location at the right time.
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When was the last time your clinic checked the fees schedule? Streamlining your Medical Billing | Medical Billing Blog

When was the last time your clinic checked the fees schedule? Streamlining your Medical Billing | Medical Billing Blog | Medical Billing Companies | Scoop.it

The fee schedule for any physician practice is an important pecuniary factor that affects not just your revenue but also the way in which healthcare is delivered to the patients. Many practices fail to update their fee schedules on a regular basis which can affect the profitability and the revenues in the long run. The relation between Accounts Receivables, Collections, and fee schedules is undeniable and therefore it becomes important to set fee schedules that are optimized in order to secure profits and avoid long term losses.

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Streamline Medical Billing to Enhance your Chiropractic cash Flows

Streamline Medical Billing to Enhance your Chiropractic cash Flows | Medical Billing Companies | Scoop.it
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Chiropractors have always suffered due to revenue management and medical billing services challenges. Due to healthcare reforms, over hauling of chiropractic revenue models has become the need of the hour. Previously considered as a non-primary care practice, various significant additions of primary care responsibilities have been made to the portfolio of chiropractors, requiring them to pay more attention to billing in order to get paid.

 

Browse All : Chiropractic Billing Services


See Continue : http://www.medicalbillersandcoders.com/pressrelease_articles.aspx?ArticleId=609

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Partnering With a Billing Consultant Is a Winning Move For Better EMR Adoption!!

Partnering With a Billing Consultant Is a Winning Move For Better EMR Adoption!! | Medical Billing Companies | Scoop.it
Partnering With a Billing Consultant Is a Winning Move For Better EMR Adoption It was believed that the EHR-Healthcare marriage would mature over time with both developing an appreciation of each other.  But surprisingly the following statistics gleaned...

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Inforth Technologies's curator insight, April 4, 2013 11:04 AM

Oftentimes partnering with an experienced third party can benefit even tech savvy practices.

Everett Hudson's comment, April 10, 2013 2:51 AM
Having the right partner can bring significant results.
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What Prompts Providers to Hire Specialists in Transition to ICD-10?

Andersen Keen's insight:

When The Department of Health and Human Services' drew out a time table for ICD-10 transition, all the stakeholders including the providers felt the time-frame was sufficient to migrate comprehensively to ICD-10 compliant clinical and operational practices. But that has not been the case – in view of woefully slow pace of transition across the health care, The Department of Health and Human Services' has acceded to the demand for extending original deadline from Oct. 1, 2013 to Oct. 1, 2014. And, with no possibility of further extension, majority of providers are not risking going all by themselves. Instead, they are seeking out specialists for the purpose – nearly two-thirds (65 percent) of them are understood to have employed third-party specialist to look after the entire process of transition to new coding system.

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Financial Stability from Collaborative Partnership with Billing Companies

Financial Stability from Collaborative Partnership with Billing Companies | Medical Billing Companies | Scoop.it
Business acumen is something that is generally lacking amongst health care professionals, particularly doctors or physicians. Physicians are primarily driven by clinical excellence, which they believe it to be pivotal to their existence, growth and credibility amongst the patient community.
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How Medical Billing Consortiums Are Superior to Medical Billing Companies

The origin of medical billing practices in the U.S. can be traced back to the 1960s when Medicare was introduced as a parallel to cash-based medical services. Since then, insurance-backed medical service has grown enormously, and two-third of the total physicians’ fees is routed through insurance of some form or the other. This shift in compensating physicians has made medical billing more complex than ever before. While medical practices initially tried to manage with in-house medical billing practices, they gradually had to give up because of internal incompetence and escalating cost of training and system deployment. As a result, outsourced medical billing practices have become the order of the day.

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Small Medical Practices Register Meteoric Rise in EHR Adoption

It seems solo and small medical practices have decided to take the plunge in a big way – recent statistics reveal that small practices have been able to half-bridge the gap with their larger cousins, whose EHR penetration stands at an impressive 80% since the EHR became mandatory under “Meaningful Use Clause” in 2011.

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Forecasting the Future of Medical Billing and Coding Post ICD-10

United States is on the verge of a major billing and coding reform – the introduction of ICD-10 in particular marks the beginning of the most robust, effective and efficient system of billing and coding ever to have been followed. While providers and payers will benefit from progressive changes, medical billers and coders will have the onus of keeping their expertise renewed from time to time. One of the best ways to be ready for future challenges is through preparedness based on forecast for a certain milestone period. 2020 happens to be that immediate milestone period.

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How can Physicians Balance Roles at Work to Increase Medical Billing Efficiency of Their Clinic?

Over the last few years the healthcare system in the United States has witnessed modifications in policies and regulations, in order to make healthcare facilities cost effective and accessible to people from all income groups. However, a substantial percentage of the population still remains uninsured and the introduction of the Patient Protection & Affordable Care Act in 2010, aims to increase the number of people insured and make healthcare more patient friendly.

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How can A Medical Billing Service Help in Increasing Revenue at Your Practice?

Quality and cost have been inseparable. And, as U.S. health care industry is defined by new quality benchmarks, cost of administering medical services too seems be rising proportionately. While physicians continue to respond with appreciable clinical efficiency, they seem to have lost ways to find sustainable existence and growth. The existence of intense competition has forced them to operate at the most competitive prices, and off-set with volume. But, volume has failed to generate real revenues due to several reasons. As a result, many practices have either been forced to wind up operations or sell off.

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Medical Transcription and Coding demand will increase with ICD-10 ...

Medical Transcription and Coding demand will increase with ICD-10 ... | Medical Billing Companies | Scoop.it
The world of medical transcription and medical coding is extensive and always changing. The change that has the medical field buzzing right now is the change.

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Combining Medical Billing and Coding to Deliver Maximum Physician Revenue

Medical billing’ and ‘Medical coding’ may have sometimes been used interchangeably to mean the act of claiming reimbursement from insurance payers, but essentially they are two separate and specialized jobs. Medical coding precedes medical billing, and it is irreversible. While a medical biller is entrusted with far more task than a coder, it is the quality of coding that largely decides the success of medical billing. That is why medical coding is often termed as a ‘specialty’ by itself while medical billing, its ‘sub-specialty’.

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Navigating through Regulatory Changes that Dramatically Affect Medical Billing

The limited reach of US healthcare network leaves a large part of American population outside the net of healthcare. This problem has stalked US governments traditionally and to expand the reach of healthcare to make healthcare available to a larger part of US population, successive governments (in varying degrees and as suited their political beliefs) have introduced regulations to make healthcare cheaper for and easily accessible to the care receiver.

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Medical Billing Changes in 2014

Medical Billing Changes in 2014 | Medical Billing Companies | Scoop.it

Providers need to adopt a series of medical billing changes in 2014 in order to maximize reimbursements and maintain a healthy revenue stream.

Andersen Keen's insight:

Medical Billing Changes in 2014

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How can I escape ICD 10?

How can I escape ICD 10? | Medical Billing Companies | Scoop.it
Andersen Keen's insight:

Given the challenges in implementing ICD-10 and HIPAA 5010 compliant clinical and operational practices, the question of physicians or medical billers and coders’ contemplating bypassing or even escaping ICD-10 may not be ruled out. But, the real question is: can they really do so? Well, the answer has to be a certain ‘no’.

Notwithstanding the complications:

 

See Continue : http://www.medicalbillersandcoders.com/ICD-10/how-can-i-escape-icd-10.html

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The Prominence of Health Records in Clinical and Medical Billing Efficiency

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Correlation between Practice Revenue and Operational Documentation

Correlation between Practice Revenue and Operational Documentation | Medical Billing Companies | Scoop.it
Documentation holds special significance in clinical care – care coordination, easy reference, clinical research, and clinical certification are all made possible by well-documented clinical encounters. But documentation got a new dimension when fee-for-service was first replaced by Medicare-supported reimbursements. And, with the gradual inclusion of private players in health insurance, the significant of documentation is felt operationally too – documentation is the single-most source for billing, coding, and verifying the accuracy of claim submission.
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Financial Stability from Collaborative Partnership with Billing Companies

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The Value of Accurate Documentation in Medical Bill Reimbursement

Medical documentation has myriad applications in today’s health care administration – being reference-source for future encounters; enabling coordinated care, both within and across the clinical network; contributing to macro health care planning and reforms; ensuring clinical data privacy and security as per HIPAA norms; and ensuring flawless medical billing. Notwithstanding providers’ effort to document as best as they can, “accuracy” continues to be a matter of great concern. While inaccuracies in medical documentation can lead to lapse in medical care quality and breach of trust, it is the reimbursement that will be most affected.

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It Pays To Be a Medical Billing and Coding Specialist

Choice of a profession is determined by its stability against job market fluctuation, potential growth and monetary rewards. Medical billing and coding profession seem to be one those few professions that possess all these attributes. While professionals in other spheres are fighting lay-offs and salary cuts, medical billers and coders’ present and future looks highly secure. And it pays to be a medical billing and coding profession!

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Does a Medical Coding & Billing Job Offer You Healthcare’s Security from an Office Setting?

Career in health care industry has rarely been unsecure. While professionals in other sectors have had to undergo turbulent times recently, people in this priority sector have maintained steady progress despite economic reversals. And there are reasons to it: first, health care is indispensable; more significantly, it is supported by world’s largest public insurance schemes – Medicare and Medicaid; and the contribution of private insurance players is also noteworthy. This remarkable story of sustenance and growth does not end here. With the Federal Government extending public health insurance to every American, care providers, support staff, payers, and everyone related directly or indirectly to health care will have their future protected.

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Denial Management – Integral to Physicians’ Conquering Reimbursement Challenges While Medical Billing

Denials are responsible for major erosion of practice revenues, and, despite the best efforts, denials continue to assume monstrous proportions. The situation has grown so alarming that:

Medical practices fail to collect 25% of the money they are owed
$125 billion is left in the bag as unpaid claims
Only 70% of claims are paid the first time they are submitted
Of those denied claims, 60% are never resubmitted to payers
Medical practices never pursue 18% of claims at all

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Gauging your Medical Billing Company on ICD-10 Compliant ...

As much as the intrinsic competencies of your Medical Billing Companies, their ability to advise on EHR/EMR implementation for efficient clinical and. ...


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Monitoring Potential for Up-Coding Errors in EHR with the Help of a Medical Billing Service

There has been considerable resolve and persuasion from the Federal Government to introduce Electronic Health Record System across the health care continuum. The Health Information Technology for Economic and Clinical Health (HITECH) Act has indeed given much impetus to pace of conversion from paper to electronic medium. The bait of financial incentives and penalties for complying with ‘Meaningful Use Criterion’ or otherwise has done wonders to the overall macro clinical efficiency as well physicians’ operational efficiency. In fact, no one would have foreseen the extent of transformation when the Federal Government first announced its major IT reform in 2009.

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Medical Practices Anxious About the Impact of ICD-10 Transition

While the recent one year extension (from October 1, 2013 to October 1, 2014) in deadline by the U.S. Department of Health and Human Services (HHS) may somewhat have eased the pressure, yet the anxiety still persists among the majority of medical practices in the US. The “anxiety” is about the impact of ICD-10 transitionon their practices’ clinical, operational, and financial efficiency.  Nearly 90% of the total practitioners harbor this fear.

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Increasing Revenue through HIPAA Compliant Practices | Medical Billing Blog

HIPAA (Health Insurance Portability and Accountability Act), which was first enacted in 1996 to improve the efficiency of healthcare delivery, has come to be recognized as the standard for electronic data interchange (EDI), security, and...
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