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.
Nursing facilities across the U.S. have somehow endured a series of Medicare/Medicaid cuts thus far, but the latest move by CMS to reduce reimbursement for so-called Medicare “bad debt” – Medicare co-payments not made by beneficiaries or state Medicaid programs – may bring them on the threshold of a major operational crisis.
MedicalBillersandCoders.com has been helping 42 medical specialties across the US sail through the above-mentioned challenges. MBC has a strong team of certified coders and billers who are well-trained in handling billing complexities and strengthening the revenue cycle for physicians.
Independent physician practices face internal as well as external challenges. Payment cuts, increasing practice costs, lack of skilled resources are some of the factors due to which running an independent practice has become difficult.
Patient-physician relation is the vital element of medical practice. International Code of Medical Ethics states, “A physician shall owe his/her patient complete loyalty and all the scientific resources available to him/her.”
The US healthcare market is evolving rapidly. Hospitals and private practices need to address the various challenges and trends in order to survive. They are expected to reinvent their operations and re-evaluate their revenue cycle to maximize cash flow. Here are the top seven health care challenges physicians are facing in 2014
The numbers of providers in need of EHR replacement is growing in 2014. They are not sure if their current health IT system is capable of handling healthcare changes including, stage 2 Meaningful Use and ICD-10 compliance.
The complexities and pressures of today’s healthcare environment have made stress management a necessity for physicians in the US. Considering the increase in workload, doctors are experiencing an imbalance in their personal and professional life. To sail through challenges, they are either selling their practice to a hospital or quitting the medical profession.
Worried about shortage of coders and poor performance of your revenue cycle? If the answer is yes, your practice needs to look beyond coding and start optimizing the Health Information Management (HIM) process to improve efficiency. Since the revenue cycle of a practice starts and ends with medical records, HIM is critical in capturing revenue successfully.
The industry experts are witnessing compensation levels almost the same as last year; however, some specialties have witnessed a significant boost in their income. Technical and scientific breakthroughs helped these specialties gain more income, for instance, cardiology earnings increased due to the development of cardiac stents.