I have been privileged to work with many practices and specialties, helping them navigate the very confusing Medicare Quality Programs. I wanted to leave you with a few tips for the 2018 reporting year:
Collecting overdue payment from patients is not easy. And if you’ve developed good doctor-patient relationships, it can be even more difficult, especially when unexpected charges or more-expensive-than-expected ones put them in a financial bind.
Topics: patient collections
With the ubiquity of social media and the ease of global connected-ness, it’s easy to think that long wait times are not a nuisance to patients. After all, the vast majority of people these days seem content spending time with their smartphones, tablets, and other devices.
Medical billing can be time-consuming, yet, if you’re like many physicians who are in private practice, you have your staff handle patient billing in-house. No doubt you know that billing is also one of the most complicated aspects of running your own medical practice.
Medical billers must have a comprehensive knowledge of various aspects of physician practice management. They must know billing and coding as well as explain the costs of medical treatment to a patient in person. They must also know Medicare/Medicaid regulations, HIPAA, and other complex state/federal guidelines, insurance requirements, and more.
Introducing Coronis Health. The most flexible Revenue Cycle Solution available today. Over 1,200 Billing and 900 Coding Specialists. Tailored Solutions. Your Processes, Your Procedures, Our People.
The ability to be nimble in today’s healthcare environment may determine whether you stay in business, or not. Healthcare facilities today face numerous obstacles and increasing pressure in their efforts to control costs. A tight labor market, decreasing reimbursements, increasing cost structure, an ever-changing regulatory environment, and a complex payer mix. These and many other challenges simultaneously impact healthcare providers on a variety of fronts: revenue, costs, risk exposure, and outcomes.
The revenue cycle management market is expected to grow at a compound annual growth rate of 7.2 percent from 2014 to 2019, and it is one of the functions healthcare providers outsource the most, according to a recent report from MicroMarket Monitor.