Are Systematic Billing & Coding Audits Overlooked Aspects of Revenue Integrity?
Operational efficiency. Compliance. Optimal earned reimbursements. Every healthcare provider is trying to achieve these factors to ensure revenue integrity. But the tighter profit margins and constantly declining reimbursements have become a major challenge for...
How Can You Keep Your Lab Billing System Up With the No Surprise Act?
Surprise medical bills”. This issue has become a hot topic for the last few years. Stories and news of patients left with thousands of dollars of medical costs are quite upsetting for both patients & healthcare providers. Surprise billing occurs when a patient...
How Can CPT Modifiers Make a Huge Difference in Your Profitability_ A Complete Guideline
Lab revenue cycle management_ what comes to your mind after listening to this word? Obviously, all of you will get the meaning of a complicated procedure. That starts with patients scheduling & ends with healthcare providers getting paid for the medical care...
4 Ways Every Healthcare Provider Wants to Improve Medical Billing Services in Future
The healthcare industry is that always undergo drastic changes and is difficult to predict as well. Recently, the restrictions related to the ongoing pandemic. And the major shift in billing and coding trends has entirely changed the way that a lab business is run. In...
What Does the Future of Laboratory Billing Look Like_2021 & Beyond
While 2021 has been a year of challenges and uncertainty. As the ongoing pandemic has entirely changed the ways healthcare providers deal with patients. More importantly, it also forces lab practitioners to change the strategies for revenue cycle management. Everyone...
Things You Need to Know About Closed, Open & Isolated Lab Billing Systems
As a CEO or administrator of healthcare organizations, you have to play an active role in maintaining the quality of all business operations. It’s your responsibility to make sure that your patients are satisfied with your healthcare services as well as you are...
Don’t Let Your Revenue Get Clogged_ Stop Making These A/R Management Mistakes
How to minimize the accounts receivable challenges in this digital era? How can you collect more in less time? In the face of economic disruptions, lab practices are facing unprecedented difficulties. It’s time to take an initiative to keep your practice going in...
Effective Strategies To Streamline Patient Collections Before 2022
Are you startled due to high costs over the past few years? Are declining patient collections and larger medical bills bothering you? You must have effective strategic planning to cope with these havoc financial challenges. Studies have shown about sixty-two percent...
3 Steps To Develop Business Resilience By Preventing Provider Burnout
Ask providers, have they ever experienced burnout and heard about that before? According to a Medscape survey in 2019, approximately 44% of providers have reported that they have experienced burnout. However, the rate was even higher in the specialty-specific practice...
How Does Economic Recession Impact Lab Practices? What Are The Ways To Cope?
How does a recession impact lab practitioners? From the last decade, the economic recession has become a recurrent phenomenon. The Healthcare industry has faced deteriorating outcomes and a period of economic instability following the 2020 financial crisis in the US....