5 key points for providers to consider before outsourcing services
Being a healthcare provider or a practitioner, you might often find yourself in a place where you’re just wearing too many hats. Managing administration, financing, in-house billing which is a series of tasks in itself, makes practice less focused. This gets...
Outsourcing Medical Billing: A Comprehensive Guide For Providers
Medical billing can undoubtedly be a challenging and time-consuming affair. It's simple to understand how in-house billing may quickly turn into a resource hog for your clinic due to the coding, claims submission, denials management, and other tasks involved....
7+ Healthcare KPIs Vital to Track For Your Medical-Business
The healthcare landscape is constantly changing, and with that comes new challenges for laboratories. One of the biggest challenges is billing and reimbursement, which can be complex and time-consuming. To make things easier, we’ve compiled a list of healthcare KPIs...
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...
What Are 3 Different Types Of Billing Systems in Healthcare?
A billing system in healthcare is a set of protocols and procedures that make sure that every task involved in revenue collections management is going great. That ultimately results in a streamlined administrative workflow as well as improved billing collections....
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...
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...
Appeal Rejected Medical Claims Successfully & Uncover Latent Profits
Denial prevention is important! We are used to hearing these words frequently. As shifting towards claims denial management to prevention can take your profitability to the highest standards and vice versa. But what about the payments that you have lost so far?...
How Do Predictive Data Analytics Help To Tackle Revenue Cycle Challenges?
Are you endeavoring to assure the proficiency and sustainability of your lab practice? How can you leverage predictive analytics to enhance the performance of the revenue cycle? For this, you must have to get familiar with predictive data analytics. With predictive...
