Top Healthcare Trends in 2023
Healthcare organizations had to revisit their revenue cycle after the COVID-19 impact as they have to take care of more patients. In addition, the relaxation in the social distancing leads to greater number of patient visits to medical practices. Similarly, labs and...
Billing Guidelines for Pathology Lab Owners – How to Get More Reimbursements
There are various methods followed while billing pathology services. In addition, the methods depend on the agreements between labs and providers. In general, the revenue cycle process of laboratory billing revolves around the interactions between providers, labs, and...
What Is Medical Credentialing & Why Is It Important?
To understand “what is medical credentialing”, you need to focus on the process of getting affiliated with insurance payers. In addition, credentialing can be referred to as verification of healthcare providers whether they are qualified to provide care or not....
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...
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....
Apply These 5 Secret Ways For Managing Prior-Authorization In RCM
Are you facing delays in patient care & inefficient workflows? Prior authorization management is growing heavier day by day due to a huge administrative burden. It has become a cumbersome process filled with manual tasks and roadblocks that dilute the original...
Healthcare Financial Challenges & Significance Of Its Management
What are the critical financial challenges that the healthcare industry is facing nowadays? At this point, the grieving financial situation the industry is going through is unforgettable & was never imagined. No one on this planet can obstruct the disaster from...
Four Reasons Why Customized Billing Can Inspire Your Business Growth
Unfortunately, running a practice means shuffling a million duties, removing ceaselessly valuable time and energy from tending to your patients. Adopting customized medical billing solutions can help you tackle a considerable amount of troubles you might be dealing...
Pro Tips 101: Align Your Toxicology Labs Cash Flow With Toxicology RCM Solutions
When it comes to the financial management of struggling medical facility cash is considered as the key to business success. But there are ways to optimize revenue, toxicology billing services, and performance by taking a more structured approach, i.e outsourcing....
5 Rationales Why Should You Opt For a Molecular Billing Company
Perhaps the main choices you will have when starting a molecular practice is whether to deal with your medical billing in-house or outsourcing it to a professional molecular billing company. While some clinical experts may incline toward an additional active...
Why Billing Solutions Are Important aspect of value-based care?
The US healthcare authorities have been emphasizing the medical industry to shift their practices towards value-based care models since 2018. Therefore, healthcare providers need sufficient resources to make sure that they deliver quality patient care services. For...
Can Doctors Perform A Drug Test & Charge Lab Bill Without Consent Of The Patient?
Although, medical lab professionals usually don’t ask for the consent of the patient before carrying out any test. However, they conduct these tests while considering the technical limitations and medical necessity of the test. But when it comes to substance abuse/...
