Medical Billing Tune Up & the Nine Step 1st Medical Billing® Check List

Indicators that suggest problems with your billing include:

  • A growing AR balance;

  • Claim data is not entered daily;

  • Patient statements not sent regularly;

  • Payment posting in error.

In some cases, approximately one fourth of all medical practice income is lost due to: lack of follow-up; missed charges; or a consistent approach to billing medical claims. Is your practice among those receiving seventy-five percent of available billing revenue?

 

Here are nine ways to improve medical billing and maintaining financial health.

1) Patient Verification medical_billing_verify_patient_eligibility

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How to Go Paperless With 1st Medical Billing®

Three Steps to Improve Collections and Save Time

Medical practices large and small, hospitals and other medical facilities waste tons of paper every year, but more importantly they waste time processing the paper.  Some estimates report that the healthcare industry reliance on paper cost $375 billion annually.  Physician’s cost of delivering healthcare to patients is expensive, so what can be done to help reduce administrative expenses?  Medical practices need to think outside of the box to eliminate nonessential labor expenses, ...

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How Professional Medical Billing & Coding Can Save Time For Ophthalmologists

Although ophthalmologists specialize in eye health, that doesn’t mean they only deal with one kind of issue in their practices.  Every patient visit requires expertise in ophthalmology billing and coding, but many ophthalmologists would prefer to see patients. Some of the many ailments and needs handled in their offices include:

  • Cataracts
  • Dry eyes
  • Eye-related complications from diabetes
  • Glaucoma
  • Macular degeneration

Also, people who have eye infections also often have to visit ophthalmologist practices. Nearly a million eye infections per year are severe enough to warrant ...

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How Does Outsourced Medical Billing Help Doctors?

It’s often hard to convince physicians that they should hire an outside company to handle medical billing and coding instead of taking care of it in-house. After all, doctors use the triage system to prioritize patients according to the severity of their needs. They are likely to use that way of thinking in other aspects of life, too. If there is not an existing and clearly identified problem associated with that part of their practice, they probably won’t feel very ...

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MACRA, MIPS & Your Money

Are you ready for Medicare MIPS (Merit-based Incentive Payment System) 2017 reporting?

  • With some effort you will qualify for an incentive payment.
  • Just because it appears easy does not mean that reporting is simple.
  • Miss some of the subtleties and your minimal action you will incur a four percent (4%) penalty of your allowable Medicare charges.
  • If your allowable Medicare charges are $50K per month that mistake could cost you $24,000 annually.

$24,000 . . .Ouch!  Let’s put that in terms that means something to ...

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