Managing Patient Financial Responsibility, While Maintaining High-Quality Care

September 29, 2024 / admin / Articles, Patient Billing, Patient Care, Patient Experience, Patient Financial Responsibility, Patient Flow, Patient Insurance Eligibility, Patient Medical Billing, Patient Responsibility, Patient Satisfaction, Patient-Centered Medical Home, Patient-Centric, Patient-Centric Billing Systems, Patient-Friendly

Healthcare providers face the dual challenge of delivering exceptional patient care while effectively managing the financial aspects of their practice. As healthcare costs continue to rise and patients bear an increasing share of these expenses, it’s crucial for providers to implement strategies that balance financial sustainability with the commitment to high-quality care. We inspect the […]

Patient Financial Responsibility

September 24, 2024 / admin / Articles, Patient Billing, Patient Care, Patient Collections, Patient Costs, Patient Dissatisfaction, Patient Experience, Patient Financial Responsibility, Patient Medical Billing, Patient Responsibility, Patient Satisfaction, Patient-Centered Medical Home, Patient-Centric, Patient-Centric Billing Systems, Patient-Friendly

Managing Increasing Patient Out-of-Pocket Costs and Improving Collections The healthcare landscape in the United States has undergone significant changes in recent years, with one of the most notable shifts being the increasing financial burden placed on patients. As insurance companies and employers look to control costs, patients are facing higher deductibles, copayments, and out-of-pocket expenses. […]

Patient Payment Trends Moving Forward

November 26, 2021 / admin / Articles, Billing, Medical Billing, Medical Claims, Patient Billing, Patient Collections, Patient Flow, Patient Medical Billing, Telehealth

Patient Payments in Healthcare are Changing In spite of a “hot-vaxxed summer,” the COVID-19 pandemic lingers, and sadly, even more robustly in some places than ever before. It’s also continuing to take its toll on healthcare consumers, both psychologically and financially. That’s one of several reasons why it’s more critical than ever for healthcare providers […]

Meeting the Challenge of Revenue Cycle Management

September 16, 2021 / admin / A/R, A/R Recovery, Articles, Healthcare, Healthcare Billing, Healthcare Outcomes, Medical Billing, Medical Billing Companies, Medical Claims, Patient Billing, Patient Collections, Revenue Cycle Management

Revenue Cycle Management Challenges If a healthcare provider doesn’t set up an efficient billing process, it runs the risk of losing quite a bit of money. With high-deductible insurance plans becoming more widespread, patients are shelling out additional money out of pocket. Or, if the patient is uninsured or underinsured, problems arise since there’s not […]

The Importance of Ethical Medical Billing Practices

August 17, 2021 / admin / Articles, Healthcare, Healthcare Billing, Healthcare Outcomes, Medical Billing, Medical Billing Companies, Medical Billing Cost, Medical Claims, Outsource Medical Billing, Outsourcing Medical Billing, Patient Billing

The Gravity of Ethical Medical Billing Practices The Hypothetical Case of Dr. Michael Stevens’ Unethical Medical Billing Behavior The case of Dr. Michael Stevens is an illustration of the worst-case scenario when unethical behavior impacts medical billing. An anesthesiologist and owner of a pain management clinic, Dr. Stevens was obliged to relinquish his medical license […]

Efficient Medical Patient Flow Increases Revenues

July 21, 2021 / admin / Articles, Medical Billing, Medical Billing Companies, Medical Billing Cost, Patient Billing, Patient Flow, Patient Medical Billing

Patient Flow Increases Revenues No longer can healthcare practices rely on the single appointment and waiting room process. Managers of healthcare practices of all types and sizes increasingly recognize that effective patient flow is key to increasing revenue and improving efficiency for the practice as well as providing a positive experience for the patient. As […]

What’s a Medical Billing Service?

April 15, 2021 / admin / Articles, Healthcare, Medical Billing, Medical Billing Companies, Medical Billing Outsourcing, Patient Billing, What is Medical Billing?

The Basics of Medical Billing As a healthcare provider, you wear quite a few hats. Chances are medical billing might be one of them. But is there a better way? Let’s discuss the advantages for your healthcare practice to consider outsourcing to a professional medical billing company. An Understanding of Medical Billing Medical billing is […]

4 (Medical Billing) Techniques that Can Assist Your Practice

August 22, 2019 / admin / Articles, Best Medical Billing Company, Denials Managements, Healthcare Delivery, Medicaid, Medical Billing, Medical Billing Companies, Medical Billing Customer Service, Medicare, Patient Billing, Patient Medical Billing, Top Medical Billing Companies

Medical Billing Techniques that Can Be Installed to Help Your Medical Practice Health care providers should periodically review their financials and revenue cycle, so that they can take corrective measures at the earliest if required. A great deal of medical offices / health care providers find that medical billing is one area which could be […]

How to Prevent (Denied Medical Claims)

August 20, 2019 / admin / Articles, Denials Managements, Medical Billing, Medical Billing Companies, Medical Billing Outsourcing, Patient Billing, Patient Medical Billing, Revenue Cycle Management

Denied Medical Claims Prevention It’s approximated that $3 trillion worth of medical claims are submitted every year to insurance companies, etc., with $262 billion worth of these claims denied. Approximately 65% of the denied medical claims are not resubmitted to the organization which denied the claim. Statistical data indicates that commercial payers are denying 58% […]