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  • Posts tagged "medical billing strategy"

Posts tagged "medical billing strategy"

How to Take Your Medical Billing to the Next Level in 2024

January 27, 2024 / admin / Articles, Billing, Billing AI, Billing Automation, Billing Best Practice, Billing Revenue, Billing Services, Claims Management, Coding, Denial Codes, Denial Management, Denial Trends, Denied Claims, Healthcare, Healthcare Billing, Medical, Medical Billing, Medical Billing AI, Medical Billing Analytics, ROI

Medical billing is a complex and ever-evolving field. With constant changes in regulations, coding guidelines, reimbursement rates, and technology, medical billing services must continuously adapt and improve to stay competitive. Taking your medical billing to the next level requires focusing on efficiency, optimization, training, and utilizing the latest tools and software. Implementing the strategies outlined […]

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clearinghouse, EDI, healthcare, Healthcare Billing, Medical, Medical Billing, medical billing strategy, rcm, Revenue Cycle, Revenue Cycle Management, revenue cycle optimization, Robotic Process Automation, ROI, RPA

Speeding Payment Through Strategic, Outsourced Billing

January 11, 2024 / admin / Articles, Billing, Billing Automation, Medical, Medical Billing, Medical Billing Outsourcing, Medical Billing Service, Medical Claims, Outcomes, Outsource Medical Billing, Outsourced Billing, Outsourced Medical Billing, Outsourcing Medical Billing, Revenue Cycle, Revenue Cycle Management
White Female Revenue Cycle Management

Medical providers face numerous challenges when it comes to getting paid for their services in a timely manner. Between complicated insurance requirements, claim denials, and administrative burdens, it can often take weeks or even months for providers to receive payment. This cash flow bottleneck can put significant financial strain on medical practices and hospitals. One […]

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healthcare, Healthcare Billing, Medical, Medical Billing, Medical Billing Service, medical billing strategy, Outsource Medical billing, outsourced billing, outsourced medical billing, Revenue Cycle Management, revenue cycle optimization

Getting Paid Faster: Strategies to Improve Cash Flow Cycles

October 16, 2023 / admin / Articles, Billing, Cash Flow Cycles, RCM, RCM Challenges, Reimbursement, Reimbursement Rates, Reimbursement Regulations, Revenue, Revenue Cycle, Revenue Cycle Management, Revenue Cycle Management (RCM), Revenue Cycle Management Challenges
Billing Cash Flow Cycles

For any medical practice, timely insurance reimbursement is essential for financial viability and supporting smooth practice operations. However, elongated claim payment cycles strain cash flow and necessitate borrowing to cover costs in the interim. Below, we explore techniques to accelerate payer payments and optimize the speed of the medical revenue cycle. Diagnosing Causes of Lagging […]

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Cash Flow Cycles, healthcare, Healthcare Billing, Medical, Medical Billing, Medical Billing Service, medical billing strategy, rcm, reimbursement, reimbursement rates, Revenue Cycle, Revenue Cycle Management, revenue cycle optimization

Strategies for Reducing Accounts Receivable Days and Improving Collections

September 4, 2023 / admin / A/R, A/R Recovery, Accounts Receivable, AR, AR Recovery, Articles, Billing, Billing AI, Billing Revenue, Healthcare, Healthcare AR, Healthcare AR Recovery, Healthcare Billing, Healthcare Outcomes, Medical, Medical Billing, Revenue Cycle Management, Revenue Cycle Management (RCM)
Accounts Receivable (AR) Recovery

For any medical practice, keeping accounts receivable cycles short and patient collections high is critical for unlocking the path to financial health. When reimbursement lags become excessive or collection rates decline, financial pressures mount quickly. Covering key strategies and best practices to shorten accounts receivable days, boost patient payments, and strengthen the financial fitness of […]

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A/R, A/R Process, A/R Recovery, Accounts Receivable, Accounts Receivable Recovery, AR, healthcare, Healthcare Billing, Medical, Medical Billing, Medical Billing Service, medical billing strategy, Revenue Cycle Management, revenue cycle optimization

How to Verify Insurance Eligibility and Benefits Like a Pro

August 23, 2023 / admin / Articles, Billing, Billing Best Practice, Billing Revenue, Healthcare, Healthcare Billing, Healthcare Revenue, Insurance Eligibility, Medical, Medical Billing, Medical Billing Best Practices, Medical Billing Service, Verify Insurance, Verify Insurance Eligibility
insurance-eligibility-verification

Verifying a patient’s insurance eligibility and benefits is a critical first step in the medical billing process. Doing it thoroughly and accurately helps prevent claim denials and delays in payment down the road. We reveal proven techniques to verify eligibility and benefits like a seasoned medical billing pro. Insurance Eligibility Verifying insurance eligibility is crucial in […]

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Benefits Verification, Eligibility, healthcare, Healthcare Billing, Insurance Eligibility, Medical Billing, Medical Billing Service, medical billing strategy, Outsource Billing, Outsource Medical billing, outsourced billing, outsourced medical billing, Outsourced Verification, Revenue Cycle Management, revenue cycle optimization, Smarter Verification, Verify Eligibility, Verify Insurance Eligibility

Why Medwave is the Best Medical Billing Company for Your Practice

August 22, 2023 / admin / Articles, Automation, Billing, Billing AI, Billing Automation, Billing Best Practice, Billing Revenue, Billing Services, Denial Management, HIPAA, Medical Billing, Revenue Cycle Management, Robotic Process Automation, RPA
Accounts Receivable (AR) Recovery

Selecting the right medical billing company is key to ensuring smooth claim processing, optimal reimbursement, and an improved bottom line. As the healthcare revenue cycle becomes more complex, outsourcing to specialists is an increasingly attractive option. Below, we’ll explore why Medwave rises above the rest as the top medical billing service for providers. Deep Medical […]

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healthcare, Healthcare Billing, Medical, Medical Billing, Medical Billing Service, medical billing strategy, medical credentialing, Outsource Medical billing, outsourced billing, outsourced medical billing, rcm, Revenue Cycle, Revenue Cycle Management, revenue cycle optimization, Robotic Process Automation, RPA

Why Outsource Your Medical Billing?

June 26, 2023 / admin / Articles, Billing, Billing Automation, Billing Best Practice, Billing Revenue, Billing Services, Claim Billing, Claim Denials, Claim Rejection, Commonly Asked Medical Billing Questions, FAQs, Full Service Medical Billing, Healthcare, Healthcare Billing, HIPAA, HIPAA Compliant, Medical, Medical Billing
White Female Medical Billing Outsourced

In today’s fast-paced healthcare industry, medical billing plays a crucial role in the financial stability and success of medical practices. However, managing the complexities of medical billing can be overwhelming for healthcare providers. This is where outsourcing your medical billing can be a game-changer. In this article, we will explore the reasons why outsourcing your […]

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healthcare, Healthcare Billing, Medical Billing, Medical Billing Service, medical billing strategy, medical claims, Outsource Medical billing, outsourced billing, outsourced medical billing, Revenue Cycle, Revenue Cycle Management, revenue cycle optimization

Understanding Medical Billing for New vs. Established Patients

April 27, 2023 / admin / Articles, Billing, Billing Revenue, Billing Services, Existing Patients, Healthcare, Healthcare Billing, Medical Billing, Medical Billing Assessment, Medical Billing Best Practices, New Patients, Revenue Cycle Management
Therapist talking to patient

Efficient and accurate medical billing is crucial for healthcare providers and patients alike. Whether it’s handling billing for new or established patients, understanding the intricacies of medical billing practices is essential. We take an in-depth look into the key aspects of medical billing for new and established patients, exploring the differences, challenges, and best practices […]

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Medical Billing, Medical Billing Service, medical billing strategy, Outsource Billing, Outsource Medical billing, outsourced billing, outsourced medical billing, Revenue Cycle Management, revenue cycle optimization

How Both Healthcare Providers and Medical Billing Companies Succeed

February 3, 2023 / admin / Articles, Billing Best Practice, Claim Status, Claim Status Updates, Healthcare Provider's Expectations, Medical Billing Best Practices, Medical Billing Expectations, Reimbursement, Reimbursement Regulations
Medical Billing Healthcare Provider Handshake

The Business Relationship Between a Healthcare Provider and Medical Billing Company has to be Built on a Solid Foundation What are the Steps in Achieving a Healthy Business Relationship Between a Healthcare Provider and a Medical Billing Company? A good understanding of both sides’ expectations is crucial to the success of both parties. The healthcare […]

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Claim Status Updates, Customer Service, healthcare, Healthcare Provider's Expectations, healthcare providers, Medical Billing, Medical Billing Customer Service, Medical Billing Expectations, Medical Billing Service, medical billing strategy, medical claims, outsourced billing, reimbursement, Reimbursement Regulations, Revenue Cycle Management

The Medical Billing Onboarding Process

February 2, 2023 / admin / Articles, Billing, Billing Denied Claims, Billing Revenue, Claim Billing, Claim Denials, Denied Claims, Healthcare, Healthcare Billing, Medical, Medical Billing, Medical Billing Onboarding
Medical Billing White Guy

Medical Billing Onboarding Medical Billing Has Its Complexities Medical billing is a complex process that involves various steps to ensure that healthcare providers receive payment for their services. Onboarding a new medical billing system can be a daunting task, but it can also bring about significant improvements in the efficiency and accuracy of the billing […]

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Billing Onboarding, Medical Billing, Medical Billing Onboarding, Medical Billing Service, medical billing strategy, medical claims, Onboarding Billing, outsourced billing

6 Advantages of Outsourced Medical Billing

September 1, 2022 / admin / Articles, Billing, Billing Automation, Billing Revenue, Credentialing, Full Service Medical Billing, Healthcare, Healthcare Billing, Healthcare Credentialing, Medical Billing, Medical Billing Companies, Medical Billing Outsourcing, Medical Credentialing, Outsource Medical Billing, Outsourced Medical Billing, Outsourcing Medical Billing

Medical Practice Management Challenges Solved by Outsourced Medical Billing Quality, Outsourced Medical Billing is the Answer The billing team at Capitol Healthcare practice had been reaching a high bar of excellence. But that bar was endangered when long-time staff members began to retire. “Some of the staff had been here for a long time, like […]

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Healthcare Billing, insurance, Medical Billing, Medical Billing Service, medical billing strategy, medical credentialing, Outsource Billing, Outsource Medical billing, outsourced billing, outsourced medical billing, Revenue Cycle Management, revenue cycle optimization

9 Steps for a Proactive Medical Billing Strategy

November 22, 2021 / admin / Articles, Billing Revenue, Full Service Medical Billing, Healthcare, Healthcare Billing, Medical Billing, Medical Billing Companies, Medical Billing Cost, Medical Billing Outsourcing, Medical Providers, RCM, Robotic Process Automation, RPA

Isn’t it Time to Become More Proactive in Your Medical Billing Payment Strategies? “Do you believe in miracles?” During the 1980 Winter Olympics, the U.S. National Hockey Team miraculously vanquished the Soviet Union Team (who had won the gold medal in the six previous Olympics). It has been noted that one of the chief factors […]

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Basics of Medical Billing, Collection Process, Medical Billing, medical billing strategies, medical billing strategy, outsourced medical billing, Patient Collections, Revenue Cycle Management, Robotic Process Automation, RPA

Why Perform a Medical Billing Assessment?

August 25, 2021 / admin / Articles, Healthcare Billing, Medicaid, Medical Billing, Medical Billing Assessment, Medical Billing Companies, Medical Billing Outsourcing, Medicare, Outsourced Medical Billing
Medical Billing and Credentialing

The Reasons Why a Medical Billing Assessment is Needed Medical Billing Assessments Running a healthcare practice means keeping a tight ship for the sake of your patients and your reputation, as well as your financial well-being. But, let’s face it, practices are only as successful as their medical billing performance. If you have a prosperous […]

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Healthcare Billing, Medical Billing, Medical Billing Assessment, Medical Billing Company, medical billing cycle, Medical Billing Profit, Medical Billing Service, medical billing strategy, outsourced medical billing

7 Medical Billing Strategies to Boost Patient Collections

August 1, 2021 / admin / Articles, Behavioral Health Billing, COVID-19 Billing, Hospital Billing, Immunotherapy Billing, Medical Billing, Medical Marijuana Billing, Mental Health Billing, Occupational Therapy Billing, Patient Collections, Physical Therapy Billing, Speech Therapy Billing, Substance Abuse Billing, Toxicology Lab Billing
Medical Billing Software

7 Strategies to Maximize Patient Collections Any medical provider knows how difficult it is to get paid for their services. 73 percent of healthcare providers assert that it takes 30+ days to recover their payment fully. Various issues like complicated billing procedures, changing payer fee schedules, employee attrition, government directives, lack of training and resources […]

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Basics of Medical Billing, Collection Process, Medical Billing, medical billing strategies, medical billing strategy, outsourced medical billing, Patient Collections

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Practices Served

  • Behavioral Health
  • Genetic Testing
  • Pharmacogenetic (PGx) Testing
  • Toxicology
  • COVID-19 Testing
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  • Skilled Nursing Facilities
  • Urgent Care
  • Oncology
  • Pathology
  • OBGYN
  • Biologics and Specialty Drugs
  • Telestroke and Teleneurology
  • Remote Patient Monitoring
  • Remote Therapeutic Monitoring
  • Home Infusion Therapy
  • Speech Therapy
  • Substance Abuse
  • DME
  • Sleep Study Labs
  • Physical Therapy (PT)
  • Occupational Therapy

Practices Served

  • Behavioral Health
  • Genetic Testing
  • Pharmacogenetic (PGx) Testing
  • Toxicology
  • COVID-19 Testing
  • Allergy Testing
  • Skilled Nursing Facilities
  • Urgent Care
  • Oncology
  • Pathology
  • OBGYN
  • Biologics and Specialty Drugs
  • Telestroke and Teleneurology
  • Remote Patient Monitoring
  • Remote Therapeutic Monitoring
  • Home Infusion Therapy
  • Speech Therapy
  • Substance Abuse
  • DME
  • Sleep Study Labs
  • Physical Therapy (PT)
  • Occupational Therapy

Recent Posts

  • Laboratory Billing

    Which CPT Codes are Used in Laboratory Billing?

  • Medical Credentialing Staff at a Hospital

    25 Stats Medical Credentialers Must Know

  • Older Female Doctor in need of Credentialing

    Credentialing Problems? We Can Fix Them!

  • Medical Credentialing State-by-State

    Multi-State Licensing in Provider Credentialing

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