29 Nov Most common medical billing errors and tips to eliminate them.
A practice must be mindful of these factors to avoid any outstanding obstacles to generating revenue. Many times, medical billing fraud has been reported....
A practice must be mindful of these factors to avoid any outstanding obstacles to generating revenue. Many times, medical billing fraud has been reported....
As a healthcare provider, you aim to grow your business. The more patients come to you for care, the more revenue you will end up generating. To become attractive to your potential consumers, it's significant that your facility attains the trust of insurance companies. ...
There are some misconceptions regarding the Fair Debt Collection Practices Act (FDCPA) amongst laymen. These regulations are kept in place to manage smooth debt collections and maintain the conduct of the creditors approaching the debtors....
f your healthcare facility comes across denial claims, you must be aware of how this can be fairly frustrating. It means you would need to put more hours into resolving the claims, while your revenue suffers simultaneously. ...
Employing effective strategies for account receivable management is crucial to running a healthcare facility. It's not a choice anymore, instead has become a need for a smooth run of your organization....
As a provider, your daily tasks matter the most. This includes supporting the patients and meeting their healthcare needs. One of the most tedious jobs is maintaining medical billing and payments....
In today’s era, patients demand ease and convenience. This becomes the biggest reason why brand loyalty is rapidly declining amongst medical practitioners. ...
The Health Insurance Portability and Accountability Act (HIPAA) was passed in 1996. HIPAA along with the Fair Debt Collections Privacy Act (FDCPA) has made a powerful impact on the legality of the USA....
Debt plays a big part in your financial standing. Moreover, it also affects your credibility to borrow money or pay a lower insurance rate. Your credit score is what will direct your reputation in financial opportunities....
The Gramm-Leach-Bliley Act, (GLBA) is also known to be the Financial Modernization Act of 1999. To become GLBA compliant, a healthcare facility must reach out to its patients and inform them about how they share their sensitive data....
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