How can you compete with large medical practices while struggling with high denial rates? As one of the most populated American states, New Jersey has a flourishing healthcare industry driven by its residents’ needs. According to the ‘New Jersey’s Health Sector: A Detailed Analysis of Labor Market Information’ report, the industry employed 483,000 people in […]
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Are you following the latest pathology coding guidelines? Or is your revenue slipping through your fingers due to coding errors? Pathology acts as a bridge between science and medicine. It provides diagnostic information about patients so healthcare providers can offer the correct treatment. Unfortunately, many pathology labs have to absorb the financial impact of an
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Treating patients with substance use disorders is taxing, especially when the relapse rate is between 40% and 60%. But what can really sink your ship is the never-ending rehab billing workload. You must file accurately coded, completely documented, and regulatory-compliant medical claims to collect reimbursements for the rendered care services. Hence, a thorough understanding of
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Undoubtedly, medical billing is an intricate process that can either make or break a practice. Several steps require attention to detail for accurate billing and timely reimbursements. Even then, there are instances where practices struggle with high denial rates and unsteady cash flow. Therefore, we will introduce you to the top 10 medical billing companies
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Are you missing reimbursement opportunities due to coding mistakes? You might not realize it, but an improper coding process can damage a practice’s revenue stream and affect its daily operations. While podiatry is a less stressful specialty compared to others, it has high denial rates due to complex coding requirements. Coverage restrictions, frequent use of
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Are you familiar with the latest gastroenterology CPT codes? If your work hasn’t allowed you to keep up with the changing code sets, this blog is the perfect opportunity to discover the most common CPT codes for gastroenterology procedures in 2024. Long and unpredictable hours with intense work demands can be exhausting, especially in a
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How often do you receive prompt payments for your services without any rejections? Payers deny most medical claims due to billing errors, such as incomplete or missing patient information, mismatched coding, lack of pre-authorization, and missed deadlines. The problem is so severe that according to Premier’s voluntary national survey of 2023, insurance companies, on average,
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Texas, the largest state in the contiguous USA, has a robust healthcare industry. According to Definitive Healthcare, Texas has the most number of hospitals in any US state (757) and around 25,659 physician group practices. From inpatient hospitalizations to outpatient services, these healthcare organizations carry the prestige of human lives on their shoulders. To accomplish
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Did you know that practices with in-house billing teams face more problems than those who outsource their billing process? While the healthcare industry in Florida is constantly evolving, the billing challenges are also becoming more complex. It seems almost impossible to satisfy every payer these days. The average denial rate for in-network claims in Florida
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Nursing homes are becoming more popular with the aging population. In 2020, the U.S. Centers for Disease Control and Prevention (CDC) reported that around 1.3 million people were enrolled in over 15,000 certified nursing homes. Now, there are over 25,000 nursing homes in the US. These centers provide skilled nursing, rehabilitation, and other services to
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