Medibill MD Blogs

Author name: Addison Barnes

Claim Submission Accuracy

Ways to Enhance Claim Submission Accuracy for a Healthier Revenue Cycle

Medical billing has strict rules and regulations. Healthcare providers must follow these to ensure timely reimbursements for their rendered care services. Even a small error can negatively affect the financial health and reputation of the practice.  Some of these negative consequences include claim rejection, reimbursement delays, and heavy penalties. As a result, it’s important to […]

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MediBill MD Medical Billing Services for Small Practices

Handling the entire medical billing workflow can be a daunting task. Comprehending intricate insurance policies, remaining current with billing codes, and ensuring prompt payments are all essential elements, but this shouldn’t take precedence over patient care.  MediBill MD provides an economical alternative with its medical billing services for small practices. We streamline the billing procedure,

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Place of Service (POS) in Medical Billing

Place of Service (POS) in Medical Billing: Why Is It So Important?

Are you lost in the labyrinth of the place of service in medical billing? This guide is your beacon of clarity, illuminating the often-murky world of the place of service (POS) codes. These codes hold immense power, influencing both the fate of your claims and the very lifeblood of your practice – the reimbursements received. 

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denial management

A Comprehensive Guide on Denial Management in Healthcare

Yes, you figured it right! This guide is all about mastering denial management in the healthcare space. Medical claim denials occur when an insurance provider declines to pay for medical services that a patient has received from a qualified healthcare practitioner.  They are a persistent problem, negatively impacting cash flow, operational efficiency, and revenue for

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what is Payment Posting

What Is Payment Posting In Medical Billing?

A healthcare practice may suffer significant losses due to claim denials, patients who pay late, or failure to bill a patient altogether. Payment posting may seem straightforward, but it is the most essential component of the revenue cycle and prevents revenue leakage. Besides, it can significantly impact patient satisfaction, productivity, and overall financial success of

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Revenue Cycle Management (RCM) in Medical Billing

Revenue Cycle Management (RCM) in Medical Billing: A Fact or Myth?

Revenue cycle management (RCM) is the process healthcare practices employ to handle the financial aspects of their business. In this guide, we will discuss whether ‘RCM in medical billing’ is a correct term or a misconception. We will also present some of the important strategies that you can integrate into your RCM process to make

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Healthcare revenue cycle management

A Comprehensive Guide on Healthcare Revenue Cycle Management

Running a medical practice is not an easy FEAT – a lot of effort goes into it. One of these is most important for your practice’s financial health, i.e., healthcare revenue cycle management (RCM). Therefore, all healthcare facilities must understand it and learn to optimize it. If you are a trusted healthcare provider struggling to

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Pros and Cons of Medical Billing & Coding

Pros and Cons of Outsourced Medical Billing & Coding

Yes, you guessed it RIGHT! This guide will walk you through the pros and cons of outsourced medical billing and coding. But why should you read it? Here’s WHY! Any practice’s success mainly depends on two things; patient care and revenue management. Since providing healthcare is the primary function of any medical facility, therefore providers

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Telemedicine and Telehealth Trends and Its Effects

Telemedicine and Telehealth Trends and Its Effects

Telehealth is a broad term that encompasses a wide variety of remote healthcare services. Telehealth includes clinical and non-clinical components of the healthcare industry, including education, administration, and public health. Telemedicine falls under telehealth. Telemedicine is narrowly focused on medical care. Telemedicine mostly implies the remote provision of clinical treatment. It entails patients receiving medical

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