Medical billing and coding transform a patient visit into a claim that insurance payer companies can understand. Although they are two different processes, billing and coding are both required for healthcare practitioners to be paid for their services. This guide will discuss medical billing and coding in detail. Besides, we will look into how the […]
What Is Medical Billing and Coding? Read More »
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
Ways to Enhance Claim Submission Accuracy for a Healthier Revenue Cycle Read More »
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. MediBillMD provides an economical alternative with its medical billing services for small practices. We streamline the billing procedure, give
MediBillMD Medical Billing Services for Small Practices Read More »
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.
Place of Service (POS) in Medical Billing: Why Is It So Important? Read More »
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
A Comprehensive Guide on Denial Management in Healthcare Read More »
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
What Is Payment Posting In Medical Billing? Read More »
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
Revenue Cycle Management (RCM) in Medical Billing: A Fact or Myth? Read More »
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
A Comprehensive Guide on Healthcare Revenue Cycle Management Read More »
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
Pros and Cons of Outsourced Medical Billing & Coding Read More »
Artificial Intelligence (AI) is a force to reckon with. It has proven to be beneficial for every industry. It has also played a vital role in the advancements of the healthcare industry. AI integration in healthcare has the potential to reduce costs, increase overall patient satisfaction, improve alternatives to therapy, and result in diagnosis accuracy.
Healthcare Technology and AI Read More »
