The dental industry in America is continuously expanding due to increasing oral health issues in young adults and children. Grand View Research has highlighted that the market size of dental services, estimated at $192.22 billion last year, is expected to grow at a 3.3% CAGR rate until 2030. With these numbers, one might assume dental […]
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People around you may be using ERA and EOB interchangeably. However, we are here to tell you that both EOB and ERA are different documents that serve distinct purposes in medical billing. What is ERA in Medical Billing? Electronic Remittance Advice (ERA) is the electronic version of traditional paper-based Explanation of Benefits (EOB). An insurance
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Is billing a tedious task for your administrative staff? In-house medical billing teams often fail to accurately record the rendered services, leading to errors in medical claims and high denial rates. Illinois has one of the best healthcare systems. Yet, according to KFF, 10.1% of Illinoisans face medical debts due to a lack of insurance
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After Silicon Valley (San Francisco Bay Area), Boston is the most promising place in the USA for health-tech startups. In 2023, the capital city of Massachusetts overtook New York to become the second-best city in the country for healthIT firms. According to the data obtained by the U.S. Bureau of Labor Statistics, there were around
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Billing tasks can become much easier if you know your codes. But how can you do that with so many procedures, complex situations, coverage exceptions, and rules? It is common knowledge that nephrology focuses on diagnosing and treating kidney diseases. It has evolved into a major internal medicine specialty and continues to grow due to
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In the last quarter of 2023, the U.S. Department of Commerce Economic Development Administration (EDA) designated the Greater Philadelphia area in Pennsylvania a regional technological hub and innovation center. With increased calls for funding, the government announced job creation for young tech workers. Such initiatives have propelled the state’s health IT sector into mainstream focus,
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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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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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