Medical billing is a daunting task that requires time, effort, and attention to detail. On the other hand, claims adjudication is nothing short of a nightmare for most healthcare providers. Why? You will get the answer in this guide. So, continue reading! After you submit a patient’s claim to their insurance provider, the provider reviews […]
Medical Claims Adjudication: Everything You Need to Know Read More »
ICD-10 has five times more codes than ICD-9, making it a more precise coding system. Thus, it makes sense that healthcare practitioners frequently wonder how to use unspecified codes or avoid using them altogether. In the ICD-9 coding system, it was common to use unspecified codes. Contrarily, in the ICD-10 coding system, using codes without
How to Use Unspecified Codes in ICD-10? Read More »
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
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