Medical Billing FAQs

Is your practice struggling with a high contractual adjustment rate (CAR), affecting your payment cycle and revenue health? If yes, then this guide is for you! We will discuss what this adjustment means, its rate, industry benchmark, group codes, and allowable rate. Some effective strategies have also been shared to help you improve the contractual […]

Artificial intelligence (AI) and automation are revolutionizing almost every industry, and healthcare is no different. However, not everyone can gauge its full potential. It is impossible to cover all the facets of healthcare that could benefit from this technology in a single blog.  BUT! As a healthcare provider, you must be concerned with keeping your

What is upcoding in medical billing? Well! It is a coding error that can make insurance companies pay more than what they owe the provider. But things are not as simple! This coding error can also be termed fraudulent activity, costing you your reputation and resulting in heavy penalties, such as cancellation of your practice

Identifiers are necessary for processing online information. An entity code is exactly that! This medical identifier labels different entities (individuals) involved in the billing process, including healthcare providers, such as doctors, hospitals or clinics, patients, insurance companies, or a third-party billing service. If you are a healthcare or medical billing professional, you might already understand

Healthcare facilities struggle to stay profitable amidst reimbursement cuts and ever-evolving regulations. A/R, or accounts receivable in healthcare, is one of the many metrics that need constant monitoring to avoid flushing your rightful payments down the drain. This comprehensive guide will explore it in detail. We will start by discussing what is A/R and what

In the rapidly evolving digital age, industries worldwide are undergoing significant transitions, and the healthcare sector is no exception. One notable change in healthcare is the transition from traditional paper-based medical billing methods to more efficient and accurate digital billing systems. However, the shift was NOT sudden. It happened gradually, and with the popularity of

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

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

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

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.