Tagged with billing
Top 3 Medical Billing Challenges in 2023
Every year brings new medical billing challenges for practices. If these challenges are not appropriately addressed, these can lead to an administrative burden, staff burnout, and delays in reimbursement. Addressing these billing challenges effectively can help you: Improve cash flow. Reduce denials. Increase patient satisfaction. Ensure you are getting paid for your work. The…
How Technology can Help you Optimize your Patient Payment Process
The healthcare industry is evolving and should adopt technology tools to enhance processes and increase patient payments. The trends in healthcare payments show that there is more financial burden on patients due to higher deductibles, coinsurance amounts, and copayments. According to the Statista Research Department, in 2020, the total U.S. out-of-pocket healthcare payments reached approximately…
Prevent Denials in your Medical Practice & Increase Revenue
Drive denials down to drive revenue up with these strategies you can implement in your practice. Billing is one of the most critical processes in the success of every medical center. Most people involved in directing and operating medical practices understand that billing and coding require daily attention to detail, trained staff, and a solid…
Top 3 Ways to Increase Revenue in your Behavioral Health Practice
Increasingly, practices face pressure to increase and optimize revenue. However, some practices have a great landscape that allows them to maximize their efforts to improve their reimbursements and enhance their efforts to provide better patient care. Behavioral Health practices have a great opportunity to grow in the upcoming years. According to a Market Research…
