The Precision Medical Billing (PMB) team enjoys attending industry conferences to hear about the latest healthcare trends. We are also reminded of our central mission to make the medical billing process easier for providers. In September, the PMB team attended the CareForum 2018 conference in San Antonio, Texas, presented by Mediware/Kinnser (now WellSky). One of […]
According to a recent survey by Waystar and HIMSS Analytics, the majority of hospitals, health systems, and outpatient facilities continue to bill patients with paper statements. Although paper billing is a standard practice, more than half of the 1,000 patients surveyed said that they prefer electronic billing and payment. Electronic billing aligns with how patients […]
To safely carry out billing for your private practice, it is imperative that any cloud-based software being used is compliant with the Health Insurance Portability and Accountability Act. Based on a survey done by Bitglass, those in the healthcare industry aren’t as likely to use software based in the cloud. This is due to the […]
A recent study by Vitals showed that up to 30% of people end up leaving without seeing their physician because the wait is too long. Each patient who leaves due to frustration could be a missed opportunity for revenue for the doctor’s office. In fact, 1 in 5 patients reported changing their doctor because of […]
The process for managed care can be difficult to handle. When managing the office for home health care, you have a lot of responsibility and data to keep track of. If you do not have a handle on a proper billing process, you can quickly find yourself way over your head. This is why home […]
As you have most likely heard, as of April of 2018, the Center for Medicare and Medicaid Services began mailing new Medicare cards to all active beneficiaries. These cards no longer have the Social Security number included on the cards in an attempt to minimize the threats of identity theft. Instead, the card will identify […]
For medical practices such as yours, revenue cycles have been majorly impacted by changes in the healthcare industry in the last 10 years. Not only have Medicare and Medicaid reduced physician’s reimbursement, but the submission requirements on claims have become a lot more strict. If you are not on top of your game, it is […]
Home health billing and compliance errors happen all of the time. These issues cannot be ignored or your agency will end up with a large amount of fines and denials, not to mention the outstanding money that is owed to them for services that were already performed. About 9.4 billion dollars was lost to improperly […]
We are excited to share that Precision Medical Billing was recognized as the No. 1 medical billing company in the U.S., according to the Becker Hospital Review’s 2017 list! The Medical Billing Service Review compiled the list after analyzing 100 U.S.-based billing companies. PMB took the top spot in the list and was the only […]
Even though 15% of the population in the U.S. are enrolled in Medicare, many medical billers are still having a hard time figuring out how to successfully file a Medicare claim. There are a lot of details to keep track of, and if you don’t, it is very easy for your claim to be rejected. […]