Category: Private Practice

Study: Patients Prefer Electronic Billing for Healthcare Services

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… Read more »

Study: 30% of Patients Leave Doctor’s Office After Long Waits

Waiting Room

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… Read more »

How to Prepare Your Practice for the New Medicare Card

medicare card

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… Read more »

6 Ways to Optimize Your Practice’s Revenue Cycle

practice revenue cycle

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… Read more »

How to File a Medicare Claim That’s Accepted the First Time

Medicare Claim

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…. Read more »

No More Denials! The Secret to Successfully Processing Claims

processing claims

There is no denying that you need to stay on top of processing claims to ensure that your business is being adequately reimbursed. Yet, claim management has the tendency to be tricky. In fact, one in every 10 medical claims is at risk of being denied! If you are finding yourself with a stack full… Read more »

8 Signs You Should Run From Your Current Medical Billing Company

One dollar for every $10 of private practice revenue is at risk of not getting reimbursed from insurance companies — often because of errors in the submission process. If you are experiencing this frustrating reality, you are not alone. But that doesn’t mean there’s nothing you can do about it. Medical billing companies are experts… Read more »

The Top 9 Medical Billing Denial Codes and Reasons

Medical billing denial codes are one of the most frustrating parts of running a medical practice. Not only do they mean lost money; they also often mean that you’re going to have to waste your time either fighting the denial or trying to collect from the patient. Know the Top Reasons for Claim Denials Understanding… Read more »

Your Practice Is Losing Money Without Proper Denial Management

medicare claim denied

A Medicare claim denied is a lost opportunity for income. When private insurers reject claims, you may be put in the untenable position of collecting funds directly from patients, particularly alienating them, or writing off the lost funds. The average medical practice has a profit margin of about 13%. Eat into this too much through… Read more »