Certainly, let’s discuss technology, specifically focusing on billing software in the context of a billing company. Technological advances have indeed revolutionized the way billing and financial operations are managed. However, like any tool, billing software has its advantages and disadvantages, and its effectiveness depends on various factors, including the company’s understanding and utilization of the…
Category: Medical Billing and Co…
Principles of Improving Patient Procedure Collections
It has never been more important to the financial health of your practice to have an efficient patient pre-collections program in place. The goal is to get patients to pay in full prior to the procedure. The motto for getting paid is to Ask Early and Ask Often for Payment. The fact is, the further…
Outsource to Avoid Medical Billing and Coding Errors!
By utilizing an experienced team of medical billers and coders who are knowledgeable in various specialty medical codes and trends, you can rest assured that things are being handled properly behind the scenes while you and your medical team can take care of patients upfront. Chances are what first brought you into the healthcare industry…
How You Can Effectively Handle Claims Adjustments
When a physician provides medical services to a patient, the expectation is that they will receive reimbursement for that service. When the payer issues a denial and requires a claim adjustment, the provider doesn’t receive their payment. Many times these denials can be appealed, depending on the reason for the denial. Below, the medical billing…
In-House Medical Billing Costs More – Outsource!
Medical Billing and Coding Services is an essential part of any medical practice – which makes many practitioners think it is something that should only be performed in-house. Of course, once they figure out how much it costs you to have medical billing in-house, they tend to look toward the possibility of outsourced medical billing. Believe…
Add-On Codes That Physician Specialties Need to Know Before 2021
The 2019 Medicare Physician Fee Schedule (MPFS) proposed rule discussed potential add-on codes to represent Evaluation and Management complexity. Lucky for physician specialties, it been delayed until 2021. The proposed add-on code was a way to add reimbursement in the new territory of blended E&M payments. For physician specialties, CMS is proposing to revise the current…
Significant Impacts of HDHP on Your Medical Practice
With the increasing prevalence of High Deductible Health Plans (HDHP) and other aggressive patient cost-sharing models, it has never been more important to the financial health of your practice to have an efficient patient pre-collections program in place. At MEREM Healthcare Solutions, one thing we know for sure is that poor revenue cycle management can be disastrous for a practice.
The Masters of Revenue Cycle Management
While your “long game” goal as a specialty healthcare facility is to provide high-quality care to your patients. You need to master your revenue cycle management in order to keep positive cash flow so that you can continue to provide the state-of-the-art technology and quality services you desire within your medical practice. When medical billing…
Finding the Right Fit
Have you struggled with choosing an outsourced Medical Billing Company? Is your medical practice overwhelmed with the paperwork of billing and coding? If you have outsourced your revenue cycle management process, how did you know that the outsourced medical billing and coding services company you are working with was the right fit for your practice? …
How Can Your Practice Avoid An Audit?
Is your medical practice at risk for an audit? Are you off the grid from auditors and sure everything is being coded and billed correctly and ethically?
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