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…
Tag: Practice Management
You Need a Medical Billing Firm – Have You Considered These Qualities?
The financial success of any healthcare practice is related to how effectively the compliance, collection, and follow-ups are handled throughout the medical claims process. Medical billing is extremely complex and time-consuming, requiring considerable oversight from your medical practice team. Electing to outsource your billing to a firm can mean more quality time spent with your…
Validate Care Quality via Procedure Documentation
Clinical documentation is at the core of every patient encounter. It is to document the care provided to the patient, as well as to communicate with other providers. In order to be meaningful, it must be accurate, timely and reflect the scope of services provided. Elaborate on Quality of Care Make clinical documentation improvements…
What if your billing team went away tomorrow?
What if your medical billing team went away tomorrow? It’s happened to more than one practice. Like many specialty medical practices, you probably have an in-house team that handles your revenue cycle management; From billing to coding, to auditing, collections, payment posting, claims re-submissions and dealing with payors. For some practices, this in-house arrangement works…
Step by Step Efforts to Combat Claim Denial
A practice’s efforts to reduce claim denials should begin with an understanding of its greatest source of denials. Run a series of denial reports over a period of time (3 weeks, or 3 months) that include: denial reasons procedure codes reported modifiers diagnosis codes payors The results can be your greatest asset in identifying the…
Enhance practice performance in these simple steps
The healthcare revenue cycle/reimbursement cycle is a very particular machine. All aspects need to work together just right and at the right time or the system breaks down. Merem Healthcare Solutions works with independent specialty medical practices to help improve your medical practice as a whole. MEREM Healthcare Solutions is dedicated to providing physicians and…
Are You Aware of Bracket Creep?
Bracket Creep happens when receivables continue to age, moving from oneperiod to another without improving.
Have you noticed your Medicare reimbursements have decreased or delayed?
As an outsourced medical billing, coding and consulting company, MEREM Healthcare Solutions is seeing an increase in denials and loss of revenue for our clients due to this particular issue.
Is Your Practice Ready for the New Medicare Cards and MBI Roll Out?
The Centers for Medicare and Medicaid Services (CMS) are rolling out a campaign issuing new health identification cards to all Medicaid and Medicare recipients beginning April 1, 2018. The issuing of new cards and MBIs (Medicare Beneficiary Identifiers) requires all practices to prepare and adjust their workflows and technology systems to ensure they are prepared for this major information change in order to avoid payment delays.
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