Thursday, January 9, 2025
Health systems of all sizes continue to face expensive claim denial issues, and the rate of claim denials has steadily risen since 2016. The pandemic only worsened the trend; by the third quarter of 2020, the initial claim denial rate had reached 11%. This indicates that more than one in every ten claims is rejected.
[ Read More ]You appreciate the value of giving excellent care to your patients as a mental health practitioner. However, maintaining your practice’s administrative chores can be a big cause of stress. Billing insurance companies and keeping track of patient data are just a few of the activities that can quickly eat into the time you have to
[ Read More ]An efficient and professional healthcare system is based on a few elements that include the various health providers, medical equipment, medical machines, and other components, medicine, and drugs that are used treatment of diseases, insurance companies, and medical billing staff. Clinical practice needs proper financial resources to ensure not only the delivery of proper care
[ Read More ]Hospitalist billing is a vital piece of the puzzle for rounding physicians who see patients in hospitals. It is the gateway and process to getting paid for patients seen and treated. Good hospitalist billing gets you paid, great hospitalist billing automates and streamlines the processes so that you not only get paid in full but
[ Read More ]ICD – an acronym for International Classification Diseases assists in analyzing statistics and trends of the healthcare industry, which can further be shared with other health professionals globally. While ICD-10 was considered a technological rage in the healthcare industry that streamlined documentation, the implementation of ICD-11 from January 1st, 2022 has further impacted the medical
[ Read More ]Every hospital in the world has the responsibility of serving the health care demands of the community in its area, 24 hours a day, seven days a week. However, our segmented healthcare system complicates hospitals’ jobs, which leaves millions of citizens unable to pay the healthcare support they require. Hospitals interact with over 1,600 different insurance
[ Read More ]Medical billing and coding are regarded as complex cycles, as even little errors can spark off case refusals and postponement in installments. Indeed, even an all-around organized and skilled organization can likewise make errors and it is pretty regular too. The medical billing and coding blunders lead to higher case disavowals, loss of installments, and
[ Read More ]In a field of work as busy and fast-paced as emergency medical services (EMS), much of the focus goes into saving lives. But when the work of saving lives is done, the administrative work has to get done, too. Proper management of resources, like finances, is key to the continuity of EMS operations. Every penny
[ Read More ]The ongoing pandemic has caused arguably the worst financial strain, the US healthcare system has ever experienced. Healthcare providers are facing immense challenges to keep their claims process optimized. Therefore, they are looking for innovative solutions to reduce claim denials. No doubt, the denial of a patient’s insurance claims is a major headache for medical
[ Read More ]It is a common scenario for patients to receive treatment that they are unable to pay, or simply haven’t gotten a chance to make their payment for various reasons. If you are a medical provider, there are different approaches you can take to handling medical bills which need repaying. Let’s take a look at some
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