Discover the Benefits of Working with a Medical Billing Specialist to Streamline Your Claims Recovery Process For any healthcare provider, a successful claims recovery process is essential to the success of their business. A medical billing specialist is a professional who specializes in managing this process. They are experts in the field and can help…
The accuracy of a medical claim is something that is crucial, but it’s estimated that more that 80% of medical billing claims contain an error. That’s quite the chunk of claims, which makes it extremely common. In this estimated that 3 out of 4 claims contain errors. This could be human error, but there’s also…
A claim is often considered the most valuable source of data and information for a healthcare company or organization. All of the claims that are submitted to payors contain procedure information and diagnosis information to make the patients’ visit billable. But, what is a medical claim? In layman’s terms, this is a bill that a…
We talk about the Revenue Cycle, but what is it? It could, simply, be defined as the administrative and clinical functions that factor into the capture, management, and collection of patient service revenue. There you have it! Speaking normal English, it’s a fancy way of saying that this is a full view of the life…
This feels like such a BIG ask. It also makes us think of the entirety of the medical billing process. Every single piece of the puzzle, when laid out can seem like A LOT. If we break it down to adjusting a few intricacies that could make the process more seamless it would be: Transparency…
Three-quarters of hospitals say they are facing a hostile revenue cycle influence. Even though post-pandemic revenue and other financial metrics have begun to climb up, the cost of inflation and the skyrocketing expenses of managing medical care for patients is offsetting the majority of income. So, how do you get your practice to optimize your…
Why is my claim being denied? Well, actually there are a few reasons, but we’ll help with a brief list below: Incorrect or missing patient information. This is as simple as spelling the name Daniela and missing the letter “e”. Danila’s claim won’t be paid. This also has to do with the patient’s demographical and…
“America is a tune. It must be sung together.” A wise thought from Gerald Stanley Lee on Patriot Day. Let us all stand in chorus to sing the tune of freedom that is marked by the memory of those who sacrificed so much for us to be here today. #PatriotDay2022 #freedom
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