New challenges are brewing in today’s complex and ever-changing reimbursement environment. There are regulatory changes and increased patient payment responsibility due to high-deductible health plans. These challenges are just a couple of reasons that contribute to why 69% of physicians … Continue reading
Physician practices are constantly trying to get a handle on their collections, as it drives the financial success of their business. Many have been considering whether to outsource their billing or to keep it in house. One of the arguments for outsourcing is that a successful revenue cycle management (RCM) service ultimately reduces the amount of time from patient service to receipt of payment.
Quest Diagnostics recently conducted a national survey asking respondents who are using an outside billing company what their goals are…Continue reading
Quest Diagnostics recently conducted a national survey asking respondents about their biggest pain points when it comes to the physician billing process. Over half said they were concerned with keeping up. This includes staying current with evolving requirements from payers … Continue reading
Having healthy financials is crucial to ensure your practice has the right resources to keep things running smoothly. Part of that includes knowing your practice denial rate, or the percentage of claims denied by payers. To calculate your denial rate, … Continue reading