Here's the recent articles submitted by mithalii parekh
Articles By mithalii parekh
What Are Write-offs In Medical Billing
Submitted as: Info Hub Team
Are you wondering what write-offs in medical billing mean? Write-offs refer to the sum the provider must deduct from his accounts. Contractual write-offs and adjustments are two types of write-offs. The excess of the invoiced amount over the carrier's permissible amount is wiped off as a contractual write-off. Each carrier's pricing schedule will be placed into the billing system.(read
entire article)
View : 644 Times
Category : Health
Physicians – Do You Lack Understanding Revenue Leakages?
Submitted as: Info Hub Team
The term “revenue leakage” refers to a missed chance to collect income from your practise. Denied claims, piling accounts receivable claims, unbilled procedures, credentialing-related denials, underpayments, unbilled claims and unpaid patient balances can all cause revenue leakage. Medical billing and revenue leakages can result in considerable losses for any healthcare practise due to extended payment cycles. There are a few significant flaws in the entire medical billing process that should be closely observed in order to ensure a consistent revenue flow and financial stability for your clinic.(read
entire article)
View : 110 Times
Category : Health
Why Small Practices Should Outsource Their Medical Billing Services?
Submitted as: Info Hub Team
A consistent cash flow is essential for any practice to run effectively. The revenue cycle is dependent on efficient coding and billing specialists that correctly classify each service provided to a patient, generate bills, and file claims to insurance companies. Hiring skilled employees for coding and billing procedures may be a good idea for large organizations such as hospitals, but it may not be a good idea for doctors and small practices because it increases the financial load and losses. Outsourced medical billing is always a preferable option for such practices as it lowers costs and increases cash flow because they are experts at handling all billing concerns and claim settlements.(read
entire article)
View : 81 Times
Category : Health
Do's & Don'ts Of Medical Billing
Submitted as: Info Hub Team
Medical billing entails a long process of activities, each stage significant to ensure full reimbursement. Majority of the physicians and practices suffer lower revenue collections owing to certain incorrect medical billing practices. Incorrect coding, piled A/R, lack of follow-up can all affect your practice's financial health. We understand how important it is to strike a balance between offering patient care and steering clear of billing and coding errors that sometimes plague practices.(read
entire article)
View : 160 Times
Category : Health
A Guide On Dme Billing
Submitted as: Info Hub Team
The billing process for durable medical equipment (DME) is intricate, time-consuming, and exhausting. It's also continually changing as requirements and compliance standards alter. DME providers face a slew of billing challenges if they don't comprehend the intricacies, which could lead to reduced reimbursement rates and, as a result, lesser revenue.(read
entire article)
View : 115 Times
Category : Health
5 Reasons You Need An Offshore Medical Billing Company
Submitted as: Info Hub Team
Medical billing entails back-end responsibilities such as addressing medical billing errors and increasing cash flow that cost time, effort, and resources, diverting attention away from patient care and concern. Discrepancies in billing can result in lost revenue, more effort for your hospital personnel, and a poor patient experience, all of which can harm your medical practice's reputation in the long run. It's not surprising, however, that many medical practises in the United States have chosen to outsource all of their medical billing and coding to offshore medical billing companies who specialise in this service.(read
entire article)
View : 103 Times
Category : Health
How To Measure Your Billing Process And Its Effectiveness
Submitted as: Info Hub Team
The success of your medical practice depends on carefully monitoring your practice's financial performance while offering excellent patient care. The process of medical billing and coding is an intricate and a tedious one, requiring expertise to conduct the same. You can make sure the practice is getting paid by routinely checking your medical billing data. Medical billing metrics can help you evaluate and put into effect best practices that are appropriate for your clinic.(read
entire article)
View : 105 Times
Category : Health
Impact Of Ar Audits On Your Practice
Submitted as: Info Hub Team
Are there loopholes in your AR process? Is your practice facing revenue losses? It goes without saying that unpaid accounts receivable stifle cash flow and rob you of the funds you need to invest in expansion prospects, purchase new machinery, and recruit staff, and that's just the tip of the iceberg.(read
entire article)
View : 97 Times
Category : Health
6 Reasons To Consider Medical Billing Companies In India For Your Revenue Cycle Management
Submitted as: Info Hub Team
The best strategy to expand the company's reach is always to outsource medical billing services. In addition to a demanding schedule, managing the problems of medical bills would be riskier. India is the #1 country that most US healthcare organizations consider when they are looking to outsource medical billing and coding services. One of the main factors contributing to India's rise as a significant hub for outsourcing healthcare services is its commitment to staying current with emerging technologies.(read
entire article)
View : 124 Times
Category : Service
How To Implement A Positive Hme Billing Strategy?
Submitted as: Info Hub Team
Successful HME companies have to overcome obstacles like cutbacks in reimbursements, growing employment costs, and competitive bidding, all of which put additional strain on their billing departments. This often results in backlog increase.(read
entire article)
View : 114 Times
Category : Health
