Overview AR management is an important part of the medical billing process and it’s a key of financial stability and success of a medical practice. Accounts receivable basically refers to the sum owed to the medical practice for services provided by physicians but not yet paid for. Then AR teams make strategies to receive maximum reimbursement…
Author: Shahid Bashir
Why Small Practices Need To Outsource Their Medical Billing
Medical billing is a complex case, as there is a lot that goes on in the back-end to make it a success. Some of the time dull assignments are required and then executed by specialists in the field. So, if you run or own a small practice and are considering the idea of taking your…
Credentialing Process & Five Steps to Easy Physician Credentialing
Credentialing is the process of establishing the qualifications of licensed medical professionals and assessing their background and legitimacy. Disclaimer Physicians and other healthcare practitioners who wish to bill an insurance company and receive reimbursement for services as an in-network provider must undergo a process of credentialing. This process, otherwise known as primary source verification, is the process in which an insurance…
Basics of Credentialing and its Necessity
Before a specialist can start with any medicinal association, their certifications must be checked through an intensive procedure. While regularly alluded to as Medical Credentialing, Physician Credentialing, or Provider Credentialing, Credentialing identifies with the technique for checking a specialist’s experience and work history. The data incorporated into these checks includes preparing, licenses, confirmations and earlier…
Necessary Beneficial Steps on Denial Management
When we talk about active healthcare claims processing, it is important to create a proper system that maximizes efficiency to handle denied claims. Usually Healthcare entities get too worried when it comes to working claims, particularly when the claims are denied. For handling these claims It is essential to identify the prospective income lost and…
Best Practices for a Successful Revenue Cycle Management
There is no denying the fact that revenue cycle management plays an important role in the success of any medical practice. With most practices finding it hard to generate better revenues, thank-s to delayed and rejected claims, this has become all the more important. According to experts, most medical practices lose out on about 30%…
What is a Referral and Why Do I Need One?
If your plan requires referrals to see a specialist, the following information is helpful in understanding the need of the referral and your healthcare management. The referral process serves as a way for your Primary Care Physician (PCP) and your specialist to communicate with each other. When a referral is issued to see a specialist,…
Benefits of Outsource your Medical Billing
Medical billing can be a demanding and challenging task for small medical practices. For this reason, many physicians or practice managers make the choice to outsource their medical office billing to a professional medical billing company. There are many advantages to outsourcing medical billing. It saves time and money and eliminates the burden of concentrating…
GO GREEN: GO PAPERLESS
Healthcare is costly in this nation. The overwhelming dependence on paper items costs the Healthcare industry billions every year. Some estimates put that waste as high as $300 billion a year. So, what can be done to eliminate paper from healthcare? Going paperless is a challenge for providers/practices of all sizes and types, requiring them…
FRONT DESK STAFF AND YOUR PRACTICE EFFICIENCY
Your practice needs to run like a well-oiled machine. That means not only your providers, but your front desk staff, need to be efficient and productive. Your front desk staff act like gatekeeper that can welcome all customers and get them on board 100% successfully or simply ignore all of them or few of them…