medical billing

What Is A Medical Billing Fee Schedule?

Fee schedules play an important role in the realm of medical billing practices. Inefficient or ineffective fee schedule practices can lead to claim rejections, claim denials, and other delays that might interrupt an otherwise consistent revenue stream. The Centers for Medicare and Medicaid Services (CMS) sponsors a comprehensive list of charges for health care services on a fee-for-service basis. These fee schedules play a critical role in making sure that practitioners providing care are reimbursed for the treatments they [...]

By |August 22nd, 2021|Categories: Tips|Tags: , |0 Comments

What Is A Medical Billing Clearing House?

There are many important facets to the medical billing process. One of the most important steps includes the use of a medical billing clearing house. Though not everyone is fully clear about what a medical billing clearing house is, why it’s important and how to choose the best medical billing clearing house to meet your practice’s needs? What Does A Medical Billing Clearing House Do? A Medical billing clearing house essentially acts as a middle man helping to connect [...]

By |February 9th, 2021|Categories: Tips|Tags: , |0 Comments

What Is Payment Posting In RCM For Medical Billing?

Patient responsibility costs and other out of pocket costs continue to rise throughout the United States. This can sometimes lead to delays in payment or failure to pay for services rendered. A patient who pays their co-pay, co-insurance costs, prescriptions, and other out of pocket costs in a timely manner, make it easier to close a claim cycle at payment posting. Also known as “Cash Posting” Payment posting is typically done in one of two ways. The one that [...]

By |December 7th, 2020|Categories: Tips|Tags: , , |0 Comments

Which Is Better Outsourcing Or In-House Medical Billing?

Medical billing plays a critical role in the success of any medical practice. Medical coding errors, problems with data collection, discrepancies, inefficient analytics, and inconsistent audits in the medical billing process can have significant repercussions in the revenue stream. Claim denials, claim rejections, and delays can also cause an inconsistent revenue stream, which can hamper the growth of your practice. Many solo practitioners and small practices choose to either hire an in-house administrative staff or outsource their medical billing [...]

By |October 16th, 2020|Categories: Tips|Tags: , , , |0 Comments

Benefits Of Outsourcing Medical Billing Services

Small practices and solo practitioners of all specialties are faced with the challenge of having to wear a lot of different hats throughout the course of any given week. This includes critical things like providing patient care, developing treatment plans, scheduling, and maintaining other important administrative chores. Among the most important of all administrative tasks is effective and efficient medical billing practices. Unfortunately, for a lot of small practices things like medical coding, claim creation, and payment remittance are [...]

By |October 16th, 2020|Categories: Tips|Tags: , |0 Comments