How does the top DME companies make the right decisions on product selection and inventory levels in a landscape that is changing every day
DME needs to be treated in the same way as other pharmaceutical products.
Is your practice experiencing a significant increase in the number of days of A/R?
In an article published last week by Cristy Good at MGMA, Ms Good had written, “half of the practices are experiencing a significant increase in the number of days of A/R in 2021.” The most recent MGMA stats poll indicated that 50% of medical practice leaders said their days in…
MEDICARE SECONDARY PAYER (MSP)
As a “secondary payer,” Medicare is the next in line to pay your medical bills. If you are covered by another insurance plan in addition to Medicare, that insurer is likely to be the primary payer of your medical bills. The primary payer will cover the claim up to his/her…
IMPROVING REVENUE THROUGH THE DENIAL MANAGEMENT PROCESS
DENIED CLAIM The refusal of an insurance company or carrier to honor a request by an individual or his or her provider to pay for health care services obtained from a healthcare professional is referred to as claim denial. Many practices do not bother to file an appeal when their…
Claim Rejected By the Insurance?
Here’s the Top 5 COMMON CLAIM REJECTIONS And How To Fix It Fixing claim rejections is easy once you know what’s going on. Multiple rejection messages may appear for one entry because each payer/clearinghouse worded their rejection message differently. MISSING OR INVALID PAYER ID According to this rejection, the payer…
WWS SPECIALIZED MEDICAL BILLING PAYMENT POSTING
EOB READING AND ANALYSIS In medical billing, decoding the payment posting process includes decoding the Patients’ names, account numbers, control numbers, service dates, procedure codes, billed/allowed/adjusted amounts, denials information, deductibles, co-insurances, co-payments if any, and so on. The second you receive the EOB from the insurer, you should read it…
How to Optimize the Charge Entry Process to Get the Most Out of It
What is Charge Entry in Medical Billing? The Charge Entry process is a critical step in the Medical Billing Cycle; it is critical that this scope of services is handled by experts who are up to date on the payor fee schedule for the service rendered. For increased reimbursement, the…
How to Keep EHR Implementation Costs Low
Even as the healthcare industry becomes more driven by – and welcoming of – technological change, there are still many doctors who prefer to stick with paper-based processes for as long as possible. What is the most difficult thing to give up? Those dependable manila-folder medical records. Though the HITECH…
The Link Between Patient Engagement & Reimbursement
Increasing patient engagement is a top priority for most modern medical practices, especially in the increasingly value-based landscape of medical billing. Even for organizations that have yet to embrace the shift to quality over quantity, patient engagement is far more valuable financially than most practices realize. Why Is Patient Engagement…
8 Medical Billing and Coding Suggestions for Your Medical Practice
Of course, putting those medical billing and coding process steps in place can be difficult. It’s even more difficult if you don’t know what an acceptable collection ratio is or how frequently you should bill patients in the first place. Make use of these medical coding tips and best billing…