With the ever-increasing and incessantly evolving facets of the medical industry, it is quite natural that new regulations may get introduced in the domain. In fact, medical organizations, as well as businesses, are seeking for the most efficient ways to manage their revenue. Amidst these needs, outsourcing medical services have created a buzz in the…
DetailsAccounts receivable is one of the major factors in the revenue cycle management of all kinds of organizations. However, the medical billing industry is one of them. Most of the insurance companies pay large amounts of bills without which any hospital’s or medical organization’s expense cannot be recovered. This results in the improper medical care…
DetailsIn the current digital age, data is everything for any business. It is one of the most important assets of any company. It is the basic yet foundation part of any company that helps the people to make a decision on their business. So, the data should be accurate, complete, organized and consistent, it is…
DetailsToday, the competition is growing high even in the medical field. However, the competition relies on the accuracy and efficiency in the medical coding. Also, submission of the medical claims is highly significant. Medical coding is a complex and time-consuming process that is expensive when it is completed in-house. With lots of challenges in this…
DetailsCharge entry is a handy concept in medical billing. Typically, in medical billing, patient accounts are created with their appropriate value following the coding and fee schedule. The charges that are entered into the system will determine the physician’s service reimbursement. As such, utmost care must always be considered to avoid errors in charge entry,…
DetailsIn these uncertain times, given all the changing rules regarding the filing, collection, and processing of claims by insurance carriers, doctors do encounter financial burdens. The most frequently asked questions. Am I collecting the highest possible amount? How can I know that I collect as much as possible? How can I increase my income? Perhaps…
DetailsOutsourcing as a concept within a medical organization is the transfer of part of the functions of servicing the activities of a medical institution to another company specializing in the relevant field based on an agreement. Outsourcing allows managers and staff to focus on the essential functions that they perform, primarily as medical specialists. Those…
DetailsMany business owners today need additional interactive “assistants” to automate work processes. Mobile application development – the creation of algorithms that are used to write software for wireless devices such as phones or tablets. How to choose a development company, what to look for in the first place? Mobile app development has been and remains…
DetailsCurrently, most organizations strive to sell their goods or services with immediate payment and, as practice shows, sometimes they have to work through loans, that is, deferred payment. This leads to the inevitable occurrence of receivables, which today exists in the settlement system. Therefore, it is on the part of the organization that the initial…
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