Applying stronger checks on transaction management and constricting loopholes within healthcare practice can improve revenue for medical practitioners. In the modern day and age, the healthcare sector of the United States is facing a number of dilemmas, owing to a number of loopholes in the healthcare processing and transaction system. Cash flow is become increasingly […]
When it comes to medical billing, healthcare providers always have an option either to operate an in-house department to take care of the billing procedures or simply outsource it to a third party. Where many physicians approve of the in-house billing department, a number of physicians oppose the view. According to the later, outsourcing medical […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
It was only until I had a discussion about the concept of specialized billing tasks that I realized, being a part of health IT industry, talking about healthcare providers and consultants in every single situation becomes inevitable for me. Yes, it is the medical billing service that I am referring to. Workflow management in any […]
I thought it would be a good idea to prepare a comparative analysis on the issue discussed, but left unattended in my last blog written on Medical Billing. Yes, it’s the conflict between an outsourced and an in-house medical billing service. Providing quality care, reducing costs and increasing revenues for the practice are the primary […]
Medical Billing, also known as Revenue cycle management, is considered to be one of the most essential parts of any practice. It helps physicians get paid for the services they have rendered. Depending on various factors, like the practice size, the routine and schedule of the provider etc, physicians can either opt for an in-house […]
The US has been one of the first countries to adapt ICD 9 codes for medical billing and claims. With the industry focused on healthcare reform, changes in supporting functions are inevitable. The ICD 10 is far more comprehensive, featuring 68,000 documentation codes for diagnosis in comparison to the 14,000 of ICD 9. These codes […]
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.