As much as practices deny it, they run as businesses. Agreed that the goal is different from other private enterprises, but all businesses are striving towards a common goal- The goal to survive and become financially sound. It means one thing. Healthcare billing services are inarguably the backbone of any practice. That is why more… Continue reading The Crucial Relevance of Healthcare Billing Services Today
Category: Blog
How can RCM services help practices be financially stable?
The healthcare industry today is different from what it was a decade ago. The space has become much more competitive and advanced. Today, providers are looking at challenges that are not static, and if you want to survive, you have to move, adapt and excel. Providers have to create a cushion to endure the financial… Continue reading How can RCM services help practices be financially stable?
Why is Patient Eligibility Verification Important?
You must have heard of the 17th-century proverb, “Prevention is the best cure.” This prover found its roots in the medical profession, and today it is finding a stronger calling in the same profession, but for a different reason. Recent studies show that “claim denials” are rising, putting your cash flow at risk. Denials are… Continue reading Why is Patient Eligibility Verification Important?
The Crucial Difference between Medical Billing & Revenue Cycle Management
COVID-19 wreaked havoc on the entire world. There was a lot of financial uncertainty in the earlier stages, which is probably still being addressed. Healthcare institutions were no different. Both small and large practices suffered considerable losses in revenue. Patients were staying at home in large numbers. People were terrified to go outside among the… Continue reading The Crucial Difference between Medical Billing & Revenue Cycle Management
Medical credentialing: How does it work, and what does it cost?
Medical insurance credentialing service is pretty complex, and it is a bit natural to have many questions about it. However, considering the significance of the process, it is crucial for everyone concerned to know more about it. The credentialing process ensures that the medical industry maintains high-quality standards. Verifying a healthcare provider’s competency regarding educational… Continue reading Medical credentialing: How does it work, and what does it cost?
Important steps in medical credentialing
A practice thrives when it can strengthen the trust of patients. When the providers are credentialed, it gives assurance to the patients regarding the services provided at the practice. That is one of the factors that make credentialing so vital. Undertaking the process of credentialing allows a practice to verify the credentials and expertise of… Continue reading Important steps in medical credentialing
Medical Billing Software vs. Practice Management Software- How are they different?
Every healthcare practice needs the plan to reach its goals. Some practices strive for efficiency to be better, while others want to streamline the claim processing to avoid losses. Many practices want to communicate with their patients thoroughly by notifying them about their bills, appointments, etc. Today, we have practices that prefer outsourcing backend functions… Continue reading Medical Billing Software vs. Practice Management Software- How are they different?
Understanding Medical Credentialing Process
Medical credentialing is a process of reviewing a health provider’s qualifications, including career history, education, training, residency and licenses, and any specialty certificates. Credentialing is done right before or when a provider is hired and the information must stay up to date. How does medical credentialing work? Medical credentialing is a market-driven process that seeks… Continue reading Understanding Medical Credentialing Process
How to improve collection at your practice?
Collections are intimidating but vital for a practice to survive. Every practice manager knows that accounts receivable is one of the crucial priorities for practice survival. Yet, many practices are constantly struggling with unreliable cash flows. The struggle of dealing with self-pay patients and insurance companies has become exasperating. As a result, practices continuously fight… Continue reading How to improve collection at your practice?
Popular questions on medical provider credentialing
Credentialing is vital to ensure that medical providers are legal and competent in today’s evolving healthcare space. After all, every patient deserves the best care. If you are a provider or an administrator, you must understand what medical provider credentialing is. It is vital to comprehend how the process works and how much impact it… Continue reading Popular questions on medical provider credentialing
