denial management
March 29, 2017

Denial Management Best Practices for Hospitals

Posted by MedbillingExperts / 0 Comment

Did you know a medical practice typically loses revenues to the range of 7-10% due to claim denials that could be easily avoided? Yes, you always have an option to collect money directly from the patients and avoid the spiral of claim denials. But the success rate with this approach is very slim. Hence ensuring denials remain at a minimal, say at the range of 4%, is the best way to tackle this problems.  This way, you not only avoid losing money to denied claims, but also save money needed to r

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medical billing and coding
March 24, 2017

5 Easy Ways to Avoid Medical Billing and Coding Errors

Posted by MedbillingExperts / 0 Comment

Did you know that hospitals and other healthcare practices in the U.S. tend to lose approximately $125 billion every year due to poor billing and coding practices? Also were you aware that more than 60% of the medical bills submitted to the insurance companies contain errors? Well, these are stark reminders for healthcare practices that it is time for them to focus on billing and coding. Here are a few basic rules that healthcare practices should follow to eliminate errors in their billing an

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outsourcing medical billing
March 17, 2017

3 Questions to Ask Before Outsourcing Medical Billing Services

Posted by MedbillingExperts / 0 Comment

Today’s healthcare practices have more than their fair share of hassles. Ever-increasing non-medical obligations such as compliance and reporting are continuously weighing them down and this is forcing them to move certain non-core functions such as billing, coding and collections outside their practice. Though this move has proved to be a jackpot for many, others seem to have hit the rock bottom and lost substantial ground by failing to ask the right question. So what are those questions that

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