Gain Insight into Industry Related and Company News to Help Grow Your Business

Quick Read: Expediting Your Billing Process with CollaborateMD

According to a 2020 report, more than one-third of U.S. healthcare costs are eaten up by administrative tasks. For example, healthcare providers spend nearly $500 billion on billing– and insurance-related costs each year. When medical billing companies are bogged down with inefficient processes, the revenue cycle stretches out and billing

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Avoid These Top 5 Medical Billing Mistakes

Even the most organized healthcare organizations can still fall victim to the most common medical billing mistakes in the industry. Providers who have in-house billing services know the administrative burden that comes with it. Whether your practice is experiencing a high level of denials, struggling to submit clean claims, or

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5 Tips for Rebuilding Patient Volume in 2021

Patient volume took a hit at the beginning of 2020 as the pandemic changed how healthcare organizations had to function. Traditional in-person care processes like full waiting rooms and elevators had to shift and move digital. As providers adopted quality technology, they learned that there might be a different way

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8 Ways to Improve Medical Practice Cash Flow

Improving medical practice cash flow is easier than you may think. Healthcare revenue is impacted by a myriad of factors from insurance verification to denial management. If your billing department is struggling to keep up, it might be time for a change. To increase revenue, you need to first analyze

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How Patient Appointment Reminders are Changing the Healthcare Industry

Patient appointment reminders are changing the healthcare industry. In the past, providers have had to work hard to make sure their patients make it to their upcoming appointments. Before digital tools, this meant spending hours on the phone calling every patient to make sure they remembered their appointment. Even after

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women working on real time claim submission in CollaborateMD

5 Characteristics to Look for in a Medical Billing Company

Are you considering hiring a medical billing company? With so many vendors of RCM services on the market, it can be difficult to distinguish which one will truly help you. The right medical billing company can help you find the right software and services that streamline your billing department. Providers

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5 Ways to Grow your Mental Health Practice

Depending on the size of your organization, you may be wondering what the best way is to grow your mental health practice. The good news is that it is entirely possible for mental health practices, both large and small, to utilize simple growth strategies in 2021. Even organizations that lack

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What is Value-Based Care and What Does it Mean for Providers?

The healthcare industry continues to evolve, and providers are transitioning to value-based care. Some providers are wary of this transition as they do not know how it will impact their bottom line and productivity. What is value-based care and what does it mean for providers? Value-based care (VBC) is a

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Best Practices for Outsourcing Revenue Cycle Management

Revenue Cycle Management is one of the most important components of any medical practice. With a healthy revenue cycle, your practice can grow and better help the patients who come to you for care. Where providers run into trouble most often with their revenue cycle is claims management, the quality

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