Gain Insight into Industry Related and Company News to Help Grow Your Business
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
In recent years, healthcare practices across the country have accelerated their digital transformation efforts to modernize their operations, bake more efficiency into their workflows and processes, and deliver stronger patient experiences. While this digital evolution is a good and necessary thing, it also exposes practices to some significant challenges. Chief
Healthcare professionals devote what feels like a lifetime to mastering their craft and helping people live more meaningful lives. But in all those years of learning, you probably didn’t take a masterclass in processing claims or getting patients to pay their bills. Unfortunately, when physicians and their practices lack the
Today hard-working providers, nurses, and staff are moving a million miles a minute to juggle a seemingly endless number of tasks to ensure optimal patient experiences. CollaborateMD can help get more done with time-saving healthcare technology. With the constant shifting and extreme demands for elevated patient engagement, it comes as
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
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
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
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
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
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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