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Medical billing and medical coding are often lumped together when discussing healthcare administration. While the processes do intersect, it is important to understand the differences when comparing medical billing vs. medical coding, because each has its own function in a healthcare organization. In simple terms, medical billing is about getting
Understanding the basics of cardiology medical billing can help cardiologists and office administrators ensure payments for cardiology services are accurate and timely. Effective cardiology billing requires a thorough understanding of the services provided, the various payers involved, and the regulations governing billing and medical coding practices. By staying up to
Incorrect medical billing and coding can lead to a number of serious issues for medical billing companies, from lost revenue to penalties from government agencies. Repeated errors can also cost your medical billing company clients. And yet it’s estimated that 80% of US medical bills contain errors. If you’re part
If you’re a medical professional who runs their own practice, you know how essential it is to get paid promptly for the services you provide. But typical billing cycles last a month or more, as charges are routed through insurance agencies and can take weeks to arrive with the patient
The medical billing process is how a healthcare provider receives payment for the services they provide. Aside from actually rendering care, it is the most important part of keeping your practice alive and well. This guide will provide you with a detailed look at the many steps involved in the
This is a transformative time for healthcare, with virtual care and other technology quickly on the rise. Medical billing statistics and data point to several new trends in the healthcare space, including the rapid adoption of healthcare billing technology and a shift to virtual payment options. We’ve collected some surprising
Here’s a simple truth: the faster you can get your customers paid, the more popular your medical billing company will be. Now here’s another one: no matter how effective your team is, you will only ever be as efficient as your software allows to grow your medical billing company.
Medical billing is a complicated process that requires awareness and attention to detail from a well-trained staff. But it’s also a matter of having the right technology—if you’re dealing with paper-based processes and searching through physical files, you’re not operating at peak efficiency and could be missing valuable claim follow-up
In today’s fast-paced healthcare environment, efficient revenue cycle management is essential to maintaining the financial health of any practice. Billing, claims management, and patient scheduling are often complex and time-consuming, which can lead to inefficiencies that affect your bottom line. This is where strategic improvements make a difference. By streamlining
Medical billing is a complicated process that requires awareness and attention to detail from a well-trained staff. But it’s also a matter of having the right technology—if you’re dealing with paper-based processes and searching through physical files, you’re not operating at peak efficiency. You need an efficient process to realize
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