Gain Insight into Industry Related and Company News to Help Grow Your Business
In recent years, healthcare costs have seen a significant shift, with patients having to bear a larger portion of expenses through higher deductibles and co-insurances. The continuous increase in medical costs has become an ongoing challenge for patients and medical practices to improve patient collections. Securing patient commitment to pay
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
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.
A multitude of factors drive or influence your medical practice revenue, including claims management, patient payments, and your in-house billing workflow. Each of these largely impacts whether a provider sees on-time payments and can stabilize their medical practice revenue bottom-line year-to-year. Without the right tools, providers might find it difficult
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
Whether you’re part of a larger hospital or run your own private practice, improving revenue cycle management means improving your bottom line. Reducing rejected claims, shortening payment lag, and otherwise smoothing your payment processes will increase your office’s efficiency and help bring more money into your practice. With that in
When you go to a doctor’s office, you typically don’t have to pay for the service out of pocket right then and there. In some instances, you might have to pay a copay, but the provider will need to collect the bulk of the payment from the insurance company. In
Privacy Policy | Legal
© CollaborateMD Inc. All Rights Reserved.
