Author: admin

What Is Healthcare Revenue Management?

Feb 26, 2021

Healthcare revenue cycle management is a financial process used by hospitals and other healthcare providers to manage claims processing and improve revenue. Insurance claims are rejected for all sorts of reasons, and the claims process is often not straightforward. Medical revenue cycle management simplifies the process, reduces mistakes, prevents errors and streamlines the overall claims […]

Filed Under: Medical Billing

Tips on how to appeal on denied claims

Dec 18, 2019

Getting reimbursed for services rendered should be the least of worries for a healthcare provider. Unfortunately, claims are denied often and for various reasons. Luckily, providers can get insurance payers to reverse their decisions. Under the affordable care act, providers have the right to appeal denied and get 6 months to appeal any denials. Insurance […]

Filed Under: Laboratory

The three enrollment E’s | EDI, ERA & EFT

Dec 18, 2019

A large number of cases related to a delay in reimbursement, and claim denials owe to incorrect enrollment. When we on-board your practice, we make sure your three E’s are set up just right. EDI (ELECTRONIC DATA INTERCHANGE) EDI (Electronic Data Interchange) makes the journey of your medical claim to the payer’s system seamless. There […]

Filed Under: Laboratory

3 ways to prevent denied claims

Dec 18, 2019

For healthcare facilities, denied claims are a constant threat to the businesses’ bottom line. This is especially true for practices that rely on a constant inflow of revenue from claim reimbursements. An increase in the number of denials burden the revenue cycle, the negative effects further compounded by additional workload and inability to generate more […]

Filed Under: Laboratory

Some basics of laboratory billing for you to know

Dec 14, 2019
Lab Medical Billing

The field of laboratory medical billing is unlike physicians, hospitals, or DME billing specialties. It is centered on a very specific set of CPT codes. The codes used by a lab includes services that are used to evaluate specimens obtained from a patient sample. It won’t be wrong to say that labs run labs. And, […]

Filed Under: Laboratory