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Showing posts with the label Medical billing outsourcing

Medical Billing Outsourcing - Common Problems and Benefits in 2023

  Before making a decision, you should be certain that outsourcing medical billing is the best choice for your healthcare facility. Although medical billing outsourcing is undoubtedly not a good option for every practice, it does provide a more organized and long-term approach to revenue cycle management. For medical practices wishing to expand, the key benefit of outsourcing medical billing is its long-term viability. Reasons for Outsourcing Your Medical Billing: 1.        Lower cost: An economy of scale is advantageous to billing companies. Production businesses' costs per unit decrease when they generate more products. A billing company has many times more billing claims to submit than a private practice. They can now handle each bill for a minuscule fraction of what a private practice would charge because of this. The billing company may transmit these savings to your private practice. 2.        Variable Fixed ...

Address Challenges in Physician Billing to Improve Practice Revenue

  Most of the medical practices are having a tough time sustaining and enhancing their business performance and revenue as the healthcare industry keeps on improving and changing updates regularly. Attempting to juggle between reduced resources with increased patients and providers’ demand makes it hard to keep improved practice revenue and financial growth. Let’s discuss physician billing challenges and how to address them to improve practice revenue. More Claim Denials Physicians are experiencing great revenue loss because of more number of claim denials. It takes a great deal of their energy and endeavors to audit subtle information and changing guidelines for documentation before claim submission. Without  medical billing service  providers, it is extremely hard to drive payments without confronting the issues of payment denials, repayments, and inefficient payment plan. Securing Patient’s Data HIPAA has implied high standards for secured patient’s informatio...

Why Medical Billing Outsourcing Right for Your Practice?

To avoid medical claims rejections, most of the physicians/medical groups outsource their medical billing.   Moreover, medical coding errors impact physician monthly collections. Forthose reasons, most of the physicians and medical groups outsource their medical billing. Let us discuss why you should outsource medical billing . What is Medical Billing Outsourcing? Medical billing Outsourcing is the way of completing the billing work out by contracting to third party medical billing companies . Based on the contract, the medical billing company is responsible for medical coding and billing related works, such as medical coding audit reports, research support, and clinical improvement services for their clients. They are also responsible for keeping their medical coding and billing professionals up-to-date on the current trending coding skills. Improves the Accuracy Most of the claim rejections occur due to over-coding and under-coding. By outsourcing the medical bil...

Cardiology Medical Billing — Benefits of Outsourcing

Cardiology is a specialized field in the healthcare industry that involves a myriad variety of treatment services. In general, billing and coding cardiology requires expert knowledge as even a minor mistake can trigger huge claim denials. The introduction of new coding terminologies has made cardiology billing all the more complicated, resulting in the loss of a significant percentage of the revenue. Although there has been an increase in the average Medicare fees by 1.1%, cardiology has suffered a 2% reduction in the Medicare fees every year. Therefore, the earnings of cardiology practices have been affected furthermore. In this article, lets learn more about  cardiology billing  and how outsourcing can help incur such revenue losses: Expert Skillset: Cardiology is an intricate field and coding interventional procedures like electrophysiology, Computerized Tomographic Angiography (CCTA) and cardiac catheterization lab need utmost accuracy in coding. Therefore, cardi...

Why you Need to Outsource Medical Billing Service to India

The prime destination choice of most US medical billing companies to   outsource medical billing   and collections in India. The country has been the most sought-after destination by many for more than a decade. One of the main reasons for India being at the pinnacle of US medical billing is that it has immense knowledge on the field and provides unmatched medical billing and collection services to the clients. Even a recent survey has claimed India fetched   82%   votes for offshore outsourcing by US medical billing companies. In addition to providing back-end processes like customer support and data entry services, Indian medical billing companies have earned a great name by offering high-quality medical billing and coding, AR cleanup, and more with their state-of-the-art technology. There are other reasons that prove medical billing in India to be highly efficient. Let’s discuss them in detail: No Language Barrier:   One of the biggest issues that US ...

ARE YOU PHYSICIAN, ARE YOU STRESSED WITH YOUR REDUCING REVENUE CYCLE

ARE YOU PHYSICIAN, ARE YOU STRESSED WITH YOUR REDUCING REVENUE CYCLE E-care provides incomparable healthcare revenue cycle solutions to all their clients and has a verified track record of high performance of many years. Visit website to know more!  Revenue Cycle Management

MEDICAL OUTSOURCING SERVICES

e-care India offers  medical billing outsourcing services  for healthcare providers. Our professionals specialize in providing - insurance verification, medical billing, Revenue cycle management and medical coding services. Discover how e-care India is helping to deliver better & more efficient health outcomes through their AR support and Medical billing experts.