What Is a Healthy Managed Care Payer Mix?

What Is a Healthy Managed Care Payer Mix?

A healthy payer mix is a vital metric for your medical practice because it affects the revenue stream and your bottom line. Every healthcare institution should track the payer mix and manage it carefully to adjust to the changing demands of the market. Read on to...
Can Automated Procedures Help Maximize Reimbursement?

Can Automated Procedures Help Maximize Reimbursement?

A strategic revenue cycle management is vital for maximizing your reimbursement and ensuring the good financial well-being of your practice. However, it is a complex process with many opportunities for potential issues. That’s why healthcare administrators and other...
In-Network vs. Out-of-Network: What’s the Difference?

In-Network vs. Out-of-Network: What’s the Difference?

Patients who come to your practice have one of many available health insurance plans. If you have signed a contract with a specific payor, your practice is in-network for people with an insurance plan from that payor. However, different insurance plans also determine...
How Common Are Medical Billing Errors in Medical Claims?

How Common Are Medical Billing Errors in Medical Claims?

How Common Are Medical Billing Errors in Medical Claims? People tend to get anxious every time they have to open a medical bill. Considering the state of the US healthcare system, the medical bills often run in 5, 6, or even 7 figures. And there is a big question if...