A healthy revenue cycle auditing system is imperative for the correct functioning of a healthcare organization, whether that is an office-based practice or a hospital. According to a 2022 analysis of CMS data on claims and appeals, 18% of in-network claims were...
Unlike traditional hospitals, office-based practices work at lower operational costs and due to their size, they are more manageable. Professionals achieve great success with a reduced staff as opposed to large healthcare facilities. However, there’s always room...
For healthcare providers, records are not only a way to stay up to date with their patients’ progress, but a tool to get paid. The diagnoses and procedures on the records are assigned certain codes which transform into bills for the services rendered. Sounds simple...
According to the latest Physician Practice Benchmark Survey carried out by the AMA, as of 2022, 46.7% of physicians work in office-based practices. Making the decision whether to join or open an office-based practice or to work for a hospital can, indeed, be daunting....
You may have heard the term “entrepreneurship” more than once by now. As a refresher, it is when a person undertakes a new business venture. In the case of medical providers, this means starting a private practice instead of working in, say, hospitals. Many decide to...
Navigating payer contracts can be challenging for any healthcare provider. While many have in-house departments to handle them, many other structures opt for hiring healthcare consulting firms that can offer experience-backed reliability. Whether you are part of the...
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