Remote Medical Billers: A Smart Solution for Growing Practices
Efficiency and cost-effectiveness are now more crucial than ever for healthcare practices of all sizes, especially when it comes to medical billing. In a 2022 report by MGMA, practice leaders most frequently highlighted improved operations as a major benefit of delegating their billing functions to specialized billing service providers. For growing practices, managing billing in-house […]
Cut Costs and Boost Quality with Remote Medical Transcription
Reducing costs while enhancing quality remains a top priority for healthcare providers, and one increasingly popular solution is remote medical transcription services. Remote medical transcription offers a dual advantage. It helps healthcare facilities save on costs while improving the accuracy and efficiency of patient documentation. With an average of 9,600 job openings for medical transcriptionists […]
Compliance and Ethical Considerations in Healthcare Collections
Healthcare providers face severe penalties for non-compliance with regulations, with HIPAA violations alone carrying fines of up to $50,000 per incident. Navigating healthcare collections is a delicate and complex task. It requires a careful balance between recovering outstanding payments and preserving the trust and well-being of patients. In an industry where compassion and care are […]
How Certified Coders Can Lead AI and Automation in Healthcare
AI adoption in healthcare continues to rise, with 79% of healthcare organizations now utilizing AI technology, according to a study commissioned by Microsoft through IDC. The healthcare sector is undergoing a transformative era fueled by rapid advancements in technology, particularly AI and automation. These innovations are revolutionizing everything from patient care to administrative processes. Amid […]
The Flexibility of MedCore in Medical Billing Support
As healthcare providers strive to deliver the best care possible, the administrative side of their practices must keep pace. Medical billing is a crucial component of this administrative backbone, ensuring that healthcare providers are compensated for their services in a timely and accurate manner. However, the complexity of medical billing, combined with the ever-changing regulations […]
Daily Workflow of Remote Medical Collections Specialists
The healthcare revenue cycle management market industry is projected to reach $79.68 billion by 2032 and healthcare digitalization and IT are some of the key drivers of this market growth. The healthcare industry has undergone a remarkable transformation, especially in how administrative and financial tasks are managed. One of the pivotal roles in this transformation is […]
Why Telehealth Nurses are a Smart Investment for Your Practice
According to findings published in JAMA Network Open, telehealth usage results in average cost savings for patients ranging from $147 to $186 per visit. These significant savings make telehealth an attractive option, encouraging patients to opt for virtual consultations over traditional in-person visits. Among the many components of telehealth, the role of telehealth nurses has emerged […]
Boost Your Success Rate in Medical Debt Collection
Medical debt collection is a vital component of the healthcare industry, ensuring that providers receive the compensation necessary to continue delivering high-quality care. However, collecting medical debt presents significant challenges. In the U.S. alone, Credit Karma members owe a staggering $48.6 billion in medical debt currently in collections. With many individuals struggling to manage these […]
Top Qualities to Look for in a Medical Collections Specialist
The role of a medical collections specialist is pivotal in the healthcare industry, especially now that approximately 25% of nonprofit hospitals in the United States are currently operating with negative margins. Medical Collections Specialists ensure that healthcare providers receive timely payments for their services, which in turn, sustains the financial health of medical facilities. Finding […]
How to Balance Compassion and Collection Efficiency
Balancing compassion and collection efficiency in healthcare is a challenging yet essential task. On one hand, healthcare providers must ensure their financial stability by collecting payments for services rendered. On the other hand, they must approach this process with empathy, as one in ten adults in the U.S. have significant medical debt, according to a […]