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 […]
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 […]
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 […]
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 […]
Boost Efficiency: Must-Have Tools for Remote Medical Billing
Remote work is becoming an increasingly popular option in medical billing, with the healthcare industry being one of the top industries for remote workers in 2024. As healthcare providers and billing professionals adapt to this shift, having the right tools is crucial for maintaining efficiency and accuracy. In this blog, we’ll explore essential tools that […]
Unlock Savings and Boost Efficiency with Remote Healthcare Staff
In the healthcare industry, the need for innovative solutions to tackle rising costs and efficiency demands is more urgent than ever. One such innovation is the integration of remote healthcare staff. A study by the AMA found that 79% of patients were very satisfied with the care they received during their most recent telehealth visit, […]
Understanding the Workflow of Prior Authorization Specialists
According to a survey conducted by the American Medical Association (AMA), an overwhelming 89% of physicians have highlighted the negative impact of prior authorization delays on patient outcomes. This statistic underscores the critical nature of prior authorization in healthcare. Moreover, prior authorization is essential for making sure patients receive appropriate medical treatments while effectively managing […]
Top 5 Telemedicine Apps for Healthcare Providers
As per Fortune Business Insights, significant expansion is anticipated in the telehealth sector, with forecasts suggesting a rise from $142.96 billion in 2023 to $504.24 billion by 2030. Furthermore, with this expansion comes the emergence of telemedicine apps which have become essential tools for healthcare providers. They offer an easy and effective way to connect […]