The Impact of Telemedicine on Gastroenterology Medical Billing and Coding

The Impact of Telemedicine on Gastroenterology Medical Billing and Coding

In recent years, telemedicine has emerged as a transformative phenomenon in healthcare provision, facilitating remote connectivity between patients and healthcare providers for consultations and follow-ups. This rapidly progressing domain within the healthcare sector utilizes advanced technology to deliver medical services and consultations remotely. It enables patients to engage with healthcare professionals irrespective of their geographical location, utilizing digital platforms such as video calls, mobile applications, […]

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Achieving Billing Accuracy in Ambulatory Surgery Centers (ASCs)

Achieving Billing Accuracy in Ambulatory Surgery Centers (ASCs)

ASCs have become increasingly popular for outpatient surgical procedures as they offer high-quality and cost-effective surgical care. They are an appealing alternative to traditional hospital settings. However, the rise of ASCs also brings the possibility of billing errors that can result in revenue cycle delays, reimbursement delays, and affect the bottom line. To be paid for certain procedures by the Center for Medicare and Medicaid […]

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Why Outsourcing Billing Process Is Better Than in House Billing?

Why Outsourcing Billing Process Is Better Than in House Billing?

The practice of outsourcing medical billing has gained significant traction among healthcare providers in recent years, primarily driven by the desire to optimize operations and minimize expenses. Nevertheless, a multitude of misconceptions surrounding this practice persists, which may cause reluctance among providers who stand to benefit from outsourcing. If medical practices do not receive payment for the services they provide, it can threaten their financial […]

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Streamlining Healthcare Services: How Practice Management Systems Improves Efficiency

Streamlining Healthcare Services: How Practice Management Systems Improves Efficiency

As the healthcare industry grows more intricate, it is imperative for healthcare providers to employ technology in order to streamline their operations and enhance patient outcomes. A technology that has gained considerable momentum in recent years is the practice management system. This software is specifically designed to assist healthcare providers in efficiently managing their practices, reducing administrative burdens, and enabling them to concentrate on delivering […]

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Best Practices for Overcoming Billing Challenges in Gastrointestinal Practices

Best Practices for Overcoming Billing Challenges in Gastrointestinal Practices

For gastroenterologists, handling billing and collections can be a difficult and laborious responsibility. There are numerous aspects to consider, such as coding, submitting claims, and collecting payments from patients, which even seasoned practice managers can struggle with. Gastroenterologists must keep themselves up to date on various coding guidelines and payer-specific regulations to run a compliant and financially successful practice. Operational costs at many gastroenterology ASCs […]

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HIPAA-Compliant Patient Payment Process: Guidelines and Best Practices

HIPAA-Compliant Patient Payment Process: Guidelines and Best Practices

As a healthcare provider, it is essential to ensure that your patient payment process complies with the Health Insurance Portability and Accountability Act (HIPAA). HIPAA is a federal law that sets the standards for protecting sensitive patient data. Failing to comply with HIPAA can result in serious legal and financial consequences. When it comes to breaches in the healthcare industry, it is commonly believed that […]

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A Guide to Finding a Reliable Revenue Cycle Management Partner

A Guide to Finding a Reliable Revenue Cycle Management Partner

The healthcare industry is a dynamic field that poses increasing challenges for healthcare providers in effectively managing their revenue cycle. One viable solution is to collaborate with a competent Revenue Cycle Management (RCM) company to streamline and optimize the revenue cycle process. However, it is crucial to note that not all RCM partners are equal in terms of their capabilities and quality of services. Traditionally, […]

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Maximizing Revenue Streams in Healthcare: Addressing Common Challenges

Maximizing Revenue Streams in Healthcare: Addressing Common Challenges

In the contemporary digital age, the healthcare sector has initiated the employment of robotic process automation and artificial intelligence to administer its revenue cycle. The adoption of automated workflows is inducing fewer inaccuracies, amplified collections, and overall profitability. Nevertheless, despite these advancements, certain revenue cycle management (RCM) procedures, particularly in specialty healthcare, still encounter a gap. For healthcare providers, efficient and sustainable RCM is of […]

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Revenue Cycle Management: Essential Tips for Ambulatory Surgery Centers

Revenue Cycle Management: Essential Tips for Ambulatory Surgery Centers

There is a notable trend in the migration of specialized medical procedures from hospital settings to outpatient facilities, such as ambulatory surgery centers. These procedures include complex orthopedic, spinal, and cardiology surgeries, among others. The driving factors behind this shift include cost savings, technological advancements, convenience, safety, and positive outcomes. This transition is benefiting patients, healthcare providers, and payers alike.] The Centers for Medicare and […]

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Understanding Ambulatory Surgery Center (ASC) Billing: An Overview

Understanding Ambulatory Surgery Center (ASC) Billing: An Overview

Ambulatory Surgery Centers (ASCs) have emerged as a crucial player in the healthcare industry as they offer a convenient and cost-effective alternative to hospital-based procedures. As the demand for ASC services continues to increase, it is imperative that these centers adopt a comprehensive and efficient billing process to ensure accurate and timely reimbursement. The U.S. ambulatory surgical centers market is predicted to expand at a […]

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