The healthcare industry is undergoing continuous transformation, and one of the most significant recent developments is the expansion of Ambulatory Surgery Centers (ASCs). ASCs are facilities that provide same-day surgical procedures on an outpatient basis, and they are increasingly popular as an alternative to conventional hospital or clinical settings. According to marketing reports, hospital inpatient procedures constitute less than 20% of the approximately 57 million […]
The rising costs of healthcare have been a major concern for individuals and families in the United States for many years. High medical bills and unexpected expenses have left many people struggling to make ends meet, with some even facing bankruptcy. However, recent data shows that people are now having less trouble paying their medical bills, but there are still significant concerns that need to […]
Ambulatory Surgery Centers (ASCs) provide patients with same-day surgical procedures, offering convenience and cost savings. However, ASCs face unique billing challenges that can impact their revenue growth. Inadequate billing procedures, along with insufficient transparency and prolonged delays in claims processing, can lead to both revenue losses and elevated costs. To maximize revenue growth, ASCs need to streamline their billing operations and ensure timely and accurate […]
The healthcare industry is constantly evolving and seeking new ways to improve patient outcomes and access to care. One such development is the concept of Ambulatory Surgery Centers (ASC), which aim to bring surgical procedures closer to patients and provide faster and more efficient care. At present, a majority of outpatient surgeries are conducted at ASCs, which have seen a significant increase in utilization, rising […]
As the advent of a new year draws, healthcare providers in the field of gastroenterology are posing the question of what current trends in medical billing are being observed, and whether adjustments to their practice should be made accordingly. While it is acknowledged that trends can be uncertain in terms of committing time, resources, and energy to adopt new tools and resources, it is important […]
Generally, gastroenterology medical billing involves billing insurance companies for a patient’s gastroenterology procedure using the related codes and practices. It is imperative to use accurate medical coding to ensure that insurers have all the diagnostic codes necessary for timely payment. In addition to demographic assessments, studies of disease prevalence, treatment outcomes, and reimbursement systems based on accountability, accurate coding is crucial. In essence, gastroenterology medical […]
Most gastroenterologists find it hard to answer the question, “Is my practice financially healthy?”. With declining reimbursements, complicated regulations, and growing patient responsibility, maintaining the business side of the healthcare practice can be difficult. However, the good news is that the right combination of technology and services can help. As a result of an intense advocacy effort led by the American Gastroenterological Association, CMS has […]
Coding is an essential aspect of medical billing and reimbursement, especially for gastrointestinal (GI) procedures. It involves the use of standardized codes to accurately describe the procedures and services provided to patients. Some common examples of GI procedures include colonoscopies, endoscopies, and biopsies. To code accurately for these procedures, it is important to understand the specific procedure being performed and the specific codes that are […]
Gone are the days when revenue cycle management was simply about collecting payments from patients. Rather, it is now an essential tool in any healthcare organization’s marketing strategy to amplify all sources of revenue. Among these sources are private medical insurance, government funding (Medicare, Medicaid, CHIP, and military health insurance programs), and patient out-of-pocket payments. A few private hospitals and clinics are also able to […]
If you work for a hospital or health system, you’ve likely heard the term healthcare revenue cycle used around your place of employment. But what exactly is this process? And why do hospitals need to track all administrative and clinical data? In an era of increased complexity within the healthcare industry, it is vital to have a better understanding of the healthcare revenue cycle management […]
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