Benefits Of Outsourcing And Offshoring Medical Coding Processes
With the revenue cycle industry evolving every day, RCM practitioners and decision-makers need to stay updated on the trends. Trust Revel, a Revenue Cycle Industry Newsletter from Medical Billing Wholesalers, to bring you updates on issues impacting the revenue cycle business.
Benefits Of Outsourcing And Offshoring Medical Coding Processes
Outsourcing and offshoring the Medical Coding process can give you access to certified coders, reduce denials, improve reimbursements, and plug revenue leakage. In this blog we look at how choosing the right service provider is an essential element of the outsourcing strategy
Overcoming common issues in Accounts Receivable Management
In healthcare, like all businesses, the most effective way to collect your unpaid accounts is by reaching out and talking to the customer. The number of patients treated, and the number of hospitals and physician services are increasing consistently, keeping the doctors & their staff occupied. As a result, they miss to follow up on a massive chunk of their revenue from the patients & insurance companies.. In this paper, we discuss on how to overcome common issues in Accounts Receivable management.
Understanding Commonly Used Modifiers and Their Impact on Reimbursements
According to the AMA and the CMS, a modifier provides the means to report or indicate that a service or procedure has been performed and altered by some specific circumstance but not changed in definition. It may also provide more information about the service that has been performed more than one time or services that have occurred unusually. Read more on the advantages of using modifiers.
The Potential of Efficient Payment Posting
Healthcare providers in the US reported that processing ERAs required, on average, three minutes while manual transactions needed seven. As we all know in RCM time means money, and those minutes can add up – contributing to high labor costs while delaying payment posting. In this blog we look into the opportunity that payment posting provides like reducing days in A/R, increasing client satisfaction, and reducing labor costs
Improving Collections by using the right CPT Codes for Prolonged Service
The principles of educating physicians and clinical staff is applicable for all cases where coding denials are high. Learn more on reducing denials and improving collections using right CPT codes
About Medical Billing Wholesalers
Medical Billing Wholesalers (MBW) provides business process outsourcing, revenue cycle KPI measurement, and robotic process automation tools. The company operates from 5 delivery centers in Chennai and Bangalore and has sales offices in New York, Dallas, Fort Lauderdale, Las Vegas, and Nashville. Through our clients, we support over 2,000 physicians across over 20 medical specialties and uses over 15 EMR/practice management systems today. The company applies proprietary workflow tools, and robotic process automation capabilities to help clients do more with the revenue cycle.
