Physician education - Key to Financial success
Improving patient experience requires a comprehensive re-look at the clinical, administrative, and financial processes. From reducing time to care to improving transparency into the costs of care, healthcare providers need to focus on improving quality, timeliness, and responsiveness to the needs of their patients. Read about how improving clinical quality & experience can improve the financial success of a practice.
PSO, POS & DOS - Physician Practice metrics to watch!
Three key performance indicators (KPIs) - patient slots occupied(PSO), point-of-service (POS) collections percentage, and days to claim submission from the date of service (DOS) are key to running a successful practice. Learn how to measure these KPIs and utilize them to get better financial outcomes.
Educating physicians on their documentation responsibilities is an iterative process, that requires an understanding of the reasons for claim denials, the ability to nail-down the issues that are causing the denials, determining the corrective actions, and hosting timely sessions between the denials team and the physicians to discuss them. In this case study, MBW shares a few insights on how a strong physician education process can help increase collections.
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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.
