The Revenue Cycle Blog
Recruiting and Training the Best Medical Billing Talent
With changes in technology, a successful medical biller needs to understand (and be proficient) in using technology, applying deductive and critical thinking skills, and be an excellent communicator. Ideally, one should look for strong analytical, communication, and inter-personal skills in a medical biller
Healthcare Insights ranks MBW as the most reliable Medical Billing Service Provider
Healthcare Insights, a renowned healthcare publication ranks Medical Billing Wholesalers as the most reliable medical billing service provider. Read the full article here.
Successful Physician Credentialing: A Quick Reference Guide
Physician credentialing is the process of obtaining, verifying, and assessing the qualifications of a medical practitioner to be able to provide medical services. Credentials are documented evidence of licensure, education, training, experience, or other qualifications of the medical practitioner. In this guide from Medical Billing Wholesalers, we bring you a few tips on successful provider credentialing.
Revenue per Encounter – The top revenue cycle metric
Revenue per encounter can be defined and computed by dividing net collections by the total number of patient visits in a given month. This metric can provide a quick view of the health of your revenue cycle. In this whitepaper from Medical Billing Wholesalers, learn more about how to calculate and increase Revenue per encounter.
Shifting the Focus from Denial Management to Denial Prevention
The adage, “Prevention is better than cure”, does apply to Claim Denials as well. An effective denial prevention program requires an iterative process that includes identification of root cause, finding solutions to prevent the issue from recurring in the future, the institutionalization of these procedures through updates to standard operating procedures, and training the staff on these practices. In this whitepaper from Medical Billing Wholesalers, we bring you a few steps that you can take to prevent denials.
Denial Management Infographic
Get the statistics for claim denials and strategies for preventing them in this Denial Management infographic from Medical Billing Wholesalers.
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. Healthcare practices tend to suffer from aged accounts, write-offs, and revenue leakage if they do not have a firm grip on the use of modifiers. In this article, we bring you the common modifiers in medical billing & their applications.
Reimbursements for COVID-19 Treatments & Testing of Uninsured Individuals
As with all other industries, healthcare providers are facing financial challenges stemming from COVID-19. Getting reimbursements for COVID-19 treatments of uninsured individuals is complicated & requires healthcare providers to stay up to date with the nuances of the HRSA program for the uninsured. In this article we provide a consolidated view of everything one should know about the HRSA program for COVID-19 treatments of the uninsured.
How to Arrest Revenue Leakage in Medical Billing?
Inefficiency & carelessness in the revenue cycle stages can cause revenue leakage, which if undetected, could result in the loss of thousands of dollars. In this whitepaper, we bring you 10 things that you can implement to reduce revenue leakage in your practice. These best practices will help you improve revenue and reduce your costs.
An empathetic approach can make more M&A successful – Five Lessons from our experience
Read more on how the empathetic approach of our Human resources team helped prevent & handle the differences faced during the integration of clients & process of Benchmark Billing Solution.
The Increasing Acceptance of Telemedicine for Care Delivery in the Post COVID-19 Era
Telemedicine is gaining increasing acceptance as a direct consequence of the Coronavirus outbreak. The bigger question is if telemedicine will continue and possibly even grow post-COVID-19 or is this just a passing phase that has gained popularity out of necessity and will wane off. In this article, MBW brings you a list of reasons why Telemedicine is the new normal.
Team engagement podcast episode - 75 with CEO, Vinod Sankaran & Shawn Richards
In episode 75 of the team engagement podcast, Shawn Richards of Blue Sky Biz Consulting had a conversation with Vinod Sankaran, Founder, and CEO of Medical Billing Wholesalers. Every day, Shawn Richards, of Blue Sky Biz Consulting interviews leaders from the industry to get perspectives on leadership, entrepreneurship, and building great teams. Watch this podcast on Blue Sky Biz Consulting’s site.
4 Reasons for Physical Therapy Claim Denials and Solutions
Denied claims are the type of claims that were received and processed by the insurance payer and a negative determination was made. It is no wonder that in Physical Therapy there are a greater number of denied claims compared to any other specialty. Read more about reasons for claim denials in Physical Therapy and ways to rectify them.
Mastering Physical Therapy Billing - Codes & Terminologies You should Know
Medical Codes and Terminologies are two essential things that a Physical Therapist should learn about. The Medical codes define the diagnoses, treatment, procedures, and medication used through the alphanumeric ICD-10 Coding System. In this article, we provide you a view of the physical therapy codes and terminologies.
Revenue Cycle in the Times of COVID-19 – Creating a Sustainable Financial Future
COVID-19 updates by the regulators are across the news today. With many physician practices choosing to operate remotely, and reduced patient visits to the outpatient department, the financial health of healthcare providers is now reeling under the shock of COVID-19. MBW brings you some of the areas that financial administrators working at healthcare provider entities must focus on to stabilize financial operations and restore normalcy.
Message from Medical Billing Wholesalers CEO Vinod Sankaran on COVID 19
In this video message, our CEO, Vinod Sankaran, talks about how Medical Billing Wholesalers is supporting clients in the face of the unprecedented pandemic, COVID-19.
World Health Day 2020 – Saluting the undying spirit and commitment of Nurses and Midwives
Medical Billing Wholesalers salutes the undying commitment of the medical fraternity across the world. We see our role as helping the healthcare systems improve the economics of healthcare enables caregivers to focus on what they do best, deliver high-quality care. On this day, renew and reaffirm our commitment to helping the medical community reduce administrative costs, and improve care delivery.
National Medical Billers Day: Unprecedented Times. Undying Commitment
Their work makes them legends. Their heart makes them heroes.
Today, on the occasion of the National Medical Billers’ day, we salute the undying spirit of medical billers and coders across the world. Their focus on ensuring the financial health of healthcare institutions often calls for personal sacrifice.
A leader’s dilemma: Dealing with 'coronavirus uncertainties' in the business
The coronavirus outbreak is affecting small businesses in a variety of ways. From the loss of business to remote work, rules are changing fast, and companies are being forced to adapt.
New CPT Code Released to report laboratory testing services that diagnose the presence of the novel Corona Virus
The unique CPT code will be used to report laboratory testing services that diagnose the presence of the novel coronavirus. This will help provide the data for analytics as testing to identify the incidence of the virus continues across the United States.