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PHARMACY BILLING AND REIMBURSEMENTS: 7 POINTS TO KNOW med-miles.com
From pharmacy to patient’s hand, prescriptions undergo many stages of reimbursement. Filling a prescription and adjudicating it may seem complicated, but it is the only way to understand Pharmacy Billing. If you are a physician and thinking about offering medications through your own office along with your healthcare services, it is an option worth considering. It can contribute to your practice revenue while providing an…
MEDICAL BILLING SERVICES NEAR ME: HOW CAN I FIND THEM? med-miles.com
Do you have a medical practice that is challenged with billing and collections? Is it difficult for you to follow up on insurance billing codes, rejected claims, and unpaid bills? There’s a good chance you could benefit from “Medical Billing Services”. There is no doubt that the healthcare industry is overburdened with paperwork. Medical experts believe that they spend more time preparing invoices and claims…
WHY MEDICAL BILLING AND AUDIT SERVICES ARE IMPORTANT? med-miles.com
For a few decades, medical billing was done completely on paper, though, with the advent of health information systems (Medical Practice Software’s), it has become possible to effectively manage huge amounts of claims. Due to the quickly changing prerequisites by U.S. health insurance companies, a few perspectives of Medical billing and Medical office administration have made the need for specialized preparation. As healthcare proceeds to…
HOW TO MAXIMIZE YOUR MEDICAL BILLING COLLECTIONS AND REVENUE? med-miles.com
Losing Your Potential Revenue? Unfortunately, having complex and time-consuming processes or errors in the billing and collections process, independent practices are still leaving 30% potential revenue on the table. Once you realize that your medical billing is already accepting a hit, you begin to comprehend that you can’t afford to lose much revenue due to inefficiencies in medical billing collections. To make it easier for…
CMS Price Transparency Audit- What Hospitals Need To Know? med-miles.com
Growing healthcare costs have long been a burden on the United States. Even consumers, employers, and providers bear this burden. But, besides all this, the healthcare charges or fees of services are still not clear or comparable. Due to the increase in the regulatory requirements and primary focus on improving overall price transparency of hospital charges and out-of-pocket costs for patients, CMS and different private…
TOP 4 CYBER SECURITY BEST PRACTICES TO PREVENT CYBER ATTACKS IN HEALTHCARE med-miles.com
Due to the current pandemic, healthcare providers are moving towards offering their services virtually. This shift towards technology is creating big opportunities for cyber attackers to breach the systems of healthcare facilities to steal the sensitive data of the patients. Cybercrimes have been around for a long time but the risk of getting ambushed by hackers has grown tremendously. They steal the patients’ data to…
HOW TO OVERCOME CHALLENGES IN MEDICAL CLAIMS PROCESSING? med-miles.com
Risk has become an inherent part of the healthcare service industry as a small change can ruin your practice reputation and revenue which can eventually lead to failure. In the healthcare business, managing thousands of medical claims can be a daunting task for healthcare providers because each claim requires a diverse approach and standard procedures on its own. Which makes it difficult for insurers to…
5 Reasons Why Payment Posting Is Necessary For Medical Billing Process med-miles.com
Payment posting plays an essential role in the medical billing process. You can use it to assess your revenue cycle management system and discover ways to improve your revenue stream. Payment posting may sound like a very basic task. But, one mistake can cause many problems, like denied claims, late payments, etc., which can be troublesome for a healthcare provider. Here are the 5 reasons…
5 Reasons Why Payment Posting Is Necessary For Medical Billing Process
Payment posting plays an essential role in the medical billing process. You can use it to assess your revenue cycle management system and discover ways to improve your revenue stream. Payment posting may sound like a very basic task. But, one mistake can cause many problems, like denied claims, late payments, etc., which can be troublesome for a healthcare provider. Here are the 5 reasons…
5 Reasons Why Payment Posting Is Necessary For Medical Billing Process
Payment posting plays an essential role in the medical billing process. You can use it to assess your revenue cycle management system and discover ways to improve your revenue stream. Payment posting may sound like a very basic task. But, one mistake can cause many problems, like denied claims, late payments, etc., which can be troublesome for a healthcare provider. Here are the 5 reasons…
KEEP DATA SECURITY AND PRIVACY TOP OF MIND med-miles.com
If you have a HIPAA violation, this can cost you more than thousands of dollars. This can ruin your reputation and cause you to lose business. Are you able to afford that risk? The best interests of patients come first in the medical profession. You must follow rules and procedures to protect and secure patient information. Failing to do so can potentially risk your patient’s…
7 Telemedicine Concerns For Health Care Providers and How to Overcome Them med-miles.com
With the rise in the area of technology, telemedicine comes with convenience for the tech-savvy population. It is reported that telemedicine is overgrowing with an increase of 16.8% from 2020 to 2023. Moreover, more than 50% of hospitals in the United States uses telemedicine due to its cost efficiency and easy access to healthcare services. Telehealth reduces healthcare costs and waiting time. For healthcare providers,…
WHAT IS MENTAL HEALTH AND WHY IS IT IMPORTANT TO OVERALL HEALTH AND WELL-BEING? med-miles.com
Mental health is equally important as physical health. Mental health consists of cognitive, psychological and social factors. It affects the way we think and act. Most people do not think about their mental well-being as they consider it just average. Our mental health impacts our daily routines, relationships, and overall health and well-being. It can be affected by the events and experiences we face in…
In-House vs. Outsource Medical Billing – Which One Is Best? med-miles.com
It has always been a discussion or debate on whether medical bills should be outsourced or kept in-house. To be fair, this is not a hard and fast rule. It depends on the dynamics and visions of organizations. It also differs from practice to practice based on multiple factors: age of the business, size of clinical staff, and the financial health of a healthcare organization. So, there…
In-House vs. Outsource Medical Billing – Which One Is Best? med-miles.com
It has always been a discussion or debate on whether medical bills should be outsourced or kept in-house. To be fair, this is not a hard and fast rule. It depends on the dynamics and visions of organizations. It also differs from practice to practice based on multiple factors: age of the business, size of clinical staff, and the financial health of a healthcare organization. So, there…