While the numbers vary a bit, industry experts across the board agree that unpaid - and underpaid - medical claims amount billions of dollars in lost revenue for healthcare practices and organizations each year. Some reports estimate that an average of around 5.5% of claims are simply unpaid by insu…Read More
Source: Healthcare Finance "As healthcare continues to be swept up in a wave of consumerism, practices are looking to dip their toes in the waters of retail, mimicking business models that have long been consumer-oriented. Offering products isn't just a means of diversifying and supplementing revenu…Read More
Credit Balances What is a credit balance? Credit balances occur when improper payments and adjustments are made to the practice and exceed the related posted charges. Often they are the result of increasingly complicated healthcare billing and payment processes. Credit balances are not “extra cas…Read More
Source: Healthcare Finance "Centers for Medicare and Medicaid Services Administrator Seema Verma on Tuesday announced changes to overhaul the meaningful use EHR incentive program, including equipping patients with access to their electronic health records on the day they leave the hospital. Indeed, …Read More
Source: Beckers Hospital Review "Physician compensation increased 5.1% on average nationwide in 2017, yet a few major metropolitan areas saw declines as great as nine percent, according to research compiled by Doximity. The study gathered data from 12,000 physician jobs posted in 2016 and 2017 on Do…Read More
