Upcoding in Medical Billing, the act of billing for a higher level of service than was actually provided in medical billing, is unfortunately not uncommon. While it may seem like a harmless way to boost revenue, the consequences are far-reaching and detrimental to both patients and the healthcare system as a whole. Upcoding in Medical […]
Revenue cycle management (RCM) is an intricate and critical aspect of the healthcare industry, encompassing the entire process from patient registration to reimbursement. However, RCM processes often face challenges, leading to pain points that can hinder efficiency, increase costs, and negatively impact patient satisfaction. Outsourcing Revenue cycle management services offers a viable solution to alleviate […]
In the healthcare industry, accurate coding is crucial for ensuring proper reimbursement, maintaining patient records, and conducting data analysis. This becomes particularly important when dealing with complex procedures, which often involve multiple steps, specialized equipment, and nuanced documentation. Errors in coding for complex procedures can lead to a cascade of issues, including delayed payments, inaccurate […]
Once a patient or their insurance provider is billed for services, the outstanding amount becomes part of the practice’s accounts receivable (A/R). Practices track A/R in various ways, including “Days in A/R,” calculated by dividing total A/R by the practice’s average daily charges. Additionally, accounts are categorized based on their age, such as 1-30 days […]