Medical Billing Services Archives - Page 12 of 13

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Medicare Part B premiums are increasing by 14.5%

CMS attributes the increases in part to rising prices and utilization across the healthcare system, as well as Aduhelm. The standard monthly premium for Medicare Part B enrollees will be $170.10 for 2022, an increase of $21.60 from $148.50 in 2021. This represents a 14.5% increase. The annual deductible for all Medicare Part B beneficiaries […]

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November 15, 2021
Blog, Medical Billing
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Patient Financial Assistance with Hospital Bills Increased in 2021

Patient financial assistance with hospital bills was sought out at a higher rate in 2021 compared to 2020 partly due to hospital billing practices, according to new data from TransUnion Healthcare. Patients may receive financial assistance from hospitals to help them understand all the options available to them when it comes to paying their medical […]

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November 1, 2021
Blog, Medical Billing
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How Billing Turns A Routine Birth Into A High-cost Emergency

Caitlin Wells Salerno knew that some mammals — like the golden-mantled ground squirrels she studies in the Rocky Mountains — invest an insane amount of resources in their young. That didn’t prepare her for the resources the conservation biologist would owe after the birth of her second son. Wells Salerno went into labor on the […]

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October 30, 2021
Blog, Medical Coding
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CPT Code Set Adds Code for J&J COVID-19 Vaccine Booster

AMA updated the CPT code set to accommodate the new mix-and-match COVID-19 vaccine booster strategy endorsed by the federal government. The update comes on the heels of a decision from the Federal Drug Administration (FDA) to authorize booster doses of Janssen’s COVID-19 vaccine. The federal agency has recommended a booster dose of the vaccine […]

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October 29, 2021
Blog, Medical Billing
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How 5 Steps For Transforming Patient Access Saved $20M

‘If you can get it right up front, you’re ensuring accuracy, preventing rework, and preventing denials,’ says Alicia Auman, director of patient access at KSB Hospital. Patient access plays a tremendously important role within the revenue cycle, which is why Alicia Auman, director of patient access at KSB Hospital in Dixon, Illinois, has worked […]

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2022 Medicare Advantage Plan Overview, Part Two: Portfolio Strategy And Leading Carriers

The ideal value chain for any industry or company is one built for lifelong customer retention and loyalty. One component of such a chain is a portfolio strategy that continues to offer maximum choice and affordability. For insurers in the Medicare market, this equates to a mix of plan designs and standalone prescription drug […]

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Optum partners with SSM Health and will employ certain revenue cycle staff

To reduce care variation, SSM and Optum will use clinical technologies, advanced analytic and data-driven insights at the point of care. Certain SSM Health revenue cycle staff and hospital care management will become employees of Optum. They will continue to work in their current locations across Illinois, Missouri, Oklahoma and Wisconsin. WHY THIS MATTERS As […]

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IT strategies for rebuilding a pandemic-ravaged revenue cycle

Kaufman Hall predicts hospital operating margins will fall 80% below pre-pandemic levels by the end of 2021. Projecting cash flow always has been a challenge, but now that hospitals are operating on extremely tight margins, access to accurate projections is critical. On a related note, research from Market cube and Waystar found that fewer […]

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October 1, 2021
Blog, Medical Coding
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How CMS is boosting telehealth and RPM with new CPT codes

In the latest Medicare Physician Fee Schedule, the U.S. Centers for Medicare and Medicaid Services proposed for the first time a set of CPT codes for remote therapeutic monitoring. These codes, according to the proposal, are intended to be used to understand the effectiveness of and the patient’s response to a prescribed therapy. In particular, […]

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As Revenue Cycle Management Expands, Automation Is Key

In its simplest form, revenue cycle management is the process healthcare providers use to ask for, track, and collect revenue for services rendered to patients. But as medical billing gets more complex, revenue cycle management is expanding beyond the business office. At Jackson Hospital in Montgomery, Alabama, for example, revenue cycle management also includes […]

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Tag: Medical Billing Services

Medicare Part B premiums are increasing by 14.5%

Patient Financial Assistance with Hospital Bills Increased in 2021

How Billing Turns A Routine Birth Into A High-cost Emergency

CPT Code Set Adds Code for J&J COVID-19 Vaccine Booster

How 5 Steps For Transforming Patient Access Saved $20M

2022 Medicare Advantage Plan Overview, Part Two: Portfolio Strategy And Leading Carriers

Optum partners with SSM Health and will employ certain revenue cycle staff

IT strategies for rebuilding a pandemic-ravaged revenue cycle

How CMS is boosting telehealth and RPM with new CPT codes

As Revenue Cycle Management Expands, Automation Is Key

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