The Physicians Foundation, a nonprofit advocacy group, recently stated that the average doctor spends at least 20% of his time on uncompensated tasks, a figure that has nearly doubled in the last decade due to a flurry of new rules and regulations. For the average family practice physician, that … [Read more...]
Does Specialty and Location Vary Patient Debt?
Eight years into healthcare reform, high-deductible health plans have become the norm. According to the Kaiser Family Foundation, 51 percent of employee-sponsored health plans have annual deductibles of $1,000 or more. Two-thirds of plans on health exchanges have deductibles that exceed $3,500 for … [Read more...]
Does Your Practice Perform Medical Billing Performance Audits?
Your medical billing performance is one of the most important metrics to measure your practice's overall financial health. Unfortunately, in many practices, very little if any attention is given to billing and collections performance metrics numbers like revenue and provider productivity. Since … [Read more...]
Centricity billing and EPIC billing, A/R Numbers Don’t Lie
Since virtually all Centricity billing and EPIC billing practices have a significant component of their revenue come from insurance payers, then chances are that the words “accounts receivable” are enough to give you a headache. Nevertheless, successfully managing your collections department is … [Read more...]
How Effective is your Point of Service Collections at Your Practice?
Whether or not you believe the Affordable Care Act (ACA) has been a failure or a success, one thing is undeniable: Patient payments now make up a much larger percentage of most practice's revenue, thanks to high deductible health plans and steeper co-insurance amounts. In fact, in a recent study by … [Read more...]
Centricity and EPIC Medical Billing Outsourcing Grows Significantly in 2017
There’s no doubt about it, medical practices are increasingly outsourcing their Centricity and EPIC medical billing operations. As the state of the American healthcare system remains volatile and uncertain, medical billing processes are generally becoming more and more complex. Studies show that … [Read more...]
Centricity or EPIC Medical Coding Concerns? Here Are 6 Tips!
Even though the transition to ICD-10 is now in the rear view mirror, many medical offices using Centricity or EPIC coding are still suffering the effects of the big switch. As a result, practices may still be having trouble with documenting patient issues, billing, and coding specific diagnoses. … [Read more...]
Centricity and EPIC Billing – Part 2 – Accounts Receivable Report is So Important
In part one of our previous blog we discussed why the Accounts Receivable Report is so important. However the AR report is only a tool. There are many other factors affecting these totals which in turn affects your practice’s Centricity and EPIC Billing. In part wo we will take a look at some of … [Read more...]
Centricity and EPIC Billing – Why the Accounts Receivable Report is So Important
When it comes to Centricity and EPIC Billing , reports are a key barometer to understand what’s going on in your medical practice. Without good reporting, it’s difficult to determine whether your practice is making money or not. Monthly reports can show you how your medical practice is … [Read more...]
Physician Tips for Centricity Medical Billing and EPIC Medical Billing Services
All physicians undoubtedly remember the tremendous challenges of studying long hours, working nights and weekends, routinely topping 100 hours a week while in medical school and residency. Somehow, throughout all of those hours, medical billing and coding were not covered in class. When Doctors … [Read more...]