Insurance claim denials and rejections are one of the biggest obstacles affecting your practice's Centricity and EPIC Medical Billing reimbursements. Too often the terms “claim rejection” and “claim denial” are used interchangeably in the billing world. This misunderstanding can create very … [Read more...]
Benchmarking your Medical Practice for Improved Productivity
Is your new associate seeing enough patients each month? Are you leaving revenue on the table with procedures? How many times do you need to contact a patient before the bill is paid? You may have a rough idea based on data you've collected in your practice—but shouldn't there be some standards? … [Read more...]
Centricity and EPIC Billing Practices – Reduce No Shows
There are many reasons why patients do not show up for appointments. Regardless of the reasons, a no-show means an opening in your schedule and lost revenue to your practice. While a small number of no-shows are expected in even the most efficient practices, working to reduce that number is … [Read more...]
Front Desk Flops and What You Can Do to Fix Them.
Have you ever heard of patients that say they love their doctor but hate having to deal with the provider's staff? Often times practices make the mistake of putting the employee with the longest tenure (or often the least amount of back office skills) at the front desk, regardless of their people … [Read more...]
How to Improve Medical Practice Productivity – Simple Tips
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...]