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 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...]
Super Charge your Centricity Medical Billing or Your EPIC Medical Billing by Improving Coding
The procedural and diagnostic codes used to submit claims for reimbursements mandate how much your providers get paid for the work they do. Therefore, it’s essential to ensure your coding procedures are optimized for success. Below are four ways you can begin to code more effectively at your medical … [Read more...]
Can Performance Pay Improve Staff Performance?
We are in a era where many Centricity medical practices are struggling to meet bottom line profitability. Under ever-changing and ever-lower reimbursement paradigms, the idea of performance-based incentive pay may seem counter intuitive. If your practice has extra cash at the end of the year, there … [Read more...]
Centricity Billing Front Desk Staff Best Practices
Have you walked into a doctor's office and immediately been turned off? In a physician's office, the patient's first impression starts with the front desk. And most of the time, that first impression starts before the patient even walks in the door. So what impact does your Centricity Billing Front … [Read more...]
2 More Metrics To Measure Medical Billing Financials
In a previous post, we looked at three reports every practice should run to stay on top of financial performance and measure medical billing financials, the accounts receivable aging report, the payer mix ratio, and the gross and net collections ratio reports. However, there are 2 other metrics the … [Read more...]
Improve Medical Billing Collections by Front Desk – 5 Tips
Recent government and industry reforms have created an environment where patients must shoulder a higher share of their medical costs. One result is that many practices’ medical billing revenues are being affected by drops in cash flow, particularly during the first half of the year when many … [Read more...]
How Does Your Practice Measure Medical Billing Financials?
Centricity Practice Solutions can produce scores of reports to measure medical billing financials and help you gauge the health of your practice. While it's always a good idea to keep an eye on several different metrics, there are a few numbers you should watch more closely than others. Here's are … [Read more...]
