What can you do to start bringing in more revenue? The first step is to understand the obstacles standing in your way and then address them to start seeing growth and improvement. 1) Inefficient Billing and Coding Inefficient billing and coding can also keep a medical practice from … [Read more...]
5 Ways to Improve Centricity and EPIC Medical Coding
Effective Centricity or EPIC coding is the best way to fight off rising business costs in your medical practice. The CPT and diagnosis codes used when submitting claims determine how much your providers get paid for the work they do. Therefore, it’s essential to ensure your coding procedures are … [Read more...]
Medicare Denies 1 in 10 Claims
Did you know that Medicare denies 10 percent of claims in an any given year? Medicare is notorious for having stringent guidelines for reimbursement, However, just because a claim is denied does not mean you have to accept the results. Appealing a Medicare claim might be a bit of a hassle, but it's … [Read more...]
Centricity Medical Billing, Should I Outsource?
One of the many business questions physicians face is whether to outsource their Centricity medical billing to third-party services or do it in-house with Centricity Practice Solutions. Some physicians would assume outsourcing billing to a Centricity medical billing service makes the most … [Read more...]
Centricity and EPIC Medical Billing: Medical Claim Denials and Rejections What’s the Difference?
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...]
