Clinical staff members have complex languages all their own: diagnoses, medications, symptoms, anatomy. Now many physicians are becoming familiar with a more financial language, “Relative Value Units” (RVUs). As more and more physicians are practice/hospital employees, they need to be aware of all the factors that determine how they are reimbursed. Most contracts start with a base salary, a guaranteed …
Biller’s Blog Special Edition – 3 Scenarios for Updating Primary Payer Information
As a medical biller one of the constant issues we encounter is out of date or inaccurate insurance coverage information. It delays payments and causes a lot work for office staff. I thought it would be helpful for our Iridium Suite users if I created a “cheat sheet” of the 3 common scenarios. REMEMBER: Most questions you may have about …
A Better Analysis of the Revenue Cycle – Payer Un-collectables
Why is payer money not collected? It is estimated that 30-40% of denials are due to front-end registration and eligibility issues. If billing staff are diligent with the patient benefit verification steps from our last Medical Billing Blog: A Better Analysis of the Revenue Cycle-Patient Collections, you should be able to reduce that percentage to almost 0%. Another common denial …
A Better Analysis of the Revenue Cycle-Patient Collections
Click Here to Learn to Think Catalysis Let’s be honest, in most healthcare businesses we are doing more and more with less and less staff. The end of the day/week is here before you know it. That list of tasks, stack of papers and inboxes still full of unopened messages are still there. This common scenario often drives us to …
