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What Is Medical Billing Compliance?

Compliancy Group

One of the most common ways for providers and healthcare organizations to run afoul is to incorrectly or illegally bill and code for services or supplies. No matter the intent, noncompliance in medical billing can have severe consequences. This mistake resulted in millions of dollars in lost revenue for hospitals.

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The Top 10 Inhouse Medical Billing Issues

Medisys Compliance

In no small measure, the process can be exhausting and challenging when it comes to an internal medical billing team. Let’s get straight to the in-house medical billing issues, shall we? Resources for medical billing are required to maintain a high percentage of clean claims and increase revenue.

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3 Common Myths on Medical Billing Outsourcing

Medisys Compliance

Scores of medical professionals now prefer to outsource their medical billing. However, on the other hand, there are a few myths floating around outsourcing medical billing. At any medical setting, the medical billing might be said to be a crucial aspect of your business.

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Why You Need A Medical Billing Company For Wound Care Billing Services?

Medisys Compliance

Cutting down on time: Seeking help from a medical billing company might speed up the process of finishing a diagnosis or treatment. Take care of patients, while the medical billing company takes care of the complex billing system. Are you reluctant to resort to a medical billing company for your wound care center?

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Top 5 KPIs to analyze your Medical Billing Services

Medisys Compliance

The more metrics you have on the state of your bills, the better, your accounting team will be pleased to tell you. This is why tracking key performance indicators for medical billing will take center stage in many clinics. The most significant billing and collections key performance indicators are shown below (KPIs).

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Why Should You Hire A Medical Billing Company Right Before ThanksGiving?

Medisys Compliance

Particularly, more patients are anticipated to visit hospitals and clinics. We all can agree that thanksgiving can be super-taxing considering that medical settings have an influx of patients. In such situations, it is better to hire professionals to take care of the exhausting medical billing process. per hour billing.

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New Medical Billing Codes You Should Know About

HIT Consultant

This article shares some insights on the latest coding changes and how physicians can navigate their medical bills to stay financially successful in the modern healthcare industry. The healthcare industry is continuously evolving and providers need to stay updated with the latest billing and coding changes. 2022, September 9).