Major Gaps Still Exist Between Medical Billing Practices and Patient Preferences

Healthcare IT Today

For many years, patients have made it clear that they want their medical bills to be more predictable and more convenient. To be sure, providers have made some progress in that direction, but less than you might think.

Why Transparency Is No Longer Optional In Medical Billing

Electronic Health Reporter

The article Why Transparency Is No Longer Optional In Medical Billing appeared first on electronichealthreporter.com. Editorial Health Payment Systems medical billing surprise medical billing Terry Rowinski

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Improving Your Medical Billing Efficiency

Medisys Compliance

Medical billing is a much more comprehensive process than just claim submission. Medical billing includes all activities assisting in revenue generation. Medical Coding. Most solo providers or small practice owners tend to handle medical coding on their own.

Top 9 Most In-Demand Medical Billing/Revenue Cycle Positions

HIT Consultant

A new AKASA survey highlights the vacant roles healthcare CFOs and financial leaders most need talent for to sustain daily operations within medical billing and the revenue cycle. Billing specialists.

Medical Billing Challenges in Geriatrics

Medisys Compliance

In this article, we have listed medical billing challenges in Geriatrics with respect to various place of service. Many tests or procedures may be performed in the clinic, and Medicare is likely to ‘bundle’ and reduce payment unless medical necessity is met.

Surprise medical bills rank as public's second-highest financial worry, survey finds

Healthcare Dive

While 58% of the public said they're worried about being able to afford surprise bills, the majority of people with private insurance stated they knew nothing about the consumer protection law that went into effect in January

Billing Staffers Look for Better Reporting Functionality from Medical Billing Software

Healthcare IT Today

A new survey looking at billing trends found that respondents hope to see better reporting functionality from their medical billing software.

Understanding Write-Offs in Medical Billing

Medisys Compliance

You need to be clear about what falls in the category of charity so that your billing team can account for them accurately without any confusion. While following mentioned write-offs represent inefficiencies in your medical billing operations.

HHS Announces Rule To Protect Consumers From Surprise Medical Bills

Electronic Health Reporter

Departments of Health and Human Services (HHS), Labor, and Treasury, and the Office of Personnel Management, issued “Requirements Related to Surprise Billing; Part I,” an interim final rule that will restrict excessive out […].

Calculating AR Days in Medical Billing

Medisys Compliance

AR days is an important indicator to represent financial health of any practice so accurately calculating AR days in medical billing will result in taking appropriate follow up actions. Medical Billing Services #medicalbilling #medicalcoding #healthcare #physician #patient #medicare

Get Paid Faster by Outsourcing Medical Billing

Medisys Compliance

Receiving accurate insurance and patient payments is the biggest challenge when you run a medical practice. When medical practices run into cash flow problems, it becomes that much harder to treat patients effectively and keep your staff happy.

How Medical Billing Records Tell A More Complete Story of COVID Patients

Electronic Health Reporter

Medical billing records may help create a fuller picture of how the COVID-19 virus has impacted the country. The article How Medical Billing Records Tell A More Complete Story of COVID Patients appeared first on electronichealthreporter.com.

Top 6 Questions to Ask a Medical Billing Service

NCG Medical Blog

Do you and your team feel overwhelmed by the medical billing and coding process? Perhaps it’s time to consider hiring a medical billing service to manage this vital component of your medical practice and streamline your revenue cycle.

The Problem With Surprise Medical Billing

Electronic Health Reporter

We’ve seen it time and time again—a patient receives services from an out-of-network provider at an in-network facility and is surprised with a huge medical […]. The article The Problem With Surprise Medical Billing appeared first on electronichealthreporter.com. Editorial Health Payment Systems surprise billing surprise medical billing Terry RowinskiThis article is copyrighted strictly for Electronic Health Reporter. Illegal copying is prohibited.

Emergency Medical Billing Areas To Maximize Revenue During The COVID-19 Pandemic

Electronic Health Reporter

The article Emergency Medical Billing Areas To Maximize Revenue During The COVID-19 Pandemic appeared first on electronichealthreporter.com. This article is copyrighted strictly for Electronic Health Reporter. Illegal copying is prohibited.

Consumer Financial Protection Bureau examines pitfalls in U.S. medical billing

Fierce Healthcare

medical billing. Consumer Financial Protection Bureau examines pitfalls in U.S. agliadkovskaya. Wed, 03/02/2022 - 17:01

Want to Maximize Your Revenue Cycle? 3 Reasons to Partner with a Medical Billing Firm

NCG Medical Blog

One of the key methods for ensuring the longevity of your medical practice is to maximize your revenue cycle. This cornerstone of your practice’s operations impacts every aspect from attracting new patients to ensuring the medical billing process goes smoothly.

Understanding Medical Billing

HealthStream

Medical billing is complicated for trained professionals, so why do providers expect patients to understand it without a little help and coaching

Tax Break for Certain Medical Billing Services in Texas

Healthcare Law Blog

Texas HB 1445, which went into effect on January 1, 2022, exempts medical billing services performed before the submission of the relevant insurance claim from state sales tax. Historical Taxation of Medical Billing Services. Reclassification of Medical Billing Services.

How to Pay Medical Bills You Can’t Afford

Electronic Health Reporter

When you see a breakdown of your costs on a medical bill, you might be shocked at how the expensive costs add up. If you don’t have insurance, or your insurance doesn’t fully cover the bill, it can be difficult to pay […]. The article How to Pay Medical Bills You Can’t Afford appeared first on electronichealthreporter.com. Editorial hardship deferral medical payment assistance paying medical bills

Geisinger Unveils AI-Backed, Customizable Approach to Medical Billing

HIT Consultant

What You Should Know: – Today, Geisinger announced a new AI-backed , customizable approach to medical billing where patients have the power to select zero-interest payment plans that that can be paid over a timeline of their choosing.

Data Breaches Reported by WV and CO Healthcare Providers and NJ Medical Billing Administrator

HIPAA Journal

Charleston Area Medical Center Breach Affects 54,000 Patients. Charleston Area Medical Center (CAMC) in Charleston, WV, has recently announced it was the victim of a phishing attack in which the email accounts of some of its employees were accessed by unauthorized individuals.

Preventing Medical Billing Cash Flow From Becoming A Flat Line

Electronic Health Reporter

From last few years, there have been significant modifications in the rules in addition to guidelines that medical coding and billing firms must achieve. The medical billing vendor that is fully compliant in all under HIPAA are authoritatively business associates of most ideal healthcare clients. The article Preventing Medical Billing Cash Flow From Becoming A Flat Line appeared first on electronichealthreporter.com.

How To Get Started With Outsourcing Medical Billing

Electronic Health Reporter

By Ashly Williams, freelance writer, Billing Solutions. For owners and managers of treatment centers, outsourcing your billing process makes perfect sense. The process of managing your billing process requires time and resources. Additionally, it’s a bit complicated having to balance coordinating patient care and handling the billing collection process. The article How To Get Started With Outsourcing Medical Billing appeared first on electronichealthreporter.com.

AHIP and BCBSA analysis finds new law prevented more than 2M surprise medical bills

Fierce Healthcare

AHIP and BCBSA analysis finds new law prevented more than 2M surprise medical bills. rking. Thu, 05/26/2022 - 10:25

6 Benefits of EHR Software Integrated with A Medical Billing System

Electronic Health Reporter

Medical billing is process of handling and managing claims, processing payments, and generating revenue. The medical billing task is challenging and demanding too. But, it can be made easy by integrating the billing system with […]. The article 6 Benefits of EHR Software Integrated with A Medical Billing System appeared first on electronichealthreporter.com. Editorial Bit2Sky EHR Software Improve interoperability medical billing Rekha Patil

4 Key Barriers to Prevent Surprise Medical Bills

HIT Consultant

What You Should Know: A new AKASA survey highlight the challenges hospitals and health systems face when trying to prevent surprise medical bills. Impact of Surprise Medical Bills on Patients. Unexpected charges and surprise medical bills frequently haunt patients.

Payers, providers seek leeway on surprise medical bill ban going into effect in 2022

Fierce Healthcare

Payers, providers seek leeway on surprise medical bill ban going into effect in 2022. rking. Wed, 09/08/2021 - 17:13

Anesthesiologists accuse Blue Cross insurer of strong-arm tactics linked to surprise medical bill rule

Fierce Healthcare

Anesthesiologists accuse Blue Cross insurer of strong-arm tactics linked to surprise medical bill rule. rking. Wed, 11/24/2021 - 11:48

Addressing Challenges in Medical Billing

HealthStream

While much of healthcare is in flux, the importance of helping patients to understand their financial responsibilities remains constant. Effective communication strategies and processes remain the best way to optimize revenue cycle and collections

Will “Buy Now, Pay Later” Financing Help Health Consumers Pay Their Medical Bills?

Health Populi

The latest iteration/offering to help patients pay medical bills is the concept of “Buy Now, Pay Later,” or BNPL. Consumer financial advocates worry this could be yet another way to exacerbate medical debt.

3 in 4 Insured Americans Worried About Medical Bills — Especially Women

Health Populi

Without a health plan, an uninsured person in America is far more likely to file for bankruptcy due to medical costs, and lack access to needed health care (and especially primary care). In the U.S., being covered by health insurance is one of the social determinants of health.

Never-ending costs: When resolved medical bills keep popping up

Modern Healthcare

A bill one family considered paid wrongfully resurfaced, resurrecting painful memories. It’s a scenario that’s not uncommon but grievously unsettling

Not All Surprises Are Presents: Preventing Surprise Medical Bills under the No Surprises Act

McBrayer Law Blog

Posted In Hospitals , medical billing , No Surprises Act To address surprise medical costs for consumers, Congress recently passed an extremely complicated bill: No Surprises Act (“The Act”).

Medical Billing Company Owner Pleads Guilty to Failing to Pay $2 Million in Payroll Taxes 

Healthcare Compliance Blog

An owner and operator of three Missouri billing and claims processing companies has pled guilty to not paying over nearly $2 million in payroll and employment taxes over a four-year period.

New Michigan Law Prohibits Surprise Medical Billing

Health Law Attorney

Michigan recently enacted legislation intended to protect consumers from surprise medical billing. The law was enacted primarily to prohibit out-of-network health care providers from sending large balance bills to patients, however, the law also establishes a number of circumstances which limit the amount an out-of-network provider may charge patients. Below is a brief overview of key aspects of the new surprise medical billing law.

HHS Issues Interim Final Rule Regarding Surprise Medical Billing

Health Law Attorney

of Treasury, and the Office of Personal Management jointly issued an interim final rule regarding surprise medical billing. The interim final rule, entitled “Requirements Related to Surprise Billing: Part 1” (the “ Rule ”) may be accessed here , and will go into effect on September 13, 2021. Amongst other things, the Rule is meant to restrict excessive out of pocket costs to patients from surprise billing and balance billing. Recently, the U.S.

The New Year Brings New Protection Against Surprise Medical Bills: What Consumers Need to Know

Center for Health Insurance Reform

As we enter 2022, consumers are now protected from many of the worst surprise medical bills. Continue reading → The post The New Year Brings New Protection Against Surprise Medical Bills: What Consumers Need to Know appeared first on Center on Health Insurance Reforms. Health reform Implementing the Affordable Care Act air ambulance balance billing consumers out-of-network provider out-of-pocket costs surprise billing

Medical Bills Continue to Plague Consumers as Source of Anxiety, Mystery and Frustration

HIT Consultant

What You Should Know: – More than half (55%) of consumers find it stressful paying a medical bill, understanding their plan’s coverage and benefits (53%) or comprehending what they owe (53%), according to results of Cedar’s Annual Healthcare Consumer Experience Study.

Tools for Paying Medical Bills Don’t Help Health Consumers Manage Their Financial Health

Health Populi

The big gap in supply to patients vs. demand by health consumers is highlighted by what the arrow in the chart below points to: managing payments and paying bills. Patient-facing digital tools help patients with fairly basic tasks like making appointments, seeking doctors, and paying bills.

North Carolinian medical billing startup PatientPay lands $6.15M

Mobi Health News

The round was led by Mosaik Partners, and will be used to grow PatientPay's product line.

California Hospitals Expand Program Streamlining Billing and Payment Processes

Healthcare IT Today

A group of California hospitals has had such success with the initial run of its medical billing improvement process that it has expanded far more quickly than it had originally intended.

Price Transparency Puts Healthcare Consumers In The Driver’s Seat

Electronic Health Reporter

Editorial aequum LLC Christine Cooper healthcare price transparency Jack Towarnicky medical billingThis article is copyrighted strictly for Electronic Health Reporter. Illegal copying is prohibited. By Christine Cooper, CEO and member; and Jack Towarnicky, member, aequum LLC. Effective healthcare consumerism requires timely access to accurate provider and hospital fees and estimated out of pocket costs of services – before receiving […].