Half of All Insurance & Medical Billing Costs Are Excessive

According to a recent report by the Center for American Progress, U.S. healthcare providers and payers spend $496 billion on medical billing and insurance costs, and half of these costs are excessive. The brief lays out the components of the administrative costs, estimates how much those costs are, and then argues how the U.S. can seek…


Technology: The Cause & Solution For Physician Burnout

Physician burnout is by now a well-known and often discussed problem in healthcare. Physicians who were once masters of the exam room are now mastered by their technology, and it is leading to increased levels of burnout and widespread dissatisfaction. Half of all physicians have experienced some form of burnout, and most people attribute this burnout to…


40% of Healthcare Execs Only Discuss Charge Capture Once Per Month

How often does your executive team discuss charge capture? 78% of healthcare executives agree that charge capture is essential to their business, yet 40% only discuss charge capture once per month or less. Charge capture is the process through which healthcare providers get paid for their services. Accurate and complete charge capture is the basis of the…


3 Revenue Cycle Metrics to Track Right Now

How are you tracking the health of your revenue cycle? Most practice managers like to keep track of their denial rate and their days in A/R, which are good metrics to track. However, if those are the only metrics you are tracking, that’s not enough. Powerful data tells you more about what is happening inside…


The 4 Types of Interoperability According to HIMMS

Interoperability is continually talked about in healthcare. We still have a long way to go, but the more we collaborate and work together to achieve interoperability, the closer we get. HIMMS recently redefined interoperability. This new definition is meant to incorporate more than just the technical aspects of interoperability. Their new definition of interoperability includes four…


Avoid These 4 Pitfalls When Selecting Revenue Cycle Software

You know you need technology to improve your revenue cycle accuracy and productivity. The problem is deciding which product will be most beneficial to your practice. Revenue cycle software is a huge investment for your practice, so it’s not a decision to take lightly. Many practices make several key mistakes when considering purchasing revenue cycle…


The Hidden Cost of Chasing Clean Claims

Every practice manager has an idea of the cost of denied claims. It costs staff time to rework the denied claims, and the denied claims that never get resubmitted are obvious lost revenue. This is why many practice managers have a strong focus on claim accuracy and preventing denied claims. Focusing on keeping a low…


Portrait of a U.S. Physician

What does it look like to be a physician in the U.S. today? A survey by The Physician’s Foundation paints a bleak picture. According to this survey, physicians are overworked, experiencing burnout, and have low morale. https://www.statista.com/statistics/397863/doctors-portrait-in-the-us/ 3 Revealing Statistics: 80% of physicians feel their workload is at capacity or overextended The majority of physicians…


Smart Strategies for Patient Engagement & Payments

In today’s healthcare market, patient engagement is critical to the success of your medical practice. Healthcare is slowly becoming a consumer-driven market, and in order to continue growing, healthcare leaders need to focus on cultivating a consumer-focused culture. Listening to the needs of your patients and providing convenient options for them will keep them engaged,…


Remote Patient Monitoring CPT Codes You Need to Know

Remote Patient Monitoring (RPM) and Telehealth services continue to grow. There are even more technological advancements today than ever before to provide healthcare services remotely to patients. As this continues to grow and evolve, physicians will want to know how they can be paid for these services. In the past, telehealth services were only billable…


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