Now, more than ever, medical providers are facing pressure to focus on the business side of their practices in order to remain profitable – or, in many cases, just to keep the doors open. Once considered an annoying distraction from more important clinical work, escalating practice management and clinical efficiency/documentation issues have sent providers scrambling … Continued
In this guide we’ll explore what it will require to transition to ICD-10 CM/PCS. This tremendous effort can incur incredible cost for private health care organizations. The root of the issue, as we have recently learned from the HIPAA Format 5010 transition, goes much deeper than merely upgrading billing staff acumen. It stems from legacy … Continued
Market analysts estimate that the U.S. Healthcare System is so inefficient that 24 cents out of every dollar are wasted on administrative and billing expenses. This article discusses why outdated office technology and software can impact the bottom line with inefficient billing processes and superfluous administrative expenses.