The Revenue Cycle Blog
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Recruiting and Training the Best Medical Billing Talent
With changes in technology, a successful medical biller needs to understand (and be proficient) in using technology, applying deductive and critical thinking skills, and be an excellent communicator. Ideally, one should look for strong analytical, communication, and inter-personal skills in a medical biller
ED Coding Guidelines and Best practices
Emergency departments are fast-paced environments where care is delivered quickly depending on the patient's condition's criticality. Further, ED does not deal with one specialty per se. ED provides Medical services across specialties. It also requires close coordination of services from when a patient enters an ambulance or an ED facility to discharge, working with multiple clinical practitioners. Learn more about ED coding best practices in this guide from Medical Billing Wholesalers..
Case Study: Physician Education Resolves $37K BMI Diagnosis Claim Denials
Many Primary Care Physicians lose money because of lack of understanding of payer specific claims submission guidelines. Educating physicians on their documentation responsibilities is an iterative process, that requires an understanding of the reasons for claim denials, ability to nail-down the issues that are causing the denials, determining the corrective actions, and hosting timely sessions between the denials team and the physicians to discuss them.
Internal Medicine – Coding Best Practices Guide
Internal medicine can be defined as the medical specialty dedicated to the diagnosis and medical treatment of adults. With so many new codes introduced and trickier coding, claim denials have increased for many internal medicine practices. Keep your coding team updated with the latest best practices in internal medicine coding with this guide from Medical Billing Wholesalers.
Successful Physician Credentialing: A Quick Reference Guide
Physician credentialing is the process of obtaining, verifying, and assessing the qualifications of a medical practitioner to be able to provide medical services. Credentials are documented evidence of licensure, education, training, experience, or other qualifications of the medical practitioner. In this guide from Medical Billing Wholesalers, we bring you a few tips on successful provider credentialing.
Revenue per Encounter – The top revenue cycle metric
Revenue per encounter can be defined and computed by dividing net collections by the total number of patient visits in a given month. This metric can provide a quick view of the health of your revenue cycle. In this whitepaper from Medical Billing Wholesalers, learn more about how to calculate and increase Revenue per encounter.
Best Practices in filing Physician Assistant Claim enable Recovery of over $80 K in out-of-network claims
Recovering claim dues from payers for physician assistance claims requires intricate knowledge of payer-specific guidelines. Medical Billing Wholesalers’ denials research team helped the client identify and resolve out-of-network claims.
With a focus on recovering denials of PA claims from UHC and Oxford, we rebilled the claims after adhering to the payer-specific guidelines and were able to recover over $80K of A/R, while reducing the monthly denials from 73 to 11.
Medical Coding & Best Practices Guide - Podiatry
Podiatry billing can be complicated in many ways, beginning the need to determine and prove the medical necessity of the treatment, to the coding nuances. It demands meticulous use of modifiers and an understanding of coding for inclusive procedures. In this guide, MBW RCM bring you the guidelines & best practices to be followed to increase collections of your Podiatry practice.
Denial Management Infographic
Get the statistics for claim denials and strategies for preventing them in this Denial Management infographic from MBW RCM
Reimbursements for COVID-19 Treatments & Testing of Uninsured Individuals
As with all other industries, healthcare providers are facing financial challenges stemming from COVID-19. Getting reimbursements for COVID-19 treatments of uninsured individuals is complicated & requires healthcare providers to stay up to date with the nuances of the HRSA program for the uninsured. In this article we provide a consolidated view of everything one should know about the HRSA program for COVID-19 treatments of the uninsured.
How to Arrest Revenue Leakage in Medical Billing?
Inefficiency & carelessness in the revenue cycle stages can cause revenue leakage, which if undetected, could result in the loss of thousands of dollars. In this whitepaper, we bring you 10 things that you can implement to reduce revenue leakage in your practice. These best practices will help you improve revenue and reduce your costs.
The Increasing Acceptance of Telemedicine for Care Delivery in the Post COVID-19 Era
Telemedicine is gaining increasing acceptance as a direct consequence of the Coronavirus outbreak. The bigger question is if telemedicine will continue and possibly even grow post-COVID-19 or is this just a passing phase that has gained popularity out of necessity and will wane off. In this article, MBW brings you a list of reasons why Telemedicine is the new normal.
4 Reasons for Physical Therapy Claim Denials and Solutions
Denied claims are the type of claims that were received and processed by the insurance payer and a negative determination was made. It is no wonder that in Physical Therapy there are a greater number of denied claims compared to any other specialty. Read more about reasons for claim denials in Physical Therapy and ways to rectify them.
Mastering Physical Therapy Billing - Codes & Terminologies You should Know
Medical Codes and Terminologies are two essential things that a Physical Therapist should learn about. The Medical codes define the diagnoses, treatment, procedures, and medication used through the alphanumeric ICD-10 Coding System. In this article, we provide you a view of the physical therapy codes and terminologies.
Revenue Cycle in the Times of COVID-19 – Creating a Sustainable Financial Future
COVID-19 updates by the regulators are across the news today. With many physician practices choosing to operate remotely, and reduced patient visits to the outpatient department, the financial health of healthcare providers is now reeling under the shock of COVID-19.
World Health Day 2020 – Saluting the undying spirit and commitment of Nurses and Midwives
MBW RCM salutes the undying commitment of the medical fraternity across the world. We see our role as helping the healthcare systems improve the economics of healthcare enables caregivers to focus on what they do best, deliver high-quality care. On this day, renew and reaffirm our commitment to helping the medical community reduce administrative costs, and improve care delivery.
New CPT Code Released to report laboratory testing services that diagnose the presence of the novel Corona Virus
The unique CPT code will be used to report laboratory testing services that diagnose the presence of the novel coronavirus. This will help provide the data for analytics as testing to identify the incidence of the virus continues across the United States.
Revisiting the Basics: Understanding Medical Coding - Importance and Career Opportunities
Medical Coding is a key element of the revenue cycle and drives the communication between healthcare providers and insurers. In this article, we talk about the importance of medical coding and the career opportunities the field presents
Building your Medical Billing Company’s Brand – 5 things you can do
As Medical Billing Company Owners and Managers, you need to build and manage your company's brand, build the online presence, and manage your reputation. MBW RCM brings you a comprehensive guide on building your company's brand and digital presence.
Improving Days in A/R: A Best Practices Guide to Optimize Your Revenue Cycle
Improving days in A/R to MGMA benchmark of fewer than 40 days requires a comprehensive relook at the entire revenue cycle and concerted efforts to improve. In this article, we bring you insights on how to reduce the number of days in AR.