The term "revenue leakage" refers to a missed chance to collect income from your practise. Denied claims, piling accounts receivable claims, unbilled procedures, credentialing-related denials, underpayments, unbilled claims and unpaid patient balances can all cause revenue leakage. Medical billing and revenue leakages can result in considerable losses for any healthcare practise due to...
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What Are Write-Offs in Medical Billing
Are you wondering what write-offs in medical billing mean? Write-offs refer to the sum the provider must deduct from his accounts. Contractual write-offs and adjustments are two types of write-offs. The excess of the invoiced amount over the carrier's permissible amount is wiped off as a contractual write-off. Each carrier's...
Offshore Medical Billing – All You Want to Know!
Medical billing involves back-end responsibilities such as creating patient bills, submitting claims, resolving billing errors or optimizing cash flow, interacting with insurance companies, which cost time, effort, and resources, diverting attention away from patient care and concern. Are consistent billing errors or late reimbursements plaguing your practice? Offshore medical billing...
Importance of Accurate Payment Posting in Medical Billing
Payment posting in medical billing is one of the most typical issues faced by majority of healthcare providers. Payment posting is a basic stage in medical billing, yet it is the most critical and fundamental step in medical billing services and in the revenue cycle management. It assists a practitioner in...
5 Common Telehealth Billing Challenges
Since the outbreak of COVID, the usage of telehealth services has exploded as a viable means of accessing and delivering care. From expanding the types of cases, to a rapidly growing number of digital devices that cover multiple patient care needs, the telehealth business continues to extend its range of...