The rising cost of healthcare across the board has made patient collections even more crucial than they already were. Practices and providers across the country have had to deal with difficulties ensuring all their payments are collected in full and on time. This has resulted in cash flow problems for many, problems that largely can […]
What’s one new symptom that has stricken doctors all across the country? If you said anxiety, you’d be correct. But it’s not just anxiety over the everyday challenges of being a practicing physician. It specifically has to do with one new change in the industry: ICD-10 coding. Starting on October 1, physicians and providers in […]
Blue Cross and Blue Shield of Alabama has issued an important statement updating procedures for anesthesia billing. Effective 12/28/2015, reimbursement for Anesthesia CPT Codes 00810 and 00740 will be based on a fixed fee instead of time. 00810 bills at $275 and 00740 bills at $248. Here is the complete statement from BC/BS. Currently, when […]
For your practice to remain successful, all charts must be coded and billed on time. Incomplete and denied claims put a delay on collecting your accounts receivable. With unexpected mishaps, you cannot always find extra time and experience internally. The most effective way to improve accounts receivables efficiency is to eliminate denials through outsourced medical […]
In only a couple months, the United States will be transitioning from ICD-9 to the new ICD-10 regulations. The new coding system will improve the quality of data and allow physicians to get reimbursed more efficiently. Updates include more specific procedural codes and diagnostic codes, making it easier on healthcare organizations. Many fear that productivity […]
Denied claims by insurance companies are almost inevitable. Don’t let insurance companies take advantage of your practice. There are different reasons claims may get denied. Read more to discover why your practice’s claims may be turned down - and can a medical billing company can help with that. Reasons Claims Get Denied If you wait […]
Blue Cross Blue Shield of Alabama recently released new guidelines for surgical procedures and Monitored Anesthesia Care (MAC). These new guidelines are geared towards Gastroenterologist and MAC sedation with endoscopies and colonoscopies. As you are probably aware over the last few years there has been a large increase in utilizing MAC for these procedures. BCBSAL’s […]
The US Department of Health and Human Resources has announced that the ICD-10 (International Classification of Diseases) compliance date has moved from October 1, 2014 to October 1, 2015. The ICD-10 regulations will change coding for all physicians and offices, and therefore, it is important for your business to be prepared. Here’s more on the […]
In-house billing has both its pros and cons. With in-house billing, there is an inherent trust that your employee has your practice’s best interests at heart and therefore will handle their job with a sense of care and responsibility. You hope that he or she is dedicated to their work and that they have a […]
With the rollout of ICD-10 right around the corner, there are many concerns about the impact it will have on medical practices and physician reimbursements. Medical Business Management is prepared for the October changeover and we want to share a few facts with you about the new coding system. #1 ICD-10 Will Lead to More […]
