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 […]
Choosing to outsource medical billing is highly important for any anesthesia practice. Choosing the right anesthesia billing company is just as important. The company you choose to handle your medical billing – your source of revenue – is one of the most critical decisions a practice will make. After all, the financial health of your […]
Owning a pain management or physical therapy practice is a rewarding experience because you provide a much-needed service to people who are in dire need of the rehabilitative services you offer. After all, an estimated 108 million people develop a musculoskeletal injury or chronic pain that can linger for longer than three months, and many […]
Outsourcing your medical billing and coding can be a great choice for your practice. The fact that you can expect an immediate 5 to 15% increase in the amount you collect may be enough to make you choose outsourcing over in-house billing. However, if you are still on the fence, Medical Business Management wants to […]
What is ICD-10? ICD-10 stands for the International Classification of Diseases, 10th Revision. It is a revision of ICD-9, which is the system currently being used by physicians to code all symptoms, diagnoses, and procedures. ICD-10 is set to go into effect on October 1, 2015. Because ICD-9 is over 40 years old, this is […]
