by Medical Accounts Systems | Sep 24, 2018 | health insurance collections, Healthcare Revenue Cycle Management, medical debt collection
Healthcare providers are in for potentially billions of dollars in annual savings thanks to a recent CMS proposed rule that would cut down on administrative load. The savings would result from the simplification and streamlining of Medicare’s conditions of...
by Medical Accounts Systems | Sep 18, 2018 | Healthcare Revenue Cycle Management, hospital bad debt
Patient financial responsibility continues to increase, comprising a greater part of healthcare revenue. With patients causing a shift in a provider’s revenue sources, hospitals and practices alike must evaluate internal patient collection strategies, so providers can...
by Medical Accounts Systems | Sep 13, 2018 | Healthcare Revenue Cycle Management, medical revenue cycle
When patients are unable to pay their bills, the repercussions tend to be far and wide, affecting clinical laboratories for example. Medical laboratories that are already federal value-based payment program compliant may face a greater amount of pressure from patients...
by Medical Accounts Systems | Sep 11, 2018 | health insurance collections, Healthcare Revenue Cycle Management
Close to ninety percent of consumers who participated in a survey stated they are confident in their physician’s health data security, yet significantly fewer feel the same when it comes to health insurance companies and pharmacies. This confidence in data security...
by Medical Accounts Systems | Sep 6, 2018 | Healthcare Revenue Cycle Management, medical payment systems
The process of patient collections has evolved considerably from the early days of simply collecting co-payments and sending out billing statements. Both providers and staff must adapt their business practice to maximize reimbursement from health insurers as well as...
by Medical Accounts Systems | Sep 5, 2018 | Healthcare Revenue Cycle Management, hospital extended business office
Smartphones provide a great way for physicians and healthcare professionals to communicate with each other. With the ease of today’s modern communication methods, the possibility of running into a HIPAA violation increases dramatically. As a healthcare professional,...
