by Medical Accounts Systems | Dec 5, 2018 | health insurance collections, Healthcare Revenue Cycle Management
The Health Insurance Portability and Accountability Act (HIPAA) was established in 1996 as a means of protecting the sensitive health information of patients when they switch jobs. It wasn’t until 2003 that the Department of Health and Human Services (HHS) introduced...
by Medical Accounts Systems | Oct 9, 2018 | health insurance collections, Healthcare Revenue Cycle Management
Prior authorizations (also known as prior approvals) are utilized by payers for the purpose of controlling costs and making sure members are only receiving care that’s medically necessary. Part of the process involves requiring providers to acquire advance approval...
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 | Aug 14, 2018 | health insurance collections, Healthcare Revenue Cycle Management
In today’s world where business is largely done via computers and mobile devices, many healthcare professionals still rely on increasingly antiquated methods when it comes to their medical billing. Yes, we’re talking paper. This begs the simple question: why? A HIMSS...
by Medical Accounts Systems | Jun 19, 2018 | Healthcare Revenue Cycle Management, hospital bad debt, medical debt collection, Physician Reimbursement
In any company or industry, implementing best practices can dramatically boost efficiency and productivity. Revenue cycle management is a perfect example and by simply taking into account a couple of simple yet fundamental steps, there are significantly better odds of...