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Assess Medical Billing Services Performance Audit in Medical Practices

Neeraj Jain

Your billing performance is one of the most important metrics to measure your practice's overall financial health. Unfortunately, in many practices, not as much attention is given to billing and collections as to big picture numbers like revenue and provider productivity. 

But your collections numbers show you how effective your billing department is in getting you reimbursed for the services you provide, and you should be looking at them on a monthly basis. Whether your manage billing in house or contract it out to a service, here's what you should be doing to assess your billing performance and audit your collections efforts. 

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Topics: Medical Billing

Patient Communications for a Medical Practice

Patrick Dougherty

As the health care landscape shifts from a volume-based payment model to a value-based one more focused on wellness and quality of care, the communications dynamics have shifted, as well. In the past, communications focused almost exclusively on administrative and "housekeeping" tasks, such as making and confirming appointments, requesting medical records, and addressing payment issues, and the telephone was the true office portal. 

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Topics: Medical Practice Marketing

Why Medical Practices Need Cyber Insurance

Patrick Dougherty

With the government’s emphasis on the use of electronic health records (EHR) by health care providers, and more medical practices are dealing with not only installing but maintaining expensive new billing and practice management systems. With EHR, however also come new security concerns, raising the need for cyber insurance.

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Topics: Medical Practice Marketing

How a Medical Billing Company Measures Office Financials - Part 2

Neeraj Jain

In a previous post, we looked at three reports every practice should run to stay on top of financial performance: The accounts receivable aging report, the payer mix ratio, and the gross and net collections ratio reports. Now we'll look at three more metrics that give deeper insight into your group's financial health. These reports can be tweaked for your particular practice and specialty, but the broader picture is useful for measuring your overall performance. 

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Topics: Medical Billing

The proposed MACRA rules: a breakdown for providers

Patrick Dougherty

The proposed MACRA rules: a breakdown for providers

What is MACRA?

The Medicare Access and CHIP Reauthorization Act, passed by Congress in April, 2015, to put it simply, was intended to replace the Sustainable Growth Rate (SGR) Formula with new ways of reimbursing physicians for Medicare Part B health care. MACRA will reimburse participating doctors based on the quality of care, not volume, as with the current fee-for-service system. It’s important to note that the Act only applies to physicians, not hospitals, nor is Medicaid included.

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Topics: Medical Practice Revenue

About this blog

A place for physicians and other healthcare RCM stakeholders to share and discover information about everything related to medical billing and ways to increase revenue.

Founded in 2002, M-Scribe is a full service Revenue Cycle Management (RCM) Company. We provide all types of claims billing services integral to healthcare delivery system.

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