Medical Billing, Coding and Documentation Services

7 Things Every Practice Should Remember About Medical Billing

Posted by Harold Gibson on Thu, Dec 11, 2014

Billing and collecting payments from insurance payers can be a long and complicated process. It helps if you know where issues usually arise, so you can avoid making those same common mistakes. To simplify things, we're laying out the seven things every practice should remember about medical billing:

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Tags: Medical Billing

The 6 Major Differences Between ICD-9 and ICD-10 Codes

Posted by Harold Gibson on Tue, Dec 09, 2014

The Department of Health and Human Services (HHS) recently announced that ICD-9 codes will be replaced by the newer ICD-10 codes beginning October 1, 2015. To be ready for the change, your office should begin preparing for the switch right now. To help you do this, we have put together a short list of things that you shouldn’t miss. Here are the 6 major differences between ICD-9 and ICD-10 codes you should know in order to simplify your switch to the new system.

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Tags: ICD-10

The 7 Credit Granting Policies All Medical Practices Should Implement

Posted by Harold Gibson on Thu, Dec 04, 2014

In order to minimize the time and energy spent on past-due account collections, your practice should start by creating a credit policy. Large corporations use strictly enforced guidelines for whom to grant credit to, and these practices can greatly impact the amount of bad debts that must be written off over a year. Small companies, particularly medical practices, can benefit from creating similar policies for their extensions of credit. This will help minimize your practice’s losses and will help to bolster your overall profitability.

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Tags: Medical Documentation

What Is Charge Validation And Is Your Practice Using It?

Posted by Harold Gibson on Tue, Dec 02, 2014

Efficient medical billing procedures are crucial to running a successful and profitable practice. One way to reduce errors and improve efficiency is by using charge validation, a process that helps discover medical necessity concerns and implements proper channels. Charge validation can drastically improve and amend documentation, thus making your medical billing process much more seamless.

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Tags: Medical Billing

3 Tips to Increase Practice Revenue

Posted by Harold Gibson on Thu, Nov 27, 2014

Keeping an eye on collections and payments is essential for any organization, particularly for those in the medical field where financial regulations have substantially diminished profitability. It can become increasingly difficult for a company to exist when records are not updated in a timely manner. We at M-Scribe are convinced we can help change things for you by providing a few reasons practices should be regularly sending invoices and statements. This should give some insight into how monitoring activities and the practicing of certain other procedures can help with the success of your company. 

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Tags: Medical Billing

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