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Common Reasons Medical Claims Get Rejected.

Neeraj Jain

What's your claims denial rate? Some of the most recent benchmarking data for family practice groups suggests an average of 5 to 10%, while the AMA found that Medicare rejects roughly one in 20 claims. No matter where you fall in the denial rate spectrum, however, denied claims leave cash on the table that can impact your profit margin significantly if they aren't managed properly. 

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Topics: Medical Coding

5 Ways Medical Billing Services Can Help a Practice Grow

Patrick Dougherty

What do medical billing services do better than an in-office staff?

An end-to-end medical billing service company can handle a practice’s coding and billing tasks as well as claims follow-up with all the insurance carriers. They may offer additional services, such as analysis of a practice’s overall billing needs, new payers credentialing and compliance status, or even marketing and branding. In small practices, back office staff may be overworked meeting billing deadlines as well as needing to perform insurance verification as well as patient-related duties.

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Topics: Medical Billing

How to Measure Medical Practice Financial Health?

Patrick Dougherty

You could ask 10 different medical practice owners, administrators and executives and get 10 different answers about which are the most important financial Key Points Indicators (KPIs) to monitor your practice's financial health. Top performing practices surveyed recently, however, were found to track the following metrics on a monthly and annual basis:

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Topics: Medical Billing

Information Medical Practices Should be Tracking on a Regular Basis

Patrick Dougherty

Whether you manage a small physician practice or work with a large group, financial dashboards are the lifeblood that help you:

  • Develop attainable goals
  • Measure progress
  • Forecast future performance
  • Identify trends and areas of opportunity for growth
  • Give guidance to providers and staff to help them achieve practice goals
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Topics: Medical Billing

10 Best Tips for Marketing Your Medical Practice

Patrick Dougherty

Marketing isn’t just for big corporations with their own department dedicated to planning strategies and campaigns – it also applies to smaller medical practices as well. Read on for ten of our favorite tips for making your marketing efforts a success:

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Topics: Medical Practice Marketing

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.

Established in 2002 by a group of physicians, we are a national provider of medical billing services to group practices, clinics, and individual physicians. We also specialize in provider credentialing, payer contract reviews and medical coding for a wide range of clients - from solo practitioners to multi-site, multi-specialty practices. 

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