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What Practice Needs to Know About Medical Coding Changes in 2020

Harold Gibson

Once the new year arrives and the holidays pass, you’ll need to settle into a new routine and get back on track after a chaotic but fun holiday season. A new year means a fresh start in many ways, and coding is no exception. American Medical Association (AMA) recently released medical coding changes in 2020, your practice should be aware of these changes and be ready to respond and comply as needed.

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Topics: Medical Coding Changes in 2020

Six Reasons to Outsource Medical Billing Services in the Year 2020

Patrick Dougherty

With the new year quickly approaching, as well as a brand-new decade, now's a good time to reassess the systems your medical practice has in place. One of the most common services that every clinic has is also one that lends itself to being outsourced: medical billing services. Still not sure if outsourcing this often-complex and highly-necessary service are right for your medical practice? Here are six advantages you'll enjoy if you do so:

1. Reduce Employee Turnover

Is your practice is one of the many across the United States that doesn't have the room in your budget to support a billing office, but you don't see another solution? If so, it's likely that you also experience higher turnover than you'd like to see in that department. This costs you time and resources to recruit and train another member of your staff. Outsourcing medical billing and coding -- which can range from highly-technical tasks to those that are tedious -- pass that challenge on to a company that focuses solely on it.

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Topics: medical billing service, medical billing company, outsourcing medical billing service

Setting Goals Will Make Your Small Practice More Competitive in 2020

Harold Gibson

As too many patients and their healthcare providers can tell you, with regard to quality healthcare, bigger doesn’t always mean better. With an increasing number of smaller practices being gobbled up by larger facilities, to the tune of  5,000 independent practices within just a year, how does a practice remain independent while increasing profitability? With the focus now from CMS and others on value-based care, a golden opportunity awaits independent providers to offer a more personalized, healthcare experience than what might be expected from a larger facility.

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Topics: medical practice goals 2020

Medical for All: Implications for Providers and Patients

Patrick Dougherty

In recent years, there has been the increased recognition that the US healthcare system has become a hodge-podge of both private and public coverage options for patients, as well as a billing and reimbursement nightmare for many providers. As a candidate in the 2016 presidential election, Senator Bernie Sanders of Vermont promoted the concept of “Medicare for All” which proposed to offer the general citizenry roughly the same coverage currently available to older Americans.

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Topics: Medicare for All, Single-Payer Healthcare

5 Ways to Prevent Claims From Being Denied and Improve Collections

Patrick Dougherty

Getting claims paid in a timely manner and as efficiently as possible is vital to the strength and longevity of your medical practice. According to some estimates, it costs medical providers an average of $6.50 to file each claim with an average of 5 to 10 percent of these being denied. When claims are re-submitted, the cost to do so jumps as high as $118. Up to 65 percent of denied claims are never even re-submitted at all. 

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Topics: medical claim denials, claim denials

About this blog

A place for physicians and other healthcare stakeholders to share and discover information about everything related to running efficient medical practices.

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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