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Medical Billing Analysis Blog Posts

Seven Common Medical Billing Myths that are Costing Your Practice

Patrick Dougherty

If you fail to get paid for the services and procedures rendered by your medical practice, all the effort you spend treating patients won’t keep your practice afloat. Unfortunately, according to Healthcare Finance, out of the $3 trillion plus in medical claims submitted each year, around $262 billion in claims get denied, which can do a number on your bottom line. And even when claims are recoverable, appealing claims comes with its own costs that hack into your profit margins.

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Topics: medical billing service, medical billing analysis

Medical Auditing Can Help Increase Profitability

Patrick Dougherty

Nearly every medical practice faces auditing from governmental agencies like the CMS. An equally important auditing process, however, is one that your medical practice takes on itself. 

Medical Auditing Explained

The main reason to perform a medical audit is to improve the financial health of your medical practice. An audit evaluates medical codes selected for diagnosis and procedures to ensure that they are supported by documentation from the physician. Any weaknesses revealed identify training opportunities that can be applied to your medical team

Second reason for medical practice owners and administrators to perform an audit is to make sure  deliver the highest quality health care to patients, your medical team must rely on patient health records. Ensuring that this documentation is complete, accurate and clear is the purpose of engaging in a medical audit. It serves to highlight those areas that need to be corrected and/or improved. 

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Topics: Medical Billing Audits, medical billing analysis

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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