mike

Top-10-Strategies-to-Improve-Medical-Billing-and-Coding-Errors

Top 10 Tips for Your Medical Billing Audit Checklist

A medical billing audit checklist is a powerful tool for healthcare providers, helping them assess accuracy, compliance, and efficiency in their billing practices. By identifying anomalies, reducing claim denials, and optimizing revenue cycle management, these audits are key to improving financial performance. With a focus on HIPAA and Medicare compliance, medical billing audits not only […]

Understanding-Cardiology-Medical-Billing-Essential-Codes-and-Compliance

Understanding Cardiology Medical Billing – Essential Codes and Compliance

Cardiology billing keeps cardiology practices afloat by getting life-saving therapies reimbursed. Cardiology treatments cost roughly $555 billion in U.S. healthcare spending annually, therefore correct billing and coding are essential to maintaining a revenue cycle and avoiding claim denials. The importance of precise coding goes beyond financial health to compliance. AMA says almost 30% of medical

The-Importance-of-Revenue-Code-in-Medical-Billing-A-Comprehensive-Guide

The Importance of Revenue Code in Medical Billing – A Comprehensive Guide

Medical billing is necessary but tricky because it makes sure that services are properly recorded, paid for, and shared between doctors and insurance companies. Medical billing accounts for 20% of a hospital’s revenue cycle costs. Revenue codes are commonly overlooked in this procedure. These key codes, standardized by the American Medical Association (AMA) and other

Everything-You-Need-to-Know-About-Insurance-Credentialing-How-Long-and-Why-It-Matters

 Everything You Need to Know About Insurance Credentialing –  How Long and Why It Matters

Insurance credentialing is necessary for obtaining Medicare reimbursements and to make certain that patients have separation of insurance paid services they require. Having knowledge about credentialing is important for maintaining revenue sources in focus for now, as Medicare covers 20% of the total healthcare consumption in the United States. In 2022, approximately 70% of healthcare

Improving-Denial-Management-in-Revenue-Cycle-Management-Strategies-and-Best-Practices

Improving Denial Management in Revenue Cycle Management – Strategies and Best Practices

Healthcare organizations need financial stability more than ever in the modern world. About 9% of healthcare claims are initially denied, costing providers $25 per claim to rework. Additionally, 65% of denied claims are never resubmitted, resulting in significant revenue loss. Effective denial management is identifying, assessing, and resolving denied insurance claims is key to addressing

Dental Procedure Codes

How Dental Procedure Codes Simplify Billing and Insurance Claims

Dental billing practices rely heavily on dental procedure codes to classify and define dental procedures. The Current Dental Terminology (CDT) codes system, established by the American Dental Association (ADA), plays a major role in simplifying billing and promoting healthcare industry standardization. As of 2023, there are over 700 CDT codes used across various dental procedures,

Exploring ICD-10 Dental Billing Codes

Managing dental insurance claims without a system would be chaotic and confusing, and important care would be postponed! Here come dental billing codes. These codes are necessary for correct invoicing, treatment documentation, and fair reimbursement.  Over 50% of dental claim denials are due to erroneous or incomplete coding, which slows reimbursement. Dental billing codes simplify

laboratory icd 10 codes​

How to Use Laboratory ICD-10 Codes Effectively – Tips for Lab Technicians and Coders

Accurate coding is essential, especially when it comes to medical billing and coding. At the heart of this process is ICD-10 codes—the International Classification of Diseases, 10th Revision—which group everything from diseases and their symptoms to medical treatments. These codes are key to ensuring that clinicians can communicate precise diagnostic information to insurers and other