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The growing importance of physician practice management strategies in your practice

Streamlined workflow is not natural. It is earned. With so much happening in all the departments, it becomes important to make the most effective use of time and effort. Streamlining operations is crucial from a patient-experience point of view which must be hassle-free and efficient. Billing is one department whose efficiency makes the most difference in your practice. Outsourcing to Physician Billing services can make things easier and much more efficient for you.   What is physician practice management? It is a management service organization that oversees your non-clinical tasks, including the financial aspects of medical billing, ancillary service department, IT, marketing, and staff management.   Why do you need a physician billing service?   It is difficult for a medical person to ensure the appropriate care to the patient and also perform administrative tasks as well. Frankly, it is a lot to ask for a person with little or no experience in front-des...
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Accounts receivable & denial management

  Medical billing  requires several steps, and the claims determine the practice’s profitability. Claim denials have become a matter of concern over time and can bring a huge negative impact on efficiency and cash flow. When claims are earned and received on time, profits are all that matter, but if they are denied, they can be a major source of loss. To avoid the flaws, it is very important to bring efficiency and usefulness in the  accounts receivable & denial management  process to let the practices survive and work with profits. But this leads us to first understand the flaws and the process of eliminating them. Only the elimination can help in effective management. 1. Communication issues Lack of knowledge is the biggest enemy and brings multiple issues. Irregular follow-ups, multiple calls on the same issue, etc. AR needs deep understanding and solutions that can be: Regular training of the team for deep understanding Assign callers for the individual purpo...
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3 common Cardiology Billing Challenges

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Cardiology in itself is a very complex field. As a cardiologist, there is a need to constantly keep a check on your patients and no mistake can be tolerated in this profession. You have to take your work seriously and efforts should be made to satisfy the patient by taking care of his heart and body in the best possible way. It can get overwhelming for cardiologists when they have to manage different things on their own. All the aspects require equal attention and should be handled well whether they are related to the patients or not.  There is a need to manage your cardiology practice efficiently so that the things don’t get messed up and the focus is not diverted from patients to anywhere else. One big challenge in cardiology is - Medical Billing. It includes collecting and documenting the patient’s medical records. The entire billing process is challenging and involves many steps to be performed. But there are cardiology billing service providers who automate the entire process...
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