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Claims Denial Management: Challenges Impacting Collection

Claims Denial Management: Challenges Impacting Collection

Submitted by • about 2 weeks ago

www.medisysdata.com - The denial management process is important for successful revenue management and the purpose of the process is to investigate every unpaid claim as well as identify the trends of one or several insurance providers and appeal for the denial based ...

How Can You Improve Your AR Collection?

How Can You Improve Your AR Collection?

Submitted by • about 2 weeks ago

www.medisysdata.com - Though your practice is small or big, you likely to know that cash flow management are an essential for your practice’s long-term survival. You may not realize that improperly managed AR (Account Receivable) is one of the most common causes ...

How To Achieve Highest Clean Claim Rate?

How To Achieve Highest Clean Claim Rate?

Submitted by • about 2 weeks ago

www.medisysdata.com - Do you have any idea about your practice’s clean claim submission rate? If you don’t know then you need to know and if it’s not highest means if it’s not at least above 90 to 95% then you need to ...

How To Implement Value-Based Reimbursement?

How To Implement Value-Based Reimbursement?

Submitted by • February 27, 2020

www.medisysdata.com - Value-based reimbursement implementation can reduce cost. But due to lack of data access, risk based products and no standardization delays this process.Spending in US in healthcare is unsustainable. National healthcare cost to total $6 trillion by 2027 predicted by CMS, ...

QPP (Quality Payment Program) Successfully Completed 1 Year

QPP (Quality Payment Program) Successfully Completed 1 Year

Submitted by • February 14, 2020

www.medisysdata.com - 91 percent of all clinicians are eligible for the Merit-based Incentive Payment System (MIPS) participated in the first year of the Quality Payment Program (QPP). This exceeded the goal of CMS with 90 percent participation. The submission rates for Accountable ...

Thorough Billing Assessment To Increase Reimbursement

Thorough Billing Assessment To Increase Reimbursement

Submitted by • February 5, 2020

www.medisysdata.com - The revenue cycle begins eligibility verification means patient’s insurance verification and ends when the patient’s account reaches a zero balance. A proper billing assessment should consider all steps involved in this process. If you start looking from bottom to top ...

Healthcare Spending To Rising By 5.5% Annually In The USA

Healthcare Spending To Rising By 5.5% Annually In The USA

Submitted by • August 3, 2019

medisysdata.com - National health expenditures are projected to grow at an average annual rate of 5.5 percent for 2018-27 and represent 19.4 percent of the gross domestic product in 2027. Following a ten-year period largely influenced by the Great Recession and major ...

Benefits Of EHR In Cardiology Billing In The USA

Benefits Of EHR In Cardiology Billing In The USA

Submitted by • June 22, 2019

medisysdata.com - Many cardiologists in the United States are yet to implement a cardiology specific EHR in their facility as they fear that the system may slow down in their busy practices.  Nevertheless, there have been excellent developments in specialty EHR.  Cardiologists ...

Top Telehealth Questions And Answers

Top Telehealth Questions And Answers

Submitted by • March 9, 2019

medisysdata.com - An open and well-designed telehealth software application may make virtual visits with your patients seems simple. Telehealth is a very easy and innovatively new way to treat your patients online. We have listed some top telehealth questions and answers which ...

Outsourcing Billing Optometry: What You Need To Know

Outsourcing Billing Optometry: What You Need To Know

Submitted by • January 4, 2019

medisysdata.com - When it comes to managing something as important as the insurance claims in your optometry practice, many people can be defensive of the process because it is tied directly to their revenue cycle. As a healthcare facility owner, it’s good ...