Many healthcare practices have no idea where to begin when considering Medicare reimbursements via the HITEC Act’s Meaningful Use program.Start the Verification Process at Stage 1: Electronic Health Records (EHR) Attestation is the first hurdle in qual …
From initial invoicing and review, through primary and secondary collection to patient invoicing and statements, Experics’ service is professional, seamless and timely. We believe that most of your uncollected revenue is tied-up within secondary and pa …
The 2012 Summer Release, which introduces seven major upgrades including our user-friendly Apple iPad® app was successfully deployed.
Experics’ service is seamless and timely. We know that a significant percentage of your uncollected revenue is tied-up within your secondary and patient balances and that it represents a large percentage, if not most, of your profit.
Accountable Care Organizations (ACOs) are beginning to figure prominently in our future health care equation and becoming a practical option over costly, fee-for-service medicine.
The examples of Singapore and Switzerland show that paying directly for one’s own care makes a big difference. The new Affordable Care Act flaw is that the law makes it harder for us to do so.
A small cardiac surgery practice in Arizona recently agreed to pay $100,000 in a HIPAA violations settlement with the Department of Health and Human Services.
The federal government has clarified the use by Medicare Part-B suppliers of electronic beneficiary (patient) signatures on required documentation
There can be some real benefits to using an outside medical billing service if you are an educated customer and choose the right company.
In order to determine if your practice will benefit from using an outside billing company, you should ask yourself why you are thinking about using a billing service, what benefits you would like to see and if there are any problems you are having that you want fixed.
We interviewed an in-house medical claims specialist at a private practice about what questions she would ask when hiring a professional billing service. The following are some excerpts from our conversation.
Recruiting and hiring productive sales representatives is an ongoing challenge that you shouldn’t attempt without a plan. In fact, it is critical to the success of your company to identify and hire the right people to represent your product or service. …
Your cash flow and profit could suffer For the balance of 2012 and continuing through 2013, you should expect to see ongoing increases in your patients’ out-of-pocket limits. The amounts you will have to collect directly from your patients for their d …
If you aren’t sure whether your Medical Billing Service is really working your claims and you don’t know how to find out, read this.
…most practices have a significant amount of potential profit tied up in unpaid patient balances. If you don’t collect this potential profit, it becomes a real loss.
Maintaining a positive cash flow is critical to your practice. A key element in accomplishing this is…
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Be cautious of companies that claim that they can increase your revenue without knowing anything about your practice.
…the government will pay for the 5010 and ICD-10 conversion and training if certain requirements are met.
5010 refers to the new data standard that is part of the HIPAA (Health Insurance Portability and Accountability Act). This new standard replaces the previous standard 4010 and sets the required data format to standardize electronic transmission of health care transactions.