Remove Article Remove Best Practices Remove Insurance
article thumbnail

How to Streamline Your Medical Claims Management Process for Better Results 

CollaborateMD

With this in mind, it’s no wonder that efficiency and accuracy in the claims management process are not just goalsthey’re vital for a practice’s longevity and financial health. In this article, we’ll dig into this complex process to discover the top claims management challenges and reveal the costs to practices.

article thumbnail

A Complete Guide to Medical Insurance Credentialing 

CollaborateMD

Whether you’re a physician starting a practice or a healthcare provider working to expand patient access, getting medical insurance credentialing is vital. RELATED ARTICLE: Optimizing Insurance Payer Reimbursement with RCM Services What is Medical Insurance Credentialing? Let’s dive in.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Proactive denial management: A revenue game changer for small practices

Medical Economics

© Stuart Miles - stock.adobe.com Denied claims rarely make headlines, yet they chip away at small practices’ revenue. Why denials are draining small practices When it comes to a small practice’s typical financial outlook, it’s clear that unresolved denial claims are common yet costly.

article thumbnail

Seamless Electronic Health Record Integration: The Key to a Streamlined Practice and Better Patient Outcomes

CollaborateMD

CollaborateMD automates front- and back-office processes like insurance verification, claims submission, and denial management, which are often time-consuming and error-prone when done manually. These automations cut administrative time and allow staff to focus on patient care rather than duplicate data entry.

Billing 52
article thumbnail

Your Billing Assistant: Using Artificial Intelligence for Medical Billing 

CollaborateMD

Then review best practices in implementing AI into medical billing. An analysis by KFF found that insurance denial rates could be as high as 49%. It provides insight into practice billing, preventing missed charges, and improving charge predictions. Explore the benefits and challenges associated with the technology.

Billing 98
article thumbnail

CPT Codes for Psychotherapy

Valant

These standardized codes ensure proper reimbursement and streamline the billing process for insurance companies and healthcare providers. They are used for billing purposes and help insurance companies determine appropriate reimbursement rates for different types of therapy sessions. What are CPT Codes for Psychotherapy?

Billing 59
article thumbnail

HIPAA Update to Include Cybersecurity Requirements for Health Care Organizations

Pulmonology Advisor - Practice Management

An update to the Health Insurance Portability and Accountability Act (HIPAA) Security Rule is now underway with new cybersecurity requirements. In addition, the Department of Health and Human Services (HHS) is issuing new guidance for health care providers to help better prepare them on how best to respond to cyber threats.

HIPAA 108