Healthcare billing services have been dealing with unforeseen labor shortages since before the pandemic. But the situation has spiraled further, with the pandemic affecting their daily workflow management. A report from EMSI, according to surveys done from 2019 to 2020, ...
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Medical billing companies build and maintain their reputation in the revenue cycle management industry with proven success models and repeatable procedures. Account receivables with age greater than 30 days prove to be challenging to retrieve. Healthcare organizations with in-house billing ...
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What makes it challenging to analyze payment variances for billing in healthcare? Did you know there might be various causes, and they typically land in two major categories? The first category includes a payer updating their payment system to account ...
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Do you think healthcare professionals are precise in their hospital medical billing? As per records, they have lost around $323.1 billion in 2020. It looks like quite a considerable sum! US healthcare providers are confronting high financial strain, and it ...
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Does automation & outsourcing work efficiently for the medical billing revenue cycle? The medical billing revenue cycle has been a complex and complicated process in the healthcare industry, but automation and outsourcing offer distinct solutions for efficiency. Certain technologies are ...
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Do you think Covid-19’s impact on medical billing and coding services has been dragged to an assertive level? Interestingly, challenges arising from the pandemic have revealed some critical opportunities for improvement. Last year, every news channel was featuring the tremendous ...
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Did you know that the global medical billing outsourcing companies’ market size was valued at USD 10.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 12.3% from 2021 to 2028? As all ...
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Have you ever wondered why there is no predefined time to prepare a bill? Patients receive their outstanding bills anywhere from 2 weeks to a few months. Patients even complain about getting surprise bills years later! This overlooked practice of ...
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According to a report published by the American Hospital Association, around 25% of hospitals lose money overall every year. Among them, approximately 68% incur a loss for Medicare billing itself! Billing in healthcare is a highly complex process. Only professional ...
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Did you know that more than two-thirds of US companies outsource to offshore companies? What about healthcare companies? The market forecast says that the US healthcare outsourcing industry is set to reach a value of USD 66 Billion by 2023! ...
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