Medical Billing Blogs

  Are you tired of claim denials? Are your denial rates increasing day by day? Well, that is common in today’s world. As per the industry standards, the average rate of denial is somewhere between 5-10% and if you have a denial rate of more than 10%, then you need to worry and do something regarding that. So, it is better to take preventive actions to avoid the  claim denials  that have a negative effect on the revenue. Here are a few steps to minimize the claim denial – Set predefined standards Firstly, hire a skilled and competent front-end staff. If required, train them regarding the patient’s demographic errors as well as the services that are not covered in the patient’s claim plan. Make sure that your staff is well-versed with all the information related to the demographics and eligibility. You can set a no-tolerance policy for the late claim submission. Also, you can set standards with your staff related to the target and to take action in case...

Here at 24/7 Medical Billing Services, we specialize in outsourced medical billing, coding, consultancy, auditing, and A/R services for healthcare facilities. While these various facilities may seem vastly diverse regarding the services, professionals, and coding they suggest, they all have one thing in general — their revenue cycles have all been severely affected due to COVID-19. Like the rest of the business, the healthcare industry has continued utterly upended by this year’s unexpected pandemic, and this, unsurprisingly, means necessary changes to healthcare revenue cycle management. This blog post explains ways COVID-19 forces healthcare revenue cycle and provider investments and how you can improve your medical facility’s keep up. It also describes how telehealth is imposing new guidelines and helping to cope with this situation. The expertise, understanding, guidance, and issues your facility requires during this uncertain time turn to 24/7 Medical Billing Service...