Patients have medical insurance to help pay for these costs, so denials can be an overwhelming roadblock. Avoiding and resolving denials are the key to maintaining a healthy patient and a healthy cash flow. Read on to learn about our tips for how to avoid, manage, and resolve denials for patients and for practices.
Clean claims drive the overall revenue of health care providers and provide a healthy cash flow. Each time claims get denied, they weigh down your accounts and hold up the revenue your medical practice brings in. Denials become costly from a valuable time and financial perspective – so getting it right is important to your revenue stream, keeping your practice moving forward efficiently.
Revenue collection is a tricky tightrope act. You understand that paying for health care can be challenging for patients, but you also need their payments to continue providing them with the care they need.
Both your healthcare practice and your patients lose out when patients don’t show up for their appointments. In the United States, the annual cost of patient no shows is $150 billion. On a more micro level, individual physicians lose $200 per missed time slot.
While your patients’ wellbeing is your number one priority, your practice needs a consistent, steady stream of income to provide your patients with the best quality care and treatment.
One fact that everyone can agree on: COVID-19 has made a significant impact on the world. The world has adapted and changed greatly over the last couple of years. Read about the most common myths and facts about the vaccine.
The Food and Drug Administration authorized Pfizer and BioNTech’s Covid-19 booster shots for people 65 and older and other vulnerable Americans six months after they complete their first two doses, making many Americans eligible to receive the shots now.
While the COVID-19 delta variant continues to fuel outbreaks across the U.S., there is still uncertainty as to what this year’s flu season will bring. To bolster prevention efforts, one-stop clinics offering shots for both illnesses have started to emerge, CNN reported Sept. 21. The latest COVID-19 surge has pushed Idaho to activate crisis standards of care for hospitals and health systems statewide.
When the CDC released its latest round of recommendations regarding seasonal flu vaccines, the agency made one notable update: Flu vaccines and COVID-19 vaccines can now be given simultaneously.
The AMA has released the 2022 Current Procedural Terminology code set, which incorporates a series of 24 vaccine-specific codes that are the model for efficiently reporting and tracking immunizations and administrative services against the coronavirus (SARS-CoV-2).