1. Exploring the Fundamentals of Medical Billing and Coding

    Source: RevCycleIntelligence Medical billing and coding are the backbone of the healthcare revenue cycle, ensuring payers and patients reimburse providers for services delivered. Medical billing and coding translate a patient encounter into the languages used for claims submission and reimbursement.…Read More

  2. Underpayment Recovery: What is it, and am I owed anything?

    While the numbers vary a bit, industry experts across the board agree that unpaid - and underpaid - medical claims amount billions of dollars in lost revenue for healthcare practices and organizations each year. Some reports estimate that an average of around 5.5% of claims are simply unpaid by insu…Read More

  3. Payment Plans Key to Collecting Patient Financial Responsibility

    Source: RevCycleIntelligence With the rise in popularity of high deductible health plans, hospitals are no longer waiting on just payers to collect what is owed to their hospital or practice. Patients have become a major revenue source, but hospitals are struggling to implement new strategies in res…Read More

  4. Credit Balances & Medical Billing: Why So Risky?

    CREDIT BALANCES What is a credit balance? Credit balances occur when improper payments and adjustments are made to the practice and exceed the related posted charges. Often they are the result of increasingly complicated billing and payment processes. Credit balances are not “extra cash” or…Read More

  5. Average Physician Compensation Sees Modest Growth in 2018

    Source: RevCycleIntelligence Physician compensations increased slightly over the past year, with the average annual income increasing from $294,000 in 2017 to $299,000 in 2018, according to most recent Medscape Physician Compensation Report. The survey of 20,000 physicians in over 29 specialties sho…Read More

  6. Top 5 locations physician salaries are declining

    Source: Beckers Hopsital Review Physician compensation increased 5.1 percent on average nationwide in 2017, yet a few major metropolitan areas saw declines as great as nine percent, according to research compiled by Doximity. The study gathered data from 12,000 physician jobs posted in 2016 and 201…Read More