Any business may find it difficult to collect past-due payments, which frequently calls for striking a delicate balance between preserving good customer relations and guaranteeing on-time payments. A skillfully written and diplomatic soft collection letter can be the difference in such circumstances. Businesses can effectively communicate their expectations while maintaining goodwill and building ongoing relationships …
In the complex world of healthcare, medical billing and coding play a vital role in ensuring accurate payment for medical services. However, the process can be fraught with challenges, including the issue of delinquent payments. Delinquent payments occur when a healthcare provider does not receive payment for services rendered within the expected timeframe. In this …
Impact of Delinquent Payments in Medical Billing and Coding Read More »
Medical billing is a complex process that involves collecting payments for medical services provided by healthcare providers. In this process, there are two types of collection strategies used by healthcare providers: hard and soft collections. Understanding the difference between these two strategies is crucial for medical billing professionals to ensure they collect payments in a …
What Is the Difference Between Hard and Soft Collections? Read More »
Over time, there have been major changes to both medical billing and coding. These processes were once largely carried out manually, leveraging paper records and manual data entry. However, with the rise of computer systems and software, the practice has grown more practical and streamlined. The ICD-9 code set has been replaced with the more specific ICD-10 code set, allowing …
PPO, HMO, and EPO are words used to define various health insurance plans that govern how medical services are reimbursed and compensated in medical billing and coding. Below is a quick summary of each: Preferred Providers Organization (PPO): This kind of health insurance plan gives individuals the freedom to pick the doctors and hospitals they …
The commercial insurance world revolves on an axis of variety. From PPO to HMO and in between, there is a commercial insurance plan that exists just for everybody in in every situation. Some of these plans are even combinations or iterations of other existing plans. Though there are many plans that you can work with, …
Insurance aging cleanup is a process of systematic updating of insurance information for a group of policyholders. The main attempt of doing this is to make sure that the sensitive patient information for each holder is updated, accurate, and in no conflict with the regulations of the insurance companies. This usually involves a comprehensive review …
By virtue, medical billers and coders are privy when it comes to handling sensitive health information that’s why all persons dealing with them should know by heart the importance of HIPAA and live to its standards. In this generation wherein information can be sold and used illegally, malicious intentions are just lurking around the corner …
Difference between Medicare and Medicaid Medicare and Medicaid fall under the jurisdiction of the U.S. Department of Health and Human Services and follow the federal guidelines but remember that there is no national Medicaid program. Medicaid is a joint federal and state program that helps people with limited resources and income. It follows general rules …
The whole revenue cycle may seem like it is the medical coder who calls the shots on what gets paid and what does not but contrary to that, there is actually a much higher power that will get to say are the services subjected to payments and that is the US government. That alone, there …