Remove Medical Billing Outsourcing Remove Medicare Remove Patient Satisfaction
article thumbnail

Internal Medicine Billing Services for Small Practices

Medisys Compliance

Unlike larger practices, small practices often lack the resources to maintain a dedicated billing department, leading to potential errors and delays in reimbursement. Here’s why specialized billing services are crucial: 1. Hiring a full-time billing staff can be costly for small practices.

article thumbnail

Optimizing Oncology Revenue Cycle Management

Medisys Compliance

Patient Collections: Implementing effective collection strategies while maintaining patient satisfaction is essential for managing patient accounts receivable. By focusing on patient financial well-being, practices can improve patient satisfaction and reduce financial hardship.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Uncovering the True Cost of Wound Care Billing

Medisys Compliance

Audits: Increased scrutiny from Medicare and Medicaid for potential coding discrepancies. Proper medical terminology and abbreviations. Regulatory Landscape Medicare and Medicaid regulations change frequently, demanding constant adaptation. Failure to keep up can result in: Incorrect billing practices lead to denials and audits.

article thumbnail

Mastering Bundled Payments and Episode Based Billing in Cardiology Care

Medisys Compliance

Performance Monitoring and Quality Improvement: Establish key performance indicators (KPIs) and quality metrics to monitor the clinical and financial performance of bundled payment and episode-based billing initiatives.

article thumbnail

Understanding Outpatient Billing for Primary Care

Medisys Compliance

Reduced Administrative Burden: Automation and outsourcing free up valuable staff time for patient care and practice management. Enhanced Patient Satisfaction: A smooth billing experience with clear statements and resolved inquiries builds trust and improves patient satisfaction.

article thumbnail

A Guide to Urology Revenue Cycle Management

Medisys Compliance

Foster Patient Engagement Transparency in billing: Provide patients with clear cost estimates and explain their financial responsibility before procedures. Flexible payment options: Offer diverse payment methods for improved cash flow and patient satisfaction.

article thumbnail

Beyond Basic Billing: Partner with an Expert Cardiology Billing Company

Medisys Compliance

Compliance with Regulations: Cardiology billing must comply with numerous regulations, including those from the Centers for Medicare & Medicaid Services (CMS) and private insurers. Staying updated with changes in billing guidelines and regulatory requirements is crucial to avoid penalties and ensure compliance.