High AR (Account Receivable) days are red flags that
can negatively impact the bottom line of your practice. According to hospital
benchmarks, AR days for facilities are 47.5 days, and anything above that
means less money to hire quality staff, fewer margins, and capital for
expansion. Regular, proactive follow-up of outstanding claims is critical
Billing errors are not only bad for patients but also for medical practices. It’s critically important for healthcare providers to minimize any coding and processing errors to increase their revenue.
Frequent claim denials and negligence may also trigger
billing audits and investigations which may not only damage the HME/ DME’s
reputation b
Claim denials can be frustrating for any medical practice. They not only lead to high administrative costs but also impact your reputation as a reliable healthcare provider. In addition, appealing denied claims can be a time-consuming process, straining an already overworked administrative team.
We identified the 7 most common reasons for claim
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Medical billing can be demanding and
challenging!
This is true especially for small medical practices like HMEs and DMEs where a major challenge with their in-house medical billing services is the management of human resources. Outsourcing the medical billing process allows your human resource management department to contribute to the bottom l
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