Month: April 2024

[ad_1] In the world of healthcare billing, two key terms often come up: institutional claims and professional claims. Now, some bills are for the doctor’s service (professional), while others are for the hospital itself (institutional) explaining who’s charging for what – the doctor or the hospital. Knowing the difference between these two is crucial for […]

[ad_1] One in seven of all claims are denied amounting to 200 million rejections each day. And out of these, 27% of denials are due to issues with patient registration and eligibility for the medical claim. Now, the average denial management costs a minimum of $25 per claim denial. Thereby, creating cash flow issues for […]

[ad_1] Investigating issues like claim denial and the slow payment process is necessary to ensure your practice operates effectively. Your billing procedure is one of the elements of your practice that needs to run smoothly. Medical billing reports are crucial for tracking and fixing billing process issues. They can provide essential details regarding payments, claims, […]