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A Step-by-Step Guide to the Insurance Verification Process

WEBHere is a step-by-step guide to effective insurance verification: Gather patient information: Once the patient appointment is scheduled, collect all essential …

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URL: https://www.outsourcestrategies.com/blog/insurance-verification-process-overview/

Basics of Bundling and Unbundling in Medical Coding

WEBMedical coding is the conversion of healthcare diagnoses, procedures, medical services, and equipment into ICD-10, CPT, and HCPCS codes. Healthcare …

Category: Medical Go Health

Preventing and Detecting Medical Billing Fraud

WEBMedical billing fraud is a pervasive problem. The Federal Bureau of Investigation estimates that fraudulent billing adds up to 3% to 10% of total health …

Category: Medical Go Health

Software and Tools for Accurate Insurance Verification

WEBEpic Systems: Epic is a widely used electronic health record (EHR) and practice management software that includes features for insurance eligibility verification. …

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What is HIPAA Compliance in Medical Billing

WEBHIPAA and Medical Billing Practices. HIPAA compliance is a shared responsibility among all entities involved in the billing process. Whether it’s your practice …

Category: Medical Go Health

Best practices for verification of complex health insurance plans

WEBStreamlining complex insurance plan verification is essential for healthcare organizations to improve efficiency, reduce errors, and enhance customer satisfaction. …

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Emerging Trends in Medical Billing OSI

WEBOutsourcing medical billing and coding is a growing trend. According to Market Research Future, the global medical billing market, which was valued at USD …

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Efficient Financial Reporting and Analysis in Healthcare

WEBAnalyzing financial data in a healthcare practice is important for informed decision-making that promote financial health and overall sustainability. Financial …

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What You Need To Know About Medical Practice Management

WEBMedical practice management involves overseeing the revenue cycle, the entire patient encounter process from scheduling and registration to the final payment of …

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Importance of Educating Patients on Insurance Policies

WEBIndividuals may pay for their insurance themselves or receive group coverage as a student or employee. It is important that patients understand the nuances of their …

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Integrating EHR with Medical Billing

WEBContact us at (800) 670-2809. EHR implementation streamlines patient data storage, enabling healthcare professionals to access comprehensive and up-to-date …

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How insurance verifications impacts patient satisfaction

WEBThis fosters trust and confidence in your medical practice, leading to improved patient satisfaction. Efficient Billing and Claims Processing. Accurate …

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Navigating Government Medical Billing Regulations

WEBGovernment Rules and Regulations in Medical Billing. The legal requirements for medical billing practices mandate compliance with several federal laws. …

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How Value-Based Care impacts Medical Billing

WEBHow Medical Billing Services can Help. To sum up, value-based care will significantly impact medical billing by shifting the focus from volume-based …

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Common ICD-10 Codes in Behavioral Health

WEBCommonly Used ICD-10 Codes in Behavioral Health. Depression and Mood Disorders: F32.9 – Major depressive disorder, single episode, unspecified. F33.2 – …

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How to Code and Report Pediatric Preventive Care Services

WEBThe relevant CPT and ICD-10 codes for preventive services for new patients are: CPT code 99381 – Infant younger than 1 yearICD-10 codes:Z00.110 Health …

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Seasonality impact on the Healthcare Revenue Cycle

WEBHowever, medical billing companies and healthcare providers should note that seasonality has significant impact on hospital and practice revenue. Revenue Cycle …

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Key Aspects about Timely Claim Filing

WEBTimely filing of claims is a crucial part of medical billing services and can greatly impact a healthcare provider’s revenue. Timely filing also plays a role in …

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Difference Between Predetermination and Prior Authorization

WEBPrior authorization, also known as preauthorization, prior approval, or precertification, is a process that insurance companies use to determine whether a …

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