Remove blog collecting-payments-from-patients
article thumbnail

6 Best KPIs Medical Billing Companies in USA Should Be Tracking

p3care

Today’s blog guides you through the six best KPIs for medical billing companies to thrive in the competition. They help in promoting good financial health, error reduction, timely payments, and client satisfaction. That’s what healthcare practices want from their medical billing partners. It examines the efficacy of payments.

article thumbnail

3 Ways to Resolve Recent Payment Collection Issues in Medical Billing

p3care

Despite all the issues practice may face, one of the most common is capturing payments from payers. Well, the findings from one survey by the U.S. Luckily, modern technology has come up with appealing solutions for effective payment collection. How Can the Latest Technology Address Payment Collection Issues?

Insiders

Sign Up for our Newsletter

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

article thumbnail

A Detailed Guide to Reimbursement Methods in Nephrology Billing Services

p3care

However, all practices with different specialties share almost the same problems in revenue collection. In this blog, we learn about the reimbursement methods widely implemented in nephrology billing services. The nephrology practices can take part in value-based care payment programs like ACOs.

Medicaid 130
article thumbnail

Significant Role Play of Medical Billing And Coding for Revenue Cycle

p3care

Today’s healthcare landscape emphasizes care quality and patient outcomes more than anything else. All in all, it requires billing teams to successfully file claims and collect revenue. In this blog, we will explore how medical billing and coding make RCM effective. prior verification of patient eligibility!

article thumbnail

[ANSWERED] What is Remittance Advice?

Etactics

Receiving payment is important, no matter what industry you’re in. Any industry where goods or services are being exchanged for payment uses some form of remittance. The process is necessary to ensure that payments are being made and processed correctly all within a timely manner as well. It can come from either party.

article thumbnail

MIPS 2023 Reporting in 6 Easy Steps: Where’re You Now?

p3care

Every year, the Merit-based Incentives Payment System brings a fresh opportunity for providers. Well, without further delay, let’s just roll into today’s blog. Today’s blog is a step-by-step guide to MIPS 2023 reporting for newbies. Gain insights from your MIPS journey in FY 2023. Step 3: What’s your Participation Choice?

Medicare 130
article thumbnail

Facing MIPS Reporting Hurdles? Learn How to Navigate Them!

p3care

Everyone talks about the MIPS program and its requirements, which keep changing from time to time. In this blog, we’ll identify the two most common MIPS reporting problems of all time. A study reveals that MIPS reporting causes financial burdens ranging from $30,000 to $50,000 annually. Is there any way to deal with them?