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[ANSWERED] What is Remittance Advice?

Etactics

In this blog, we’re taking it one step further by referring to remittance advice, or RA, specifically in the healthcare industry. Medical billing plays a huge role in healthcare. Healthcare providers receive remittance advice from either insurance companies or patients (payers) when payments are being made for medical services.

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Benefits of Electronic Data Interchange (EDI) in the Medical Billing

p3care

Well, healthcare IT has helped medical billing services find a safe solution in such situations. Today, we observe that healthcare billing services have adopted an electronic claim submission method. Not only has it offered additional security for medical data, but it has also improved the system’s efficiency.

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Payment Posting in Medical Billing: Everything You Need to Know

Etactics

According to Equifax, weak billing practices cost doctors roughly $125 billion every year. So what does it mean to have strong billing practices? Payment posting” is a term that describes examining payments within a medical business. This posting occurs after a medical billing procedure is complete.

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Dry Needling CPT Codes: An Ultimate Guide

Etactics

In fact, the need for skilled medical billers and coders is also expected to rise. So making sure your medical billing and coding team is on top of their game should be one of your practice’s top priorities. Without proper billing and coding, physical therapists will lose out on revenue. So what exactly is dry needling?

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Denial Codes in Medical Billing: Everything You Need to Know

Etactics

There are between 5 and 10 percent medical claim denials on average, according to the AAFP. Denial codes explain why insurance cannot cover a patient’s treatment costs so medical billers can resolve and resubmit the claim. It’s good practice to start with electronic remittance advice (ERA). But what are denial codes?

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And the Oscar Goes To….Power to the Patients!

Health Populi

In movies in particular, we’ve seen health care costs and hassles play featured in plotlines in As Good as it Gets [theme: health insurance coverage], M*A*S*H [war and its medical impacts are hell], and Philadelphia [HIV/AIDS in the era of The Band Played On], among dozens of others. [The

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Denial Code CO 151: An Ultimate Guide

Etactics

Medical billing and coding is an important piece of the revenue cycle puzzle. Proper training for your staff, staying up to date with industry standards and reforms, and utilizing third-party clearinghouse systems are just a few essential tools you should have in your medical billing tool belt. What is Denial Code CO 151?