What is Dermatology Billing? Dermatology billing is the backbone of any dermatology practice’s financial health. It involves a series of steps that make sure dermatologists get paid for the services they provide. From patient registration to receiving payments from insurance companies, the process needs to be accurate and timely to keep your practice running smoothly. […]
Revenue cycle management (RCM) in healthcare refers to managing the entire lifecycle of patient service revenue. It includes everything from collecting a patient’s registration information to processing their outstanding balance payments. When done well, healthcare RCM helps clinics maintain steady cash flow, reduce administrative strain, and operate more efficiently overall. But it’s easier said than […]
A Complete Guide to Dermatology Revenue Cycle Management Dermatology Revenue Cycle Management (RCM) enables your practice to operate smoothly. It ensures a steady stream of income and patients while running operations efficiently. In dermatology, where the range of services spans medical, surgical, and cosmetic procedures, the complexity of billing and coding emphasizes the need for […]
10 Revenue Cycle Management Best Practices Revenue cycle management (RCM) is a key aspect of running any successful practice. It encompasses everything from scheduling and appointment booking to billing and payment processing – pretty important things if you want your practice to thrive! Effective RCM not only ensures the financial health of a clinic, but […]
THE QUESTION: I HAVE A PATIENT IN NEED OF SURGERY WITH WORKMAN’S COMP COVERAGE (WC). WILL I GET COMPENSATED FOR THIS? SHOULD I CONTINUE TO TAKE WC? THE ANSWER Will you be compensated? The short answer is yes. WC is not a network-based coverage plan. So long as they has a claim number from her […]
Rumored to be in existence, thought not to be…rare as the Tasmanian Tiger…the mythical Medicare Authorization does indeed exist. Worse yet, you need to know how to handle it, even though it technically is not a requirement for professional service providers (AKA Docs). So…what are we talking about here? As of 2020 Medicare started requiring […]
What’s the top priority: The Application or the Follow Up? Riddle me this: What is more important in any paperwork submission process: 1) The initial application itself? 2) The follow up work? Of course, the application should be complete with 100% accuracy, this is critical. In the medical insurance contracting and credentialing world, however, the […]
Payment posting often is associated with copays and ICD-10 codes. However, the process involves more than entering codes and handling payments.
Payment posting is an important component of the revenue cycle management process. When it’s managed strategically, payment posting can increase cash flow and revenue for your practice.
Medical billing and coding are essential to running a practice. These systems impact patient safety and accounts receivable, as well as operations and efficiency. If not optimized, coding can directly affect your bottom line.
This blog explores common medical billing and coding challenges and provides suggestions for improvement.
Not sure what medical bookkeeping is? Don’t sweat it, just reconcile the books against the bank account and 90% of docs won’t know the difference. Reports get generated. Bills get paid, Taxes get filed. People go home happy. ? That’s good enough, right? Medical bookkeeping isn’t just bookkeeping for the medical industry. It isn’t just […]