Archive for December 2012

Weighing Pros and Cons of 3rd Party Billers in the Revenue Cycle

Third-party medical billing companies employ nearly 20,000 people nationwide and process more than 17 million claims per month, representing more than $18 billion per year, according to statistics provided by the Healthcare Billing & Management Association (HBMA), a trade association representing third-party medical billers.

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Making Patients Pay… In a Nice Way

Increased Revenue and Decreased Denials Starts with the Front Office. Making Patients Pay… In a Nice WayEvery service performed by a healthcare provider should result in a payment for a service provided. Unfortunately in the healthcare industry, this is often not the case as billions of dollars are written off every year. A patient’s inability to pay, lack of desire to pay, confusion over responsibility to pay or having insurance deny payment are several of many factors which a provider must deal with.

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12-12-12: The End of the Check is Upon Us

Today is 12-12-12. The number certainly holds significance in human existence as illustrated by: Apart from there being 12 hours of day and night, and 12 months in the year in the Roman calendar, there 12 signs of the Zodiac, 12 Apostles, 12 days of Christmas, 12 tribes of Israel, 12 gods of Olympus, 12 old testament prophets… you get the idea. Some say the day symbolizes love, others completeness or fulfillment. Later this month, according to the Mayan Calendar – 12-21-12 – DOOMSDAY!

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