Medical Billing Tips: Put an End to Underpayments
How to Put an End to Underpayments
Practices tend to consider their contracts with payers to be binding commitments… but are they? Data from the American Medical Association shows that most insurance companies pay practices just 86-92% of their contracted rates.
If you’re not paying close attention to payer payments, your practice could be getting gouged. Eliminating underpayments is critical, but requires education, data, and a proactive approach.
Medical Billing Tips: How to Resolve Patient Billing Problems
How to Resolve Patients Billing Problems
Your practice does a lot for your patients’ physical health, but are you doing anything for their financial health? Medical billing can cause a lot of headaches for patients, especially if they feel that their provider isn’t doing enough to help them understand their bills and resolve problems that come up.
Not every practice is equipped to help patients resolve billing problems, due in part to budget shortages, staffing issues, or other factors.But if you’re looking to enhance your patients’ all-around experience with your practice in the new year, improving medical billing is the perfect place to start.