ImagineSoftware Medical Billing Blog

3 Reasons You Should Visit the ImagineSoftware Booth at RSNA 2018

It's almost here!  The Radiological Society of North America (RSNA) 2018 Annual Meeting is less than 2 weeks away, and the Imagine Team is ready to take on the Windy City!  We're looking forward to getting some hands-on experience with the industry's latest cutting-edge technology, diving into sessions and seeing a friendly face or two!  More than anything, we're thrilled to share our knowledge and experience with radiology organizations who…
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How Medical Billing Companies Use Data Discovery in Business Intelligence (BI)

In medical billing, we often talk about the importance of reporting and business intelligence for finding opportunities to reduce cost and increase revenue. Whether you’re a medical billing manager or the owner of a billing company, everyone employed by your company benefits when given access to data and reports related to their job performance. With that in mind, I’d like to take a step back and talk about the process…
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5 Revenue Cycle KPIs Every CFO Should Track Right Now

From ImagineSoftware's article 5 revenue cycle KPIs every CFO should track right now published by Becker's Hospital Review The shift to value-based care and patient financial responsibility is putting more pressure on providers to focus on the efficiency of their billing processes. Key Performance Indicators (KPIs) will help you both understand the strengths and weaknesses of your business and identify areas for improvement. Here are five KPIs every CFO should be…
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3 Ways Medical Billing Artificial Intelligence Can Improve Patient Collections

There are a million ways patient billing can go wrong. Maybe a patient doesn’t understand their insurance coverage, or the demographic information that the provider has on file is incorrect. 73% of providers report that it takes one month or longer to obtain patient payments, and too often, those payments go to bad debt. What can providers do to combat payment challenges for better reimbursement? A unique and new approach in the…
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The Future of Medical Billing in 2019: 5 Trends You Should Consider Now

2018 has been an overwhelming year for healthcare providers. We have witnessed patients become one of the biggest payers, giant leaps in automation and artificial intelligence in medical billing, the shift to value-based care, and the rise in outsourced medical billing. It’s more important than ever to embrace these changes in a way that benefit your revenue cycle. Let’s discuss them all and how to take advantage of future trends in…
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5 Key Issues with Medical Billing in the Revenue Cycle Management Process

Let’s face it: medical billing has problems—serious problems. Decision makers and billing managers alike are facing old challenges in manual processes, along with new pressure to reduce costs. But there’s good news! Some of the biggest issues are the easiest to address. In this article, we will cover the current realities of the revenue cycle management (RCM) process, some key issues affecting medical billing today, and steps you can take…
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RadNet Management Inc - Scalability, Reporting, and Patient Payment Portals for Radiology Billing

Back in May, ImagineSoftware held our 2018 Client Conference in Charlotte, NC. Every year, our customers graciously travel from across the country for three days of education, collaboration, and fun with the team. It's a great opportunity for us to see our clients face-to-face and to learn what challenges led them to selecting Imagine as their medical billing software provider. That insight helps us grow as a company to better…
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8 Medical Billing Key Performance Indicators You Should Be Tracking in 2018

Today's billing landscape is not an easy one to navigate for many medical practices. The transition to value-based care and rising patient responsibility make the management of day-to-day operations even more challenging. Now more than ever, it's critical to regularly measure the financial health of your practice and if your staff is performing at peak efficiency. Key Performance Indicators (KPIs) help physicians and management understand the strengths and weaknesses of…
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3 Reasons You Should Offer Patient Payment Plans

The transition from volume-based to value-based care will have a monumental impact on what it means to be competitive in healthcare. There’s a growing interest in the convenience of digital communication, patient payment plans, and more options for paying healthcare bills online with an increasing financial responsibility falling on patients' shoulders.
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11 Things to Know About ICD-11

The countdown begins! The World Health Organization (WHO) recently announced the expected release of the International Classification of Diseases, Eleventh Edition (ICD-11), and some of the major changes that will follow. The World Health Assembly meets to accept the proposed version in May 2019, and the WHO effective date for ICD-11 is January 1, 2022. You may be thinking, "Jenna, why are you telling us about this when we don't…
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Pollux Systems Inc - Multi-Specialty Billing, Automation and Global Healthcare Reporting

A few weeks ago, we held our 2018 Client Conference in Charlotte, NC. Our customers traveled from all across the country to join us for three days of in-depth sessions, collaboration, and a little fun with the Imagine Team. I had the opportunity to interview clients representing companies of all shapes and sizes. I love meeting customers face-to-face and hearing about their experiences with ImagineSoftware. I learned about what they…
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A Model Legislation for Women: Coverage and Payment of 3D Mammography

On June 1, 2018, House Bill number 1252 was passed in Missouri, bringing great promise for female patients all over the country. The new law requires coverage and payment of 3D mammography (also known as Tomosynthesis) beginning on January 1, 2019 and includes the following: A mammogram every year for women age forty or over A mammogram for every woman, upon the recommendation of a physician, here such woman, her…
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