ImagineSoftware Medical Billing Blog

Using Healthcare Business Analytics to Power Your Practice

2019 is underway and promises to maintain the breakneck pace of change in healthcare. With the flurry of activity, it is more important than ever to maintain a clear vision of what is happening in your practice so you can make sound decisions with greater impact. It's hard to believe a mere 15 years ago, we were managing in the rearview mirror—waiting until month end reports to find something had…
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3 Tips to Negotiate Payer Contracts Like A Pro

How well do you know your payer contracts? Understanding their terms and requirements are crucial to maximum reimbursement, but that’s no easy task. Confusing legal language and lengthy agreements are more than enough to cause discomfort and even reluctance to really delve deep into what each contract entails. However, you don’t have to be a lawyer to successfully manage your payer contracts. Here are a few tips that will help…
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How To Tackle The Top Revenue Cycle Management Challenges of 2019

2019 will undoubtedly be an eventful one for healthcare, but it won't come without its challenges. Every new idea, technology and innovation present new risks that providers must face, both financially and at an organizational level. A new report by Crowe shows the top risk areas in revenue cycle management in healthcare this year. In this blog post, we will explore those challenges and address how to tackle each one…
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How Automation Improves Medical Billing in Practice Management Systems

Everyone in healthcare knows receiving payments is hard. They know it’s not just one thing that makes it hard. It’s all the small, routine tasks that are never reported, all the conversations, and all the files moving between systems that are never mentioned in your monthly report that determine your budget and help to make smarter business decisions. Industry experts have been saying for the past five years how a…
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PPMC - Making the Move from Manual to Automated Medical Billing

It's automation month at ImagineSoftware! We're focusing on the role automation plays in providing health organizations with better staff efficiency, medical billing and patient collections. What better way to kick it off than with PAPER, and lots of it. At least that’s what ImagineSoftware client Physicians Professional Management Corp (PPMC) experienced prior to automating their medical billing process. Claims Management solutions that grow revenue without the manual workload. The Paper…
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10 Ways to Automate Your Denial Management

Does your denial management process resemble a closed door, or a bridge? If you are a billing manager, you are all too aware of how difficult it is to manage denied claims. While looking for ways to increase the number of claims your healthcare organization is processing, it’s important not to lose sight of how many of those claims are being denied by the payer. When you’re processing hundreds, if…
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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, how to take advantage of healthcare trends, and…
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5 Key Issues with Medical Billing in the Revenue Cycle Management (RCM) 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 workflows today, and steps you can…
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