What We Learned About Healthcare Cash Flow Management During COVID-19
Blog
Last year, at a time when the United States had just confirmed its first case of COVID-19, I wrote an article on the importance of cash management in the medical practices. A month later, As COVID infection cases rose and medical practices began shutting their door, the country fell into another recession. I call it the “great equalizer” and no one was immune to it.
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5 Things To Know About Automated Medical Billing Software Programs
Blog
Do you think your medical claims billing software has what it takes to keep you running at peak efficiency? Perhaps you do. But as the saying goes, knowledge is power, and if you don't know exactly how billing software should improve your workflow processes and bottom line, you’ll never realize your full potential to improve and earn.
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The Next Stage in Medical Billing: Bots and Robotic Process Automation
Blog
Robotics Process Automation (RPA), specifically in healthcare billing, allows organizations to automate routine tasks just as if humans were interacting with the software themselves. Robotic automations interact with existing systems, require minimal integration efforts and work consistently with 100% accuracy.
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A Guide to Reconciliation
Blog
The threat by Senate Democrats to pass President Biden’s $1.9 Trillion Covid Relief Bill without Republican support through “Reconciliation” may have you wanting to know more about that process.
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President Biden & Health Care
Blog
The beginning of a new administration always brings apprehension and anticipation. How dramatically will the next President change the trajectory of the country, if at all? Who will take leadership roles in the Executive branch, and will Congress enhance- or defeat- the new President’s priorities?
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3 Tips to Negotiate Healthcare Payer Contracts Like A Pro
Blog
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.
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What To Expect in Healthcare in 2021
Blog
As the last gyrations over the 2020 election move to the sidelines and the new Biden/Harris Administration names its Health Team – what can healthcare executives, professionals, and systems expect in 2021?
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Sorting ImagineSoftware Ticklers for Maximum Effectiveness
Blog
If you’re new to ImagineSoftware or have employees that are, you may need a refresher (or recommendations) on how to best utilize your insurance and denial ticklers for maximum effectiveness.
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Five Hacks To Prevent Denied Claims
Blog
Out of the $262 billion denied claims submitted by health organizations last year, 90% of them were avoidable. You’ll see a lot of other writers call that 90% “hidden revenue”, but it’s not really hidden, is it? It’s easy money. At least it is if you have the right solutions in place.
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CMS Releases 2021 MPFS Proposed Rule
Blog
CMS (Centers for Medicare and Medicaid Services) released the MPFS (Medicare Physician Fee Schedule) Proposed Rule for the 2021 calendar year on August 4, 2020. The most significant change to specialty physicians is an 11.9 percent decrease in the Conversion Factor from $36.09 in 2020 CY to $32.36 in CY 2021.
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