We’re presenting here some easy-to-understand basics on MACRA for 2019. Many more exciting details can be found on www.cms.gov which should definitely be consulted if those details are needed.

When it comes to providing the optimal experience for your patients, you already put a lot of effort in: you provide excellent service, hire the best staff, and treat each patient as an individual. No amount of technology could replace the value of a good practitioner to patient relationship, but a well-organized Electronic Health Records system complete with medical portal can prove extremely helpful to patients. Let's discuss how it can elevate the patient's experience in every way.

Telehealth and telemedicine are making great strides being accepted by health insurance carriers. this will open markets with the variety of multi-state compacts that make nurses, physicians, therapists, and other regulated, licensed health care providers able to practice across state line. The federal government, hoping to improve access and reduce costs, has embraced telemedicine for the VA system and Tricare, the medical insurance for military retirees.

Substance abuse billing is one of the major areas with which drug and alcohol addiction treatment centers struggle resulting in lost revenue and delayed payments. Many drug rehabilitation centers and behavioral health organizations are closing their doors due to rapidly changing industry laws, regulations, and insurance companies. One thing in common is poor revenue cycle management.

When it comes time to submit billing to government and private insurance carriers, the process can become extremely labor intensive to ensure that the payment is received. Time is money when it comes to the laboratory billing process so ensuring your office has adequate software and protocols in place. Outstanding ones will make sure the eligibility is completed and any referrals or per-authorizations are obtained prior to billing. There are roadblocks that can slow down the submission and subsequent payment of submitting billing.

In medicine, as is the case with any professional endeavor, you need to have the right tool for the job in order to get the best results. When it comes to the flow of revenue in your organization, if you’re not using the right tool for billing, chances are you are actually hampering your bottom line. Practices that try to get by just using some kind of generic billing software suitable for any type of business are doing themselves a disservice.

Whether you have been a medical office manager for some time now or are somewhat new on the job, there is always more for you to learn about software and technology to help everything run more smoothly.

A great deal of financial work goes on behind the scenes at any thriving medical practice. That’s a given, since you cannot keep the doors open and the lights on if you neglect seeing to the timely delivery of payment for each patient you take care of. With that in mind, professionals who are in search of solutions to save their medical organization time and money find themselves turning to revenue cycle management software.

No matter how excellent a job your team is doing in your medical practice, you can’t keep the lights on and the doors open just based on the quality of care being provided. It’s incumbent on you to pay close attention to your financials, too. Those organizations that fail to stay on top of the level of revenue they’re bringing in could find themselves scrambling to remain viable while other practices around them are actually thriving.

Laboratory billing software is a specialized solution designed to manage the financial transactions and billing processes of laboratories, ensuring accurate and efficient invoicing for services rendered.