It’s most likely that you go into the mental health industry as a psychologist in order to help people and without really considering the billing side of things. Dealing with insurance companies, insurance claims, reimbursements, etc. are often not covered in your medical training, and they can become a hassle very quickly in your career, especially if you are running your own practice, or part of a small practice of only a couple professionals. Without access to the administrative teams…..
When it comes to revenue, hospitals face a number of unique challenges. Very few industries in the United States face regulations on how revenue is collected, especially for such massive institutions. What ends up happening in many hospitals is the revenue cycle is simply dealt with as an inevitability rather than something that can be fixed and improved. But how does one improve the revenue cycle management for hospitals? Here are some key things to consider regarding hospital revenue cycle…..
Running a successful medical practice is more than just providing excellent medical care. In order for your practice to stay viable, the billing systems need to be efficient and effective. Working with the right medical billing company is an important part of ensuring that your medical practice runs smoothly. Without a reliable billing company, the financial performance of your practice suffers. Here are 5 things to consider when choosing from one of the many medical billing companies in Dallas, TX:…..
Are payables and receivables stressing you out? Medicare billing can be worrying to everyone, and if it is up to you to get everything right all the time, it certainly can be stressful. Patients don’t want their claims to be denied, especially over a small thing. Here are some of the common Medicare billing pitfalls that are easy to fall into, and some suggestions to help you avoid them. Don’t worry; these errors are common, and a little attention to…..
Adopting Telehealth, the Right Way! If nothing else, this pandemic has taught us the value of business continuity and contingency planning. This applies as much to Healthcare facilities as any other business. Healthcare facilities are business too and must care about the top and bottom line as any other business. Now, traditionally healthcare has been a very personal and face to face experience and we all thought that transition to remote care may be terribly slow, if not impossible. But…..
Mental health billing services is more complicated than the other areas of healthcare due to types, time, scope and various restraints related to mental illness treatment. Other factors influencing the mental health billing services include session length, therapeutic approach, the location in which services are rendered, the age and willingness to participate in the patient, and other contributing factors. Talisman Solutions is the one among many who initiated efforts to minimize and standardized the payments for mental health billing and…..
Healthcare audit refers to the process utilized by the health professionals to assess, evaluate, and improve the care of patients in a systematic way. It also evaluates the current practices if they meet the desired/set standards. It is an integral part of clinical governance aiming towards the safeguard of high quality of clinical care services offered to the patients. Characteristics for a successful audit: Training and support for all staff involved in an adequate manner. Topic selection i.e. topic having…..
A Hospital Information System (HIS) refers to a component of health informatics that focuses particularly on the administrational needs of the hospital including the management of aspects such as medical, financial, legal issues and processing of related services, and many more. It is also called as hospital management software (HMS) or hospital management system. It is responsible for keeping information about the patient’s health history with confidentiality. Also, the health care professionals coordinate for the care that is to be provided to the patient through…..
The two main components of Revenue Cycle Management (RCM) are time and efficiency. Many healthcare providers view it as a pre-registering a patient till the time of payment is collected. Irrespective of the multi or single location health practice it serves as a basic component for every healthcare provider. RCM is consists of a multi-step process. The key step requires the providers to submit their patient documented records to the RCM vendors followed by the claim submission along with payer adjudication. …..
Communicable diseases spread from person to person through contact with an infected person, contaminated objects, blood and other body fluids, breathing in an airborne virus etc. It includes Tuberculosis, Hepatitis, HIV AIDS, measles and many more and also the most prevalent these days i.e. COVID-19 disease. In this difficult time especially for the healthcare system, telemedicine comes as a relief both for the healthcare provider organizations and the patients. Now, it is being used in a number of ways during…..