9 tips to overcome 5 monumental medical practice collection blunders
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Burdened by Collection Mistakes ? Here are 9 remedial measures . For more info visit us http://www.billingparadise.com/denial-management-services.html
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Are you seeking AdvancedMD certified resources to optimize your medical billing and revenue cycle management? Look no further! BillingParadise offers expert AdvancedMD Billing Services combined with AdvancedMD EHR, providing you with a comprehensive solution for your healthcare organization. As an AdvancedMD user or someone migrating to AdvancedMD EHR, you're in capable hands with BillingParadise.
To know more about services…https://bit.ly/3qymGNF
Efficient AdvancedMD Billing: Elevate Revenue Cycle with BillingParadise's Ex...
Efficient AdvancedMD Billing: Elevate Revenue Cycle with BillingParadise's Ex...Billingparadise- A California based revenue cycle management and EHR support Company
Say goodbye to your healthcare organization's huge AR backlog with our customized A/R Packages. We guarantee timely and correct payments through our technology-powered 24/7 Account Receivable Management Services.
To know more about services…https://bit.ly/41QefuH
Account Receivable Management Services for Hospitals and Medical Groups.pptx
Account Receivable Management Services for Hospitals and Medical Groups.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Looking to optimize revenue cycle management for laboratories and pathology practices? Explore the importance of patient engagement in healthcare and claim denial management. These two crucial elements are integral to maximizing reimbursement and streamlining operations.
To read more…https://bit.ly/3MSXo5F
The Importance of Patient Engagement, Claim Denial and Appeal Management.pptx
The Importance of Patient Engagement, Claim Denial and Appeal Management.pptxBillingparadise- A California based revenue cycle management and EHR support Company
According to the 2023 Black Book healthcare survey, revenue cycle outsourcing has become a powerful solution to optimize revenue cycle management (RCM) processes in the healthcare industry. The Black Book healthcare survey highlights the increasing adoption of outsourcing RCM services, driven by the need to maximize ROI and adapt to a changing healthcare landscape.
Key survey findings reveal that 17% of hospitals are synchronizing RCM transition activities through advisors and consultants. As the industry shifts towards value-based care, 78% of healthcare providers have yet to select technology vendors, leading to a surge in revenue cycle outsourcing. Medical group practices (73%) are collaborating with consultants to devise accountable care reimbursement strategies and explore revenue cycle outsourcing options.
CFOs recognize the importance of outsourcing, with 79% aiming to eliminate vendors not associated with ROI in revenue cycle management. Over half of health organization CFOs (54%) believe outsourcing RCM processes will enhance productivity and financial stability.
The survey emphasizes the need for RCM system upgrades, as 89% of healthcare providers acknowledge the requirement for improved solutions. Delayed RCM transformation programs impact smaller hospitals (40% of those with under 200 beds), affecting financial health and patient care.
CFOs increasingly consider outsourcing services as a stop-gap measure, with 80% perceiving them as vital until new RCM software is installed. For hospitals with under 200 beds, end-to-end RCM outsourcing is viewed as the most effective solution (72% of CFOs). Larger hospitals (58% of CFOs) plan to outsource at least two revenue cycle management functions.
The survey emphasizes the combined approach of automation and outsourcing RCM to enhance operations. Hospitals under 200 beds (73%) and those with over 200 beds (93%) are considering this strategy.
In conclusion, the Black Book healthcare survey highlights the significance of revenue cycle outsourcing in addressing industry challenges and achieving financial stability. Hospitals must adapt promptly to the changing healthcare landscape by embracing outsourcing as a transformative solution.
To know more...https://bit.ly/3WrRrQcCFO Insights: Black Book Survey on Outsourcing RCM & ROI
CFO Insights: Black Book Survey on Outsourcing RCM & ROIBillingparadise- A California based revenue cycle management and EHR support Company
Patient Eligibility Verification is a crucial process that needs to be carried out efficiently to ensure the healthcare facility gets paid for the services rendered. The process is complicated and time-consuming, which is why BillingParadise offers a comprehensive and efficient service that saves time and money.
BillingParadise's Patient Eligibility and Benefits Services include obtaining workflow data through various methods such as patient data from EHR/EMR or third-party scheduling applications, and manual patient data files such as FTP, email, fax, etc. They also verify health insurance and basic patient registration information such as member and group ID, primary and secondary coverage details, etc.
To explore more...https://bit.ly/41UdpgjPatient Eligibility Verification with RCM.pptx
Patient Eligibility Verification with RCM.pptxBillingparadise- A California based revenue cycle management and EHR support Company
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Are you seeking AdvancedMD certified resources to optimize your medical billing and revenue cycle management? Look no further! BillingParadise offers expert AdvancedMD Billing Services combined with AdvancedMD EHR, providing you with a comprehensive solution for your healthcare organization. As an AdvancedMD user or someone migrating to AdvancedMD EHR, you're in capable hands with BillingParadise.
To know more about services…https://bit.ly/3qymGNF
Efficient AdvancedMD Billing: Elevate Revenue Cycle with BillingParadise's Ex...
Efficient AdvancedMD Billing: Elevate Revenue Cycle with BillingParadise's Ex...Billingparadise- A California based revenue cycle management and EHR support Company
Say goodbye to your healthcare organization's huge AR backlog with our customized A/R Packages. We guarantee timely and correct payments through our technology-powered 24/7 Account Receivable Management Services.
To know more about services…https://bit.ly/41QefuH
Account Receivable Management Services for Hospitals and Medical Groups.pptx
Account Receivable Management Services for Hospitals and Medical Groups.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Looking to optimize revenue cycle management for laboratories and pathology practices? Explore the importance of patient engagement in healthcare and claim denial management. These two crucial elements are integral to maximizing reimbursement and streamlining operations.
To read more…https://bit.ly/3MSXo5F
The Importance of Patient Engagement, Claim Denial and Appeal Management.pptx
The Importance of Patient Engagement, Claim Denial and Appeal Management.pptxBillingparadise- A California based revenue cycle management and EHR support Company
According to the 2023 Black Book healthcare survey, revenue cycle outsourcing has become a powerful solution to optimize revenue cycle management (RCM) processes in the healthcare industry. The Black Book healthcare survey highlights the increasing adoption of outsourcing RCM services, driven by the need to maximize ROI and adapt to a changing healthcare landscape.
Key survey findings reveal that 17% of hospitals are synchronizing RCM transition activities through advisors and consultants. As the industry shifts towards value-based care, 78% of healthcare providers have yet to select technology vendors, leading to a surge in revenue cycle outsourcing. Medical group practices (73%) are collaborating with consultants to devise accountable care reimbursement strategies and explore revenue cycle outsourcing options.
CFOs recognize the importance of outsourcing, with 79% aiming to eliminate vendors not associated with ROI in revenue cycle management. Over half of health organization CFOs (54%) believe outsourcing RCM processes will enhance productivity and financial stability.
The survey emphasizes the need for RCM system upgrades, as 89% of healthcare providers acknowledge the requirement for improved solutions. Delayed RCM transformation programs impact smaller hospitals (40% of those with under 200 beds), affecting financial health and patient care.
CFOs increasingly consider outsourcing services as a stop-gap measure, with 80% perceiving them as vital until new RCM software is installed. For hospitals with under 200 beds, end-to-end RCM outsourcing is viewed as the most effective solution (72% of CFOs). Larger hospitals (58% of CFOs) plan to outsource at least two revenue cycle management functions.
The survey emphasizes the combined approach of automation and outsourcing RCM to enhance operations. Hospitals under 200 beds (73%) and those with over 200 beds (93%) are considering this strategy.
In conclusion, the Black Book healthcare survey highlights the significance of revenue cycle outsourcing in addressing industry challenges and achieving financial stability. Hospitals must adapt promptly to the changing healthcare landscape by embracing outsourcing as a transformative solution.
To know more...https://bit.ly/3WrRrQcCFO Insights: Black Book Survey on Outsourcing RCM & ROI
CFO Insights: Black Book Survey on Outsourcing RCM & ROIBillingparadise- A California based revenue cycle management and EHR support Company
Patient Eligibility Verification is a crucial process that needs to be carried out efficiently to ensure the healthcare facility gets paid for the services rendered. The process is complicated and time-consuming, which is why BillingParadise offers a comprehensive and efficient service that saves time and money.
BillingParadise's Patient Eligibility and Benefits Services include obtaining workflow data through various methods such as patient data from EHR/EMR or third-party scheduling applications, and manual patient data files such as FTP, email, fax, etc. They also verify health insurance and basic patient registration information such as member and group ID, primary and secondary coverage details, etc.
To explore more...https://bit.ly/41UdpgjPatient Eligibility Verification with RCM.pptx
Patient Eligibility Verification with RCM.pptxBillingparadise- A California based revenue cycle management and EHR support Company
The article explores how Robotic Process Automation (RPA) can streamline Accounts Receivable (AR) processes. RPA is a technology that can automate repetitive tasks, reduce processing time, improve accuracy, and enhance data security. The article highlights the benefits of implementing RPA in AR processes and provides examples of how it can be used to automate tasks such as invoice creation, payment processing, and customer account management. The article emphasizes the need for organizations to evaluate their AR processes and identify areas where RPA can be implemented to achieve maximum efficiency gains. Overall, the article provides valuable insights into the benefits of implementing RPA in AR processes.
To explore more…http://bit.ly/43oWVOK
Accounts Receivable Automation
Accounts Receivable Automation Billingparadise- A California based revenue cycle management and EHR support Company
BillingParadise has helped many organizations and practices overcome their RCM challenges with our comprehensive medical billing services. Here are 7 common reasons why healthcare organizations, RCM directors, CFOs, practice admins, and practice managers reach out to us:
Unhappy with your EHR/EMR provider’s billing/RCM service
Unaware of technology solutions
Negligence of existing medical billing outsourcing partner
Lack of experienced staff
Improper practice management
Too many external audits
Unworked charge, AR, and denials
At BillingParadise, we have a 7-step approach to improving your practice's revenue:
Step 1: Revenue Analysis and Audit
We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and non-collectible amounts and recover lost revenue from existing AR.
Step 2: Re-structure your Medical Billing
We'll evaluate your current medical billing process and set goals to increase revenue and improve patient satisfaction. Our team will provide support to your staff and implement updated operation modules.
Step 3: SOPs and EHR
We'll work with your practice manager or RCM director to develop and implement new SOPs that align with industry best practices. We'll also optimize the use of EHR systems to eliminate manual processes and increase efficiency.
Step 4: Flexible Medical Billing Staffing
We offer selective and temporary RCM process services to help fill gaps in your staffing.
Step 5: Round-the-clock Billing Support
Our 24/7 medical billing and RCM operations ensure timely claim submissions and reimbursement.
Step 6: Specialty-specific Medical Billing Services
We have experienced medical billing staff for various specialties, making it easy for specialty medical group owners or RCM directors to identify the right medical billing service provider.
Step 7: EMR/EHR Experience
We're specialized in major EHRs and can provide excellent medical billing services with the current EHR/EMR you use.
Technology plays a vital part in BillingParadise Medical Billing Services:
TeamBillingBridge is a user-friendly platform for automation, communication, and reporting to streamline your revenue cycle. With detailed revenue cycle reports, project management, and account receivable tracking, you'll have all the key metrics in one place.
Our HBMA benchmarks for KPI metrics reporting include Days in Accounts Receivable (A/R) of 30-40 days, a Percentage of A/R Over 90 Days at 6%, a Non-Contractual Write-Off Percentage of less than 5%, the New Patient Ratio ranging from 25-50%, Payer Mix at 30%, and Referral Mix at 25%. Our reporting features involve tracking AR days, assessing adjustments, analyzing revenue and AR by the provider, evaluating rejection and denial rates, RVU tracking, calculating payroll, and appointment wait time, and providing KPI reports with transparency and 24-hour problem resolution TAT... http://bit.ly/3LhwkNjMedical Billing Services
Medical Billing ServicesBillingparadise- A California based revenue cycle management and EHR support Company
"Transforming Your RPA Account Receivable Automation Process with Automation" refers to the use of technology and software to streamline and improve the accounts receivable (AR) process of a business. Automation can help businesses to reduce the time and effort spent on manual tasks, minimize errors, and improve the overall efficiency and accuracy of their AR operations.
To Know More:http://bit.ly/3Kfw2WE
Account Receivable Automation (AR) process can be a time-consuming and often ...
Account Receivable Automation (AR) process can be a time-consuming and often ...Billingparadise- A California based revenue cycle management and EHR support Company
Robotic process automation (RPA) can improve the efficiency and accuracy of reliability-centered maintenance (RCM) tasks. RPA can automate routine tasks, process large volumes of data, and identify potential issues, enabling RCM service by RPA providers to provide more value to their clients and focus on more strategic activities.
To know more about the services we offer visit our website… http://bit.ly/3YCetEv
Creating Better RCM Service Automation By RPA.pptx
Creating Better RCM Service Automation By RPA.pptxBillingparadise- A California based revenue cycle management and EHR support Company
OBGYN billing services assist obstetrics and gynecology offices by handling insurance claims, managing patient co-payments and deductibles, providing financial reporting and analysis, and guaranteeing patient information security and confidentiality. Practices may focus on providing high-quality treatment to their patients while outsourcing their billing and financial management needs.
Checkout our page for more information…http://bit.ly/3xcOjfu
The Ultimate Guide To OBGYN BILLING SERVICES.pptx
The Ultimate Guide To OBGYN BILLING SERVICES.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Nephrology billing services are specialized medical billing services that help with billing and collection of expenses for nephrology-related medical treatments and procedures. These services ensure that medical practices receive the highest possible reimbursement for the medical treatment they deliver while still adhering to regulations and standards. They also help with coding, documentation, and appeals, making the billing process easier and more efficient for healthcare providers.
Visit our website to learn more…https://bit.ly/3wHpPKZ
Nephrology Billing Services.pptx
Nephrology Billing Services.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Group Practice Revenue Cycle Management Services are an important component of the healthcare business since they assist healthcare companies in managing the financial aspects of patient care. These services include insurance verification, invoicing and coding, claims administration, payment collections, and other responsibilities. The purpose of revenue cycle management is to simplify the reimbursement procedure for services supplied to patients while increasing income for the provider.
Visit our website to know more about Group Practice Revenue Cycle Management Services… http://bit.ly/3Yvcqli
Group Practice Revenue Cycle Management Services.pptx
Group Practice Revenue Cycle Management Services.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Verification of patient eligibility and benefits is the first step of any hospital, health system or medical group to get paid by the insurance companies. Many RCM staff are only able to obtain general benefits and fail to verify limitations, covered services, and utilization resulting in overwhelming denials.
Robotic process automation for patient eligibility and benefits is the ultimate solution for these problems.RPA bots have a protocol to use partial patient data to pull up possible patient information from various insurance that can be verified instantly. RPA bots can verify the eligibility of 100+ patients in a mere 5-10 minutes faster than any eligibility verification staff.
BilingParadise's RPA patient eligibility can save up to $160K per year compared to eligibility for FTE staff this is way higher cost saving and ROI. CFOs and RCM directors should consider this use case RPA for eligibility verification for better RCM performance.
BillingParadise’s RPA eligibility and benefits verification use case for hos...
BillingParadise’s RPA eligibility and benefits verification use case for hos...Billingparadise- A California based revenue cycle management and EHR support Company
Improve your OBGYN Practice’s Revenue by 60% in 1 month, how do you ask? well Working with ob-gyn centers for several years we’ve learned that the performance challenges vary and usually it is not just poor collections.
OBGYN medical billing and complete RCM operations services by BillingParadise...
OBGYN medical billing and complete RCM operations services by BillingParadise...Billingparadise- A California based revenue cycle management and EHR support Company
Optometry is a frequently visited specialty compared to other chronic conditions. Patients with vision problems will first consult an optometrist before they refer to an ophthalmologist. However, these frequent visits have their drawbacks as most optometry practices do not have the proper infrastructure to streamline their optometry medical billing services.
These optometry practices often face challenges and look for solutions like FTE billing staff, certified coders, and other front office solutions like appointment trackers, and patient eligibility verification platforms and choose to outsource each to separate service providers or third-party companies.
These challenges are eliminated by choosing the right outsourcing vendor that has complete revenue cycle solutions and billing services. BillingParadise's optometry medical billing services cover all aspects of optometry medical billing processes including patient call support. It eases your budget frustrations and allows your providers to provide better patient care. Streamline your optometry medical billing services with BillingParadise!
Create a well-functioning optometry medical billing by choosing a holistic bi...
Create a well-functioning optometry medical billing by choosing a holistic bi...Billingparadise- A California based revenue cycle management and EHR support Company
Group practices typically have a lot of internal departments that need constant communication and monitoring. CFOs and RCM directors who lead Revenue Cycle Management operations for these group practices have a hard time creating a budget to perform RCM operations because of incorrect reporting, invalid collections, and staff performance data.
This allows Group practices to gradually decline their financial performance and at the end of the day they seek out Group practice revenue cycle management services.
The reason why Group practices should outsource their revenue cycle management to RCM services providers is that it is completely handled by them thereby reporting to your CFOs and RCM directors on a daily basis in terms of net collections, gross collections, adjustments, and overall staff performance. BillingParadise's Group Practice Revenue Cycle Management Services covers end-to-end RCM services including automation platforms and dedicated managers and billing supervisors keeping you informed 24/7 365 days.
Group Practice Revenue Cycle Management Services along with automation expert...
Group Practice Revenue Cycle Management Services along with automation expert...Billingparadise- A California based revenue cycle management and EHR support Company
As COVID-19 cases reduce, there are still a few people with underlying medical conditions who are still prone to COVID-19 infection. For this reason, the US department of health and CDC has made it official that COVID-19 booster shots should be taken to avoid more spreading of the infection to other patients with the same underlying respiratory conditions. It is also mandatory that public and healthcare workers take booster shots as a preventive measure as they meet with more people on a daily basis. The new booster shots are Moderna bivalent and Pfizer-BioNTech’s bivalent boosters are recommended by the AMA.
New COVID-19 Booster Vaccine CPT codes.pdf
New COVID-19 Booster Vaccine CPT codes.pdfBillingparadise- A California based revenue cycle management and EHR support Company
The oncology specialty itself is complex, and medical billing for this specialty is way more complex. That is why many oncology practices choose to outsource the revenue cycle process to a specialized outsourcing partner.
Oncology medical billing services cannot be performed in-house unless the billers have a minimum of 3+ years of experience billing for oncology practices and not all oncology practices have the luxury of hiring from consulting agencies as they have to pay the fees and then pay the salary for in-house billers.
BillingParadise and its oncology billing services consist of billing staff that has 5+ years of experience in coding and billing for long-term oncology patients with precise quality and accuracy that most of our first-pass claims are always reimbursed in the first submission. 27/4 oncology billing services accompanied by various free platforms as an add-on, your oncology practice billing operations can prosper and get reimbursed!
Get your complete oncology billing services combined with add-on tools and au...
Get your complete oncology billing services combined with add-on tools and au...Billingparadise- A California based revenue cycle management and EHR support Company
Establishing a successful new podiatry practice is based on one singular point; how well the credentialing and contracting processes were done. Podiatry practices have a hard time getting credentialed with their desired insurance company and the patient population where their practices are located.
Hiring an in-house credentialing expert is very expensive for a new practice to afford. Outsourcing the credentialing services is a better option that way as a doctor you can get your practice set up while we at BillingParadise complete your credentialing applications and provide you with daily updates and get your practice up and running in no time.
New Podiatry Practice Credentialing and Contracting Services Benefits (1).pdf
New Podiatry Practice Credentialing and Contracting Services Benefits (1).pdfBillingparadise- A California based revenue cycle management and EHR support Company
MGMA’s 2022 Annual regulative Burden Report states that prior authorization processes and the no surprises act pose a major burden to both providers and patients. The reason why is that some of the patient’s treatment gets delayed due to late prior authorization approval and the no surprises act demands providers to provide accurate cost estimation of the procedures and the treatment that is yet to be done for the patients.
But what if BillingParadise says that we can hit 2 birds with one stone? our Prior-authorization and eligibility verification automation can fasten up the processes and provide accurate cost estimation!
Prior Authorization and No Surprises act Frustrating Medical Practices.pptx
Prior Authorization and No Surprises act Frustrating Medical Practices.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Surgery is one of the major types of medical procedures that need to be coded precisely to avoid any complaints from the payer as well as federal healthcare agencies. However, according to recent surveys, surgery coding has faced the most coding errors in the year 2022.
These coding errors are a product of inexperienced coders failing to code each and every procedure performed on the patient by reviewing the operative reports and charges carefully.
Outsourcing coding to dedicated surgery coding services with BillingParadise will solve this problem, why you ask? because our surgery coding services consist of 3 level coding verification method were a coder codes, then runs it through the NCCI edits, and then a coding auditor reviews it according to the charts or operative notes and then approves it to be billed. All these tasks happen within 24 hours and with 100% accuracy!
24 hours general surgery coding services for ASCs and surgical groups by Bill...
24 hours general surgery coding services for ASCs and surgical groups by Bill...Billingparadise- A California based revenue cycle management and EHR support Company
Claim AR management services for an individual doctor on average is $60,000 a year which is 20-30% of the collections received for the services provided to patients. For such an expensive process there is an inexpensive automation solution that does need to rest and can work 24 hours a day!
What kind of automation solution do you ask? well, it is accounts receivable automation powered by AI and machine learning RPA bots!
The benefits of having accounts receivable automation bots include less staff burnout and increased productivity, quality, and efficiency. Cost reduction and the consistency of analyzing the root causes of pending AR are impeccable, Accounts receivable automation bots can be custom-made to cross-verify your fee schedule, contracts, payer guidelines, and websites to determine the reason pending receivables and does the necessary follow-up to get reimbursed. Increase your practice collections within a month by implementing Accounts receivable automation technology!. For more details on Medical Billing services check Billingparadise
Collect more! Using BillingParadise’s Accounts Receivable automation solutions.
Collect more! Using BillingParadise’s Accounts Receivable automation solutions.Billingparadise- A California based revenue cycle management and EHR support Company
Podiatry practices have unique RCM Challenges. Identifying these challenges and solutions at the right time will help your practice stop revenue losses and increase overall financial performance.Unique Podiatry Practice RCM Challenges and Solutions to Overcome them (1).pptx
Unique Podiatry Practice RCM Challenges and Solutions to Overcome them (1).pptxBillingparadise- A California based revenue cycle management and EHR support Company
Outpatient RCM operations such as medical billing, coding, AR, and denial management are tedious from various aspects. Some of the problem areas such as in-house RCM team hiring, and maintaining those staff under the limited budget, and lack of experience in the practice's specialty all are reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders. RCM leaders like CFOs, CEOs, RCM directors, and VPs tend to outsource most of the RCM operations to third-party companies so that they can concentrate more on the clinical staff hiring, administration, and the primary core function of all excellent patient care.
Reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders.pdf
Reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders.pdfBillingparadise- A California based revenue cycle management and EHR support Company
The healthcare industry is presenting more challenges post-COIVID and the raising new challenges are unparalleled.
CFOs and RCM directors who are unaware of these challenges later realize that it is too late. Understanding the current challenges that are causes of frequent inefficiencies in both practice administration and revenue cycle management is key to implementing preventive measures and moreover adopting new innovative technologies and outsourcing methodologies that can save your healthcare practice more revenue that can be used to focus on core functions of any hospital, healthcare groups, and medical practices that are focusing on patient care and experience.Raising healthcare unparalleled challenges faced by CFOs and RCM directors.pdf
Raising healthcare unparalleled challenges faced by CFOs and RCM directors.pdfBillingparadise- A California based revenue cycle management and EHR support Company
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The article explores how Robotic Process Automation (RPA) can streamline Accounts Receivable (AR) processes. RPA is a technology that can automate repetitive tasks, reduce processing time, improve accuracy, and enhance data security. The article highlights the benefits of implementing RPA in AR processes and provides examples of how it can be used to automate tasks such as invoice creation, payment processing, and customer account management. The article emphasizes the need for organizations to evaluate their AR processes and identify areas where RPA can be implemented to achieve maximum efficiency gains. Overall, the article provides valuable insights into the benefits of implementing RPA in AR processes.
To explore more…http://bit.ly/43oWVOK
Accounts Receivable Automation
Accounts Receivable Automation Billingparadise- A California based revenue cycle management and EHR support Company
BillingParadise has helped many organizations and practices overcome their RCM challenges with our comprehensive medical billing services. Here are 7 common reasons why healthcare organizations, RCM directors, CFOs, practice admins, and practice managers reach out to us:
Unhappy with your EHR/EMR provider’s billing/RCM service
Unaware of technology solutions
Negligence of existing medical billing outsourcing partner
Lack of experienced staff
Improper practice management
Too many external audits
Unworked charge, AR, and denials
At BillingParadise, we have a 7-step approach to improving your practice's revenue:
Step 1: Revenue Analysis and Audit
We'll evaluate your revenue health by analyzing one year of financial data to provide insights on collections, bad debts, and revenue leaks. We'll help you determine collectible and non-collectible amounts and recover lost revenue from existing AR.
Step 2: Re-structure your Medical Billing
We'll evaluate your current medical billing process and set goals to increase revenue and improve patient satisfaction. Our team will provide support to your staff and implement updated operation modules.
Step 3: SOPs and EHR
We'll work with your practice manager or RCM director to develop and implement new SOPs that align with industry best practices. We'll also optimize the use of EHR systems to eliminate manual processes and increase efficiency.
Step 4: Flexible Medical Billing Staffing
We offer selective and temporary RCM process services to help fill gaps in your staffing.
Step 5: Round-the-clock Billing Support
Our 24/7 medical billing and RCM operations ensure timely claim submissions and reimbursement.
Step 6: Specialty-specific Medical Billing Services
We have experienced medical billing staff for various specialties, making it easy for specialty medical group owners or RCM directors to identify the right medical billing service provider.
Step 7: EMR/EHR Experience
We're specialized in major EHRs and can provide excellent medical billing services with the current EHR/EMR you use.
Technology plays a vital part in BillingParadise Medical Billing Services:
TeamBillingBridge is a user-friendly platform for automation, communication, and reporting to streamline your revenue cycle. With detailed revenue cycle reports, project management, and account receivable tracking, you'll have all the key metrics in one place.
Our HBMA benchmarks for KPI metrics reporting include Days in Accounts Receivable (A/R) of 30-40 days, a Percentage of A/R Over 90 Days at 6%, a Non-Contractual Write-Off Percentage of less than 5%, the New Patient Ratio ranging from 25-50%, Payer Mix at 30%, and Referral Mix at 25%. Our reporting features involve tracking AR days, assessing adjustments, analyzing revenue and AR by the provider, evaluating rejection and denial rates, RVU tracking, calculating payroll, and appointment wait time, and providing KPI reports with transparency and 24-hour problem resolution TAT... http://bit.ly/3LhwkNjMedical Billing Services
Medical Billing ServicesBillingparadise- A California based revenue cycle management and EHR support Company
"Transforming Your RPA Account Receivable Automation Process with Automation" refers to the use of technology and software to streamline and improve the accounts receivable (AR) process of a business. Automation can help businesses to reduce the time and effort spent on manual tasks, minimize errors, and improve the overall efficiency and accuracy of their AR operations.
To Know More:http://bit.ly/3Kfw2WE
Account Receivable Automation (AR) process can be a time-consuming and often ...
Account Receivable Automation (AR) process can be a time-consuming and often ...Billingparadise- A California based revenue cycle management and EHR support Company
Robotic process automation (RPA) can improve the efficiency and accuracy of reliability-centered maintenance (RCM) tasks. RPA can automate routine tasks, process large volumes of data, and identify potential issues, enabling RCM service by RPA providers to provide more value to their clients and focus on more strategic activities.
To know more about the services we offer visit our website… http://bit.ly/3YCetEv
Creating Better RCM Service Automation By RPA.pptx
Creating Better RCM Service Automation By RPA.pptxBillingparadise- A California based revenue cycle management and EHR support Company
OBGYN billing services assist obstetrics and gynecology offices by handling insurance claims, managing patient co-payments and deductibles, providing financial reporting and analysis, and guaranteeing patient information security and confidentiality. Practices may focus on providing high-quality treatment to their patients while outsourcing their billing and financial management needs.
Checkout our page for more information…http://bit.ly/3xcOjfu
The Ultimate Guide To OBGYN BILLING SERVICES.pptx
The Ultimate Guide To OBGYN BILLING SERVICES.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Nephrology billing services are specialized medical billing services that help with billing and collection of expenses for nephrology-related medical treatments and procedures. These services ensure that medical practices receive the highest possible reimbursement for the medical treatment they deliver while still adhering to regulations and standards. They also help with coding, documentation, and appeals, making the billing process easier and more efficient for healthcare providers.
Visit our website to learn more…https://bit.ly/3wHpPKZ
Nephrology Billing Services.pptx
Nephrology Billing Services.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Group Practice Revenue Cycle Management Services are an important component of the healthcare business since they assist healthcare companies in managing the financial aspects of patient care. These services include insurance verification, invoicing and coding, claims administration, payment collections, and other responsibilities. The purpose of revenue cycle management is to simplify the reimbursement procedure for services supplied to patients while increasing income for the provider.
Visit our website to know more about Group Practice Revenue Cycle Management Services… http://bit.ly/3Yvcqli
Group Practice Revenue Cycle Management Services.pptx
Group Practice Revenue Cycle Management Services.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Verification of patient eligibility and benefits is the first step of any hospital, health system or medical group to get paid by the insurance companies. Many RCM staff are only able to obtain general benefits and fail to verify limitations, covered services, and utilization resulting in overwhelming denials.
Robotic process automation for patient eligibility and benefits is the ultimate solution for these problems.RPA bots have a protocol to use partial patient data to pull up possible patient information from various insurance that can be verified instantly. RPA bots can verify the eligibility of 100+ patients in a mere 5-10 minutes faster than any eligibility verification staff.
BilingParadise's RPA patient eligibility can save up to $160K per year compared to eligibility for FTE staff this is way higher cost saving and ROI. CFOs and RCM directors should consider this use case RPA for eligibility verification for better RCM performance.
BillingParadise’s RPA eligibility and benefits verification use case for hos...
BillingParadise’s RPA eligibility and benefits verification use case for hos...Billingparadise- A California based revenue cycle management and EHR support Company
Improve your OBGYN Practice’s Revenue by 60% in 1 month, how do you ask? well Working with ob-gyn centers for several years we’ve learned that the performance challenges vary and usually it is not just poor collections.
OBGYN medical billing and complete RCM operations services by BillingParadise...
OBGYN medical billing and complete RCM operations services by BillingParadise...Billingparadise- A California based revenue cycle management and EHR support Company
Optometry is a frequently visited specialty compared to other chronic conditions. Patients with vision problems will first consult an optometrist before they refer to an ophthalmologist. However, these frequent visits have their drawbacks as most optometry practices do not have the proper infrastructure to streamline their optometry medical billing services.
These optometry practices often face challenges and look for solutions like FTE billing staff, certified coders, and other front office solutions like appointment trackers, and patient eligibility verification platforms and choose to outsource each to separate service providers or third-party companies.
These challenges are eliminated by choosing the right outsourcing vendor that has complete revenue cycle solutions and billing services. BillingParadise's optometry medical billing services cover all aspects of optometry medical billing processes including patient call support. It eases your budget frustrations and allows your providers to provide better patient care. Streamline your optometry medical billing services with BillingParadise!
Create a well-functioning optometry medical billing by choosing a holistic bi...
Create a well-functioning optometry medical billing by choosing a holistic bi...Billingparadise- A California based revenue cycle management and EHR support Company
Group practices typically have a lot of internal departments that need constant communication and monitoring. CFOs and RCM directors who lead Revenue Cycle Management operations for these group practices have a hard time creating a budget to perform RCM operations because of incorrect reporting, invalid collections, and staff performance data.
This allows Group practices to gradually decline their financial performance and at the end of the day they seek out Group practice revenue cycle management services.
The reason why Group practices should outsource their revenue cycle management to RCM services providers is that it is completely handled by them thereby reporting to your CFOs and RCM directors on a daily basis in terms of net collections, gross collections, adjustments, and overall staff performance. BillingParadise's Group Practice Revenue Cycle Management Services covers end-to-end RCM services including automation platforms and dedicated managers and billing supervisors keeping you informed 24/7 365 days.
Group Practice Revenue Cycle Management Services along with automation expert...
Group Practice Revenue Cycle Management Services along with automation expert...Billingparadise- A California based revenue cycle management and EHR support Company
As COVID-19 cases reduce, there are still a few people with underlying medical conditions who are still prone to COVID-19 infection. For this reason, the US department of health and CDC has made it official that COVID-19 booster shots should be taken to avoid more spreading of the infection to other patients with the same underlying respiratory conditions. It is also mandatory that public and healthcare workers take booster shots as a preventive measure as they meet with more people on a daily basis. The new booster shots are Moderna bivalent and Pfizer-BioNTech’s bivalent boosters are recommended by the AMA.
New COVID-19 Booster Vaccine CPT codes.pdf
New COVID-19 Booster Vaccine CPT codes.pdfBillingparadise- A California based revenue cycle management and EHR support Company
The oncology specialty itself is complex, and medical billing for this specialty is way more complex. That is why many oncology practices choose to outsource the revenue cycle process to a specialized outsourcing partner.
Oncology medical billing services cannot be performed in-house unless the billers have a minimum of 3+ years of experience billing for oncology practices and not all oncology practices have the luxury of hiring from consulting agencies as they have to pay the fees and then pay the salary for in-house billers.
BillingParadise and its oncology billing services consist of billing staff that has 5+ years of experience in coding and billing for long-term oncology patients with precise quality and accuracy that most of our first-pass claims are always reimbursed in the first submission. 27/4 oncology billing services accompanied by various free platforms as an add-on, your oncology practice billing operations can prosper and get reimbursed!
Get your complete oncology billing services combined with add-on tools and au...
Get your complete oncology billing services combined with add-on tools and au...Billingparadise- A California based revenue cycle management and EHR support Company
Establishing a successful new podiatry practice is based on one singular point; how well the credentialing and contracting processes were done. Podiatry practices have a hard time getting credentialed with their desired insurance company and the patient population where their practices are located.
Hiring an in-house credentialing expert is very expensive for a new practice to afford. Outsourcing the credentialing services is a better option that way as a doctor you can get your practice set up while we at BillingParadise complete your credentialing applications and provide you with daily updates and get your practice up and running in no time.
New Podiatry Practice Credentialing and Contracting Services Benefits (1).pdf
New Podiatry Practice Credentialing and Contracting Services Benefits (1).pdfBillingparadise- A California based revenue cycle management and EHR support Company
MGMA’s 2022 Annual regulative Burden Report states that prior authorization processes and the no surprises act pose a major burden to both providers and patients. The reason why is that some of the patient’s treatment gets delayed due to late prior authorization approval and the no surprises act demands providers to provide accurate cost estimation of the procedures and the treatment that is yet to be done for the patients.
But what if BillingParadise says that we can hit 2 birds with one stone? our Prior-authorization and eligibility verification automation can fasten up the processes and provide accurate cost estimation!
Prior Authorization and No Surprises act Frustrating Medical Practices.pptx
Prior Authorization and No Surprises act Frustrating Medical Practices.pptxBillingparadise- A California based revenue cycle management and EHR support Company
Surgery is one of the major types of medical procedures that need to be coded precisely to avoid any complaints from the payer as well as federal healthcare agencies. However, according to recent surveys, surgery coding has faced the most coding errors in the year 2022.
These coding errors are a product of inexperienced coders failing to code each and every procedure performed on the patient by reviewing the operative reports and charges carefully.
Outsourcing coding to dedicated surgery coding services with BillingParadise will solve this problem, why you ask? because our surgery coding services consist of 3 level coding verification method were a coder codes, then runs it through the NCCI edits, and then a coding auditor reviews it according to the charts or operative notes and then approves it to be billed. All these tasks happen within 24 hours and with 100% accuracy!
24 hours general surgery coding services for ASCs and surgical groups by Bill...
24 hours general surgery coding services for ASCs and surgical groups by Bill...Billingparadise- A California based revenue cycle management and EHR support Company
Claim AR management services for an individual doctor on average is $60,000 a year which is 20-30% of the collections received for the services provided to patients. For such an expensive process there is an inexpensive automation solution that does need to rest and can work 24 hours a day!
What kind of automation solution do you ask? well, it is accounts receivable automation powered by AI and machine learning RPA bots!
The benefits of having accounts receivable automation bots include less staff burnout and increased productivity, quality, and efficiency. Cost reduction and the consistency of analyzing the root causes of pending AR are impeccable, Accounts receivable automation bots can be custom-made to cross-verify your fee schedule, contracts, payer guidelines, and websites to determine the reason pending receivables and does the necessary follow-up to get reimbursed. Increase your practice collections within a month by implementing Accounts receivable automation technology!. For more details on Medical Billing services check Billingparadise
Collect more! Using BillingParadise’s Accounts Receivable automation solutions.
Collect more! Using BillingParadise’s Accounts Receivable automation solutions.Billingparadise- A California based revenue cycle management and EHR support Company
Podiatry practices have unique RCM Challenges. Identifying these challenges and solutions at the right time will help your practice stop revenue losses and increase overall financial performance.Unique Podiatry Practice RCM Challenges and Solutions to Overcome them (1).pptx
Unique Podiatry Practice RCM Challenges and Solutions to Overcome them (1).pptxBillingparadise- A California based revenue cycle management and EHR support Company
Outpatient RCM operations such as medical billing, coding, AR, and denial management are tedious from various aspects. Some of the problem areas such as in-house RCM team hiring, and maintaining those staff under the limited budget, and lack of experience in the practice's specialty all are reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders. RCM leaders like CFOs, CEOs, RCM directors, and VPs tend to outsource most of the RCM operations to third-party companies so that they can concentrate more on the clinical staff hiring, administration, and the primary core function of all excellent patient care.
Reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders.pdf
Reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders.pdfBillingparadise- A California based revenue cycle management and EHR support Company
The healthcare industry is presenting more challenges post-COIVID and the raising new challenges are unparalleled.
CFOs and RCM directors who are unaware of these challenges later realize that it is too late. Understanding the current challenges that are causes of frequent inefficiencies in both practice administration and revenue cycle management is key to implementing preventive measures and moreover adopting new innovative technologies and outsourcing methodologies that can save your healthcare practice more revenue that can be used to focus on core functions of any hospital, healthcare groups, and medical practices that are focusing on patient care and experience.Raising healthcare unparalleled challenges faced by CFOs and RCM directors.pdf
Raising healthcare unparalleled challenges faced by CFOs and RCM directors.pdfBillingparadise- A California based revenue cycle management and EHR support Company
Más de Billingparadise- A California based revenue cycle management and EHR support Company (20)
Account Receivable Automation (AR) process can be a time-consuming and often ...
Account Receivable Automation (AR) process can be a time-consuming and often ...
Creating Better RCM Service Automation By RPA.pptx
Creating Better RCM Service Automation By RPA.pptx
Group Practice Revenue Cycle Management Services.pptx
Group Practice Revenue Cycle Management Services.pptx
BillingParadise’s RPA eligibility and benefits verification use case for hos...
BillingParadise’s RPA eligibility and benefits verification use case for hos...
OBGYN medical billing and complete RCM operations services by BillingParadise...
OBGYN medical billing and complete RCM operations services by BillingParadise...
Create a well-functioning optometry medical billing by choosing a holistic bi...
Create a well-functioning optometry medical billing by choosing a holistic bi...
Group Practice Revenue Cycle Management Services along with automation expert...
Group Practice Revenue Cycle Management Services along with automation expert...
Get your complete oncology billing services combined with add-on tools and au...
Get your complete oncology billing services combined with add-on tools and au...
New Podiatry Practice Credentialing and Contracting Services Benefits (1).pdf
New Podiatry Practice Credentialing and Contracting Services Benefits (1).pdf
Prior Authorization and No Surprises act Frustrating Medical Practices.pptx
Prior Authorization and No Surprises act Frustrating Medical Practices.pptx
24 hours general surgery coding services for ASCs and surgical groups by Bill...
24 hours general surgery coding services for ASCs and surgical groups by Bill...
Collect more! Using BillingParadise’s Accounts Receivable automation solutions.
Collect more! Using BillingParadise’s Accounts Receivable automation solutions.
Unique Podiatry Practice RCM Challenges and Solutions to Overcome them (1).pptx
Unique Podiatry Practice RCM Challenges and Solutions to Overcome them (1).pptx
Reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders.pdf
Reasons for Outpatient RCM services Outsourcing by 22% of RCM Leaders.pdf
Raising healthcare unparalleled challenges faced by CFOs and RCM directors.pdf
Raising healthcare unparalleled challenges faced by CFOs and RCM directors.pdf
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9 tips to overcome 5 monumental medical practice collection blunders
- 1. 9 Tipsto Overcome5 MonumentalMedical PracticeCollectionBlunders! Presented by, Adam Deny Smith, BillingParadise
- 2. Ensure patient balances are collected at the time the services are provided
- 3. Ensure and verify that the staff determines the patient's portion of payment information, during the benefit insurance eligibility verification process and prior to appointments
- 4. Educate the staff on how to find out the patient's deductible and coinsurance charges
- 5. Maintain a fee-schedule chart listing commonly used codes and each payer's corresponding contracted rate.
- 6. Ensure the patients are explained their portion of the bills
- 7. Verify benefits and confirm insurance.
- 8. Re-evaluate, resubmit, and monitor claim denials
- 9. Utilize collections-related technology software tools that makes your task easier
- 10. Implement a patient portal that facilitates online bill payment.
- 11. Drop your queries on Denial Claims to info@billingparadise.com For more information, visit us http://www.BillingParadise.com