Medical Billing

Most of the practices are always behind the insurance collection, drilling down and trying to zero out the insurance receivable balance. Well that is really great because major portion of the payment is from insurance. Still we should not forget other side of collections especially patient. If any practice has a good practice towards patient collection they can consistently improve some percentage on monthly collections. Policy for patient balance: You practice need to have a well written policy for self pay and patient out pocket expenses, also keep your policy short & simple. Also make sure your patient review your policy.  Use the Technology: We can use the technology, like patient can able to pay through online, check, cash, Money order giving access to the patient to make payment through all the mode, also portal where can access any time and see the balance he owes and past/future appointment etc., and patient getting automated alert regarding his balance

We all know October 1 st 2014 ICD – 10 will implement, here is small preparation guide. If you follow the small steps we can happily say bye to ICD-9 and welcome ICD-10. Deadline:   ICD stand for International classification of diseases is the standard diagnostic tool for epidemiology, health management and clinical purposes. ICD-10 was endorsed by the Forty-third World Health Assembly in May 1990 and came into use in WHO Member States as from 1994.  The code set allows more than 14,400 different codes and permits the tracking of many new diagnoses. The codes can be expanded to over 16,000 codes by using optional sub-classifications. The detail reported by ICD can be further increased, with a simplified multi-axial approach, by using codes meant to be reported in a separate data field. Many countries all ready started using ICD-10, United Sates is trying to implement from 2009 and fixed the deadline as October 1 st 2014, so how well physicians, Medical staff, fr