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How Hospitals Can Improve ROI through Revenue Cycle Management

Revenue cycle management is the process that manages claims processing, payment and revenue generation, and often entails the use of technology to keep track of the claims process at every check point.  Effective revenue cycle management will maximize the return on investment of a hospital. If you don’t have a good system in place, it can be challenging to juggle the various overhead […]

Four Steps To Help Make Provider Credentialing Mistakes Disappear

Four Steps To Help Make Provider Credentialing Mistakes Disappear

It’s very essential to be a provider with government and commercial insurance companies. Your practice needs steady patient referrals not to mention cash flow, but Are you mired down in the provider credentialing processes by making these common mistakes? Whether it’s a simple human error or an inefficient process, making a mistake could impact your […]

Five Ways For Improving Hospital Billing and Collections Processes

How Hospitals Can Improve Their Billing and Collections Processes It’s not uncommon for hospitals to grapple with account resolution problems, and revenue cycle management is an ongoing challenge for even the best-run hospitals.  In 2018, many hospitals are struggling to collect payments from not only patients, but insurance companies too.  It can be argued that […]

New Meaningful Use Program: How Does This Affects Hospitals and Healthcare Providers

New Meaningful Use is defined by the use of certified electronic health record technology in a meaningful manner, ensuring that the certified EHR technology is connected in a manner that ultimately improved the quality of care. This concept of meaningful use was enacted with the American Reinvestment & Recovery Act in February of 2009; an effort led […]

Why Mergers and Acquisitions Provide Solutions for DME Suppliers

Mergers and acquisitions have become a reality in today’s increasingly competitive home medical equipment marketplace. This means smart providers need to understand How M&As work, and how they might ultimate fit into their business strategies? Times are tough for smaller DME suppliers, but the changing healthcare landscape is also impacting larger entities.  Rising costs and […]

Pharmacy Accreditation: Building Community, Building Credibility

Pharmacy accreditation is not just about revenue streams it’s also about being able to service your community. Many pharmacies are exploring the issue of accreditation. They wonder: What will it take?  Will it be worth the time, effort, and investment? Like other DME retailers, pharmacies that want to sell Medicare-reimbursable products first need to become […]

DME Suppliers: Reinvention Of Your DME

Reinvention is a transformation into a new form of yourself and your business that always requires changes in your approach. People have thrown around the words “re-invent,” “re-imagine,” and “re-purpose” in regards to their career, their life’s goals, their outlook, and their businesses quite a bit in the last decade.  It is considered chic to reinvent […]

How Do I Get Authorize to Sell DME and Bill Medicare?

As a Medicare approved DME supplier, you are in a better position to win sales over your competition. DME suppliers who are not Medicare approved will have difficulty receiving compensation and billing Medicare to help offset the costs of DME sales. According to the United States Department of Labor, employment in the medical equipment industry is […]

Medical Billing and Coding Trends to Look Out for in 2018

For anyone dealing with the medical billing and coding aspect of running any size of medical practice, it’s clear that information about medical billing, coding and financial administration is a powerful asset. Expert organizations like Deloitte projected that between 2015 and 2020, healthcare spending will increase from 2.4% to a whopping 7.5%. Even though the […]