Healthcare companies face many challenges in their billing process but an issue on which healthcare providers are always threatened is fraud and abuse. They are threatened by these illegal activities because they directly impact the revenue of healthcare companies. That’s why it is critical to understand these illegal activities and take proper precautions to protect…
The success and revenue of any organization depend on the number of components but the most important is finance. Lag days play a critical role in streamlining the flow of your revenue. Most people hear the term lag days for the first time and are unaware of it but this term is important for healthcare…
Patient safety is the subset of healthcare organizations and is considered to be an important tool for improving healthcare quality and safety. It is the process of avoiding, preventing, and improving the harmful effects of technology on patient data. From electronic health records (EHRs) to telemedicine platforms, the utilization of advanced technology has significantly enhanced the efficiency…
In the medical billing field patient security is the main concern for healthcare providers because patients data contain some sensitive information. To secure this data a piece of legislation called HIPAA compliance was introduced in the healthcare industry of the US in 1996. The primary objective of HIPAA compliance is to ensure the security and…
Many people get confused when they hear the phrase “scrubber” for the first time. Scrubbers, however, are an essential first line of defense against expensive mistakes and inefficiencies in the field of healthcare revenue cycle management. Understanding and using scrubbers’ capabilities is crucial for healthcare organizations’ financial stability, as even little errors can result in substantial…
For medical facilities and health care organizations to be financially sustainable, effective revenue management is essential. But the complex world of medical billing frequently brings with it difficulties that, if not handled well, can result in lost income. ZMB provides a wide range of tried and tested strategies designed to reduce revenue loss and maximize…
The most crucial phase in the medical billing process is collecting patient payments. The simpler the process, the more chances to cause any barrier. Payment is the first step in every transaction. You can see its real time examples around you, such as how PayPal and Amazon got their start by providing simple methods to view their payment plans…
Table of Contents ZEE Medical Billing’s Strategy for Turning Challenges into Financial Success Revenue cycle management is the most notable feature of healthcare companies. Healthcare providers face unique challenges at every point of the patient journey, from admission to post-care invoicing, which, if ignored, can result in significant revenue loss. As an experienced company from the…
Payor contracts are another crucial component of medical billing that is becoming increasingly essential. Building long-term relationships with payors and guaranteeing timely reimbursement for medical services depend on the establishment of efficient payor contracts. But in order to accomplish these goals, optimal practices that maximize income streams and negotiate advantageous contract conditions must be followed.…
CPT codes serve as the universal language of medicine, facilitating accurate reporting and billing for medical services. The CPT codes are updated to properly represent changes in medical practices, technology, and procedures. The CPT code set is updated annually by the CPT Editorial Panel, the Centers for Medicare and Medicaid Services (CMS), and the American Medical…
