Medical Coding, Collection, Physician Billing and Medical Revenue Cycle Management – there is no question, it is the lifeline of your practice. You have invested in a business plan and are keenly aware of your goals. You know the sequential steps it takes each day to welcome a new patient, consult with them, treat them, ensure that the staff is charting correctly, following protocol, scheduling follow up appointments and submitting your invoice to insurance companies for reimbursement of your resources invested. From there it takes anywhere between 30-90 days to get paid, depending on who is liable to reimburse you. . [...]
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revMD.com, a leading provider of physician billing and coding services is celebrating 35 years of helping physicians leverage their revenue cycle and provide value in their practices. In 1985, brothers Christopher and Anthony Asterino, CPA opened their doors in Albany, the capital city of New York State. Albany, known for its rich history, commerce, culture, architecture, and institutions of higher education, is also home to some of the coldest winters in the country, which was one of the reasons the brothers moved west and made Scottsdale, Arizona home base in 1996.For 35 years the company has built a reputation on their [...]
Software upgrades to implement. Training classes to administer. Although your medical revenue cycle management faces several ICD-10 challenges that require tackling prior to the Oct. 1, 2014 “go live,” the biggest challenge may just be keeping the lights on in the months after the deadline. That’s because there’s also the worry about reduced productivity as clinical and clerical staff deploy a vastly different code set for filing claims. This can result from physician medical billing and coding errors, insufficient documentation and increased payer scrutiny of claims. Denial rates also may increase along with a corresponding increase in accounts receivable days. “The [...]
Brace for impact. Your medical practice is at risk for hitting turbulent waters if you’re not adequately prepared for the ICD-10 transition on Oct. 1, 2014. Preparations not only need to include all the steps leading up to the “go live” but also those associated with continued flow of your healthcare revenue cycle management in the months that follow. Did you know you’re at risk for insufficient documentation, coding errors, and increased payer scrutiny of claims? Denial rates also may take a turn for the worse, with a correlating increase in accounts receivable days. Without the right medical coding, billing and [...]