johncogger-blog

[johncogger-blog]

Without a viable revenue cycle management system, the survey says, “82 percent hospitals will overlook value-based reimbursement and 85 percent may opt for consulting services.

https://www.billingparadise.com/blog/implement-appropriate-rcm-solution/

#AnalyticsTools RCM RCMAutomationProcess RCMOptimization RCMsolutions TransitionalPlans valuebasedreimbursement

[johncogger-blog]

According to a new Black Book survey, nearly one-quarter of healthcare facilities in the US haven’t yet implemented a full-fledged revenue cycle management solution.http://bit.ly/2KDaoO9

#AnalyticsTools RCM RCMAutomationProcess RCMOptimization RCMsolutions TransitionalPlans valuebasedreimbursement

[johncogger-blog]

Well-Organized Healthcare Reimbursements are Largely Dependent on Efficient Coding Analysis

The health of any physical practice is linked to a steady inflow of reimbursements, and what drives this inflow is accurate coding analysis. It’s that part of the revenue cycle that needs to be well lubricated in order for it to be constantly in motion. The process of reimbursement begins as soon as a patient with a health coverage policy contacts a hospital or clinical practice for the treatment of an illness.

Hereon, for the services rendered to the patient, and for the practice to get paid, the billing protocol has to be in accordance with a set of codes relevant to the disease diagnosed, procedures performed or treatment rendered. These are healthcare compliances mandated by the Department of Health and Human Services (HHS). The federal agency, Centers for Medicare and Medicaid Services (CMS) is the regulatory authority for medical coding.

to read more, How to influences your healthcare organization reimbursement?

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[johncogger-blog]

The value-based reimbursement contract necessitates providers to improve on all aspects of organizational performance.

Lack of enthusiasm seems to have overtaken hospital CFO’s to manage the financial implications arising out of value-based reimbursement and care delivery models. 

Kaufman Hall, the consulting firm in their recent survey approached several prominent CFOs and senior finance executives representing the healthcare industry to understand and know their performance management goals and challenges.

‘Off the 160 hospitals surveyed, only 13 percent of organizations were ready with plans to manage the unfolding payment and care delivery models using their current financial planning and processing tools’

to read more, visit this Declining Reimbursement Rates in Healthcare

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[johncogger-blog]

Revenue cycle management is one of the core processes that can build or wreck a clinical practice. No matter how big or small a practice, RCM is like the pulse that always must beat. Practice owners are often confronted with situations when they realize that patient-care was falling into a state of neglect because a lot of their prime time was being spent on in-house revenue cycle management.

So here are some of the guidelines that can help in their decision making.

For More details, Visit: Medical Billing Service Provider

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Are you going to hire a medical billing company? Stop in your tracks. Here're 17 critical factors to look for before selecting one.

This is the Video Explains the factors that medical practices should consider while choosing a medical billing service provider.

Outsourcing your claims to a third party medical billing service can make or break your healthcare organization.

A very good medical billing service will get you on the path to making tens or hundreds of thousands of dollars every month, but a company with ineffective practices could cripple any existing revenue your practice makes.

For more info, click this link: The Best Medical Billing Service - 17 Factors Checklist

10 reasons why medical practices prefer working with medical billing service companies

Medical billing service in Texas

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For more information, contact:

Phone: [phone]

Visit this link for more references Website, Facebook, Twitter, LinkedIn, Google+, YouTube

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[johncogger-blog]

Over the years BillingParadise has been featured in top publications, ranked amongst the best revenue cycle management companies and become a byword for groundbreaking billing services.

Today we’ve shared a list that compiles all the revenue cycle management tips suggested by BillingParadise that have been published in the premier healthcare publication, BeckersHospitalReview.com.

To read more, Revenue Cycle Management Best Practices from BillingParadise

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[johncogger-blog]

Recent changes in the healthcare industry have made CFOs and practice managers of healthcare organizations review their practice’s revenue cycle efficiency. 

In order to help CFOs evaluate their organization’s performance, financial KPIs are used. Key Performance Indicators or KPIs help CFOs compare their healthcare organization’s performance to other organizations like theirs. So instead of just trying to fix something internally, looking at fellow organizations can help remove major flaws (if any) in the system.

‘To effectively track healthcare revenue cycle performance, provider organizations should develop key performance indicators (KPIs)’, advises Sandra Wolfskill, Director of Healthcare Finance Policy and Revenue Cycle MAP at the Healthcare Financial Management Association (HFMA).

KPIs are usually used to measure an organization’s performance across different areas like operations, finance, etc. 

But financial KPIs are used to evaluate an organization’s efficiency from a financial standpoint.

7 Financial KPIs every CFO must track:

1. Days Cash on Hand 2. Operating margin 3. Projections 4. Days in Accounts Receivable 5. Gross Collections Ratio 6. Claim denial rate 7. Bad Debts

To Read More Details, Visit this page: Financial KPIs every CFO must track

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[johncogger-blog]

Is it good to have a hospital's revenue cycle management outsourced? - BillingParadise

Benefits of outsource your Hospital’s RCM operations! - The revenue cycle is a critical building block on which all transformation efforts rest. The relationship between revenue cycle vendors and hospitals has changed from a mere contractual relationship to a long-term partnership that will help them transition towards new payment models, experiment with revenue cycle tools and meet compliance demands.  

But there is one piece of the puzzle that is forever missing. Transparency. Transparency is the cornerstone of any long term partnership but most healthcare organizations don’t have a clear window into their revenue cycle operations.

According to a survey by HIMSS analytics, 69% of healthcare organizations surveyed revealed that they used multiple vendor solutions to manage their revenue cycle. 

This laundry list of systems adds to operational costs and makes monitoring the revenue cycle a nightmare.

To effectively contain costs and gain more transparency into operations it is imperative that hospitals partner with revenue cycle vendors who offer an integrated RCM solution that eliminates the need for multiple vendor systems. A culture of accountability has to be fostered to gain insights into the many moving parts of the revenue cycle structure.

What to look for while partnering with a revenue cycle management vendor?

To avoid the additional costs and headache of working with multiple systems hospitals must work with a revenue cycle vendor who offers a comprehensive set of revenue cycle and change management tools that offer enhanced reporting capabilities and big-picture insights, to read more

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[johncogger-blog]

Here is a free download of our Ob-Gyn coding updates and challenges webinar conducted by Lisa Maciejewski-West, CMC, CMOM, CMIS, MCS-P, REGIONAL DIRECTOR - TEXAS.

To read more details, Click this Link: OBGYN WEBINAR 2019

Know How BillingParadise increased 60% revenue for an OB/GYN Center - Case Study

For more details,

Contact: 1-888-571-9069

Website: https://www.billingparadise.com

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[johncogger-blog]

In this video, Teresa the office manager of an ob-gyn practice shares her wonderful experience of working with BillingParadise explains about the strategies followed to improve her bottom line and why she feels BillingParadise is a paradise for billing.

The video includes the concept of

Do you think BillingParadise understands ob-gyn specific billing guidelines?

Oh, very well. They understand the coding and the procedures that the doctors perform at the hospital and office, very familiar with the terminology.

How much has your ob-gyn center's revenue increased after working with us?

We definitely had seen an increase in revenue. Money coming quicker and everything happening fast and everything smooth. So BillingParadise has definitely has made my job lot easier to do. So I very happy.

BillingParadise is paradise for billing, definitely.

How proficient are we in working with the eClinicalWorks EHR?

So there is a big difference because the way we were doing it before was outside of the eClinicalWorks which are our electronic charting system. So now that we are billing in the charting system it’s just so much easier even to get paid. So payment is quicker, more thorough, there is just no – there are no hiccups. And if there was before it would just take more time to figure out where with the way that Billing Paradise works with us and our eClinical system.

It’s just, its smooth, it’s a smooth process, it’s easier, generates more income that we have noticed and definitely seeing an increase and happy patients as far as when they have to make payments.  Insurance companies, everything communicates really well together.

How would you rate Billing Paradise amongst other billing companies in Northern California?

I would rate them, I mean off the chart they are phenomenal billing company to work with. The company we were using before it’s like night and day, compare the two. I love the advanced technology and any interaction that I’ve had with Billing Paradise has always been positive and outcomes have always been positive.

What do you think about teambillingbridge – The revenue reporting and workflow management app?

I think they are definitely ahead of the curve. I like that they are advanced, they are definitely with the times. The Team Billing Bridge is going to be a nice way to communicate through their app, so we're just kind of softly getting introduced to this new technology and it is phenomenal like I am so excited about it.

How responsive is billing paradise’s team?

They are very responsive, easy to get in touch with, any questions that I have had I can relate, I have to go to representative William that I work a lot with.  And Maria also – our nurse practitioner and our certified midwife here, she works with him as well. Any coding or diagnosis or any – they are just – they are very easy to work with, there has not been that one issue that I can even think of.

Would you recommend Billing Paradise to your peers?

Absolutely, I would definitely recommend them.  I have recommended them and I think that Billing Paradise is the way to go as far as, you know – if, especially with paper – paperless charting that we do, it’s just easier to communicate with companies that know what they are doing and that are up with the times.  So yes if you want advanced technology with Billing, Billing Paradise is your go to.

Familiar with the paperless charting company that we use – so and many others as I have heard. So it was nice to just kind of jump right – right in and communicate through the patient portal and know exactly what terminology we are using.  We can totally relate as far as the company that we use for our paperless charting, they are very familiar with it and it works well with our billing, yeah.

For more information,

Visit our website, Facebook, Twitter, Linked In, Google+, YouTube.

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TeamBillingBridge | Denial Metrics Reports - Revenue Cycle Workflow - Denial management - Software - Denial Metrics Report BillingParadise - denial analytics tool - Denial management in healthcare - Denial Management System

Denial Management System

what is Denial management :

Failing to adequately work denials from insurers translates to lost revenue for your medical practice.

BillingParadise has developed a dedicated software for workflow management. A web application that addresses the revenue cycle challenges of single physician practice owner to Hospital CFOs. From tracking denials to Cross-team collaboration to monitor denial workflow and generating reports with just a few clicks.

We have given a simple demo of denial management process optimization and workflow management module here.

This demo will walk you through, how decision makers like you can zero-down on denied claims. Thus increase revenue by improving productivity and cut costs.

Check out our denial manager tool. 

We offer software as a service package. Call [phone]

For more information, contact:

BillingParadise 2009 N. Lynn Taylor, TX 76574, The United States. Phone: [phone]

Visit our website, Facebook, Twitter, Linked In, Google+, YouTube.

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[johncogger-blog]

This Video Explains " Co-Managed Revenue Cycle Management Services Of BillingParadise ".

Click here for " BillingParadise Revenue Cycle Management Blog. 

For more information, contact:

BillingParadise 2009 N. Lynn Taylor, TX 76574, The United States. Phone: [phone]

Visit our website, Facebook, Twitter, Linked In, Google+, YouTube. 

#Co-managed revenue cycle management app #Co managed revenue cycle management software #Co managed revenue cycle management tool #revenue cycle management #revenue cycle management app #revenue cycle management tool #revenue cycle management software #revenue cycle management services #co-managed revenue cycle management services #medical billing company #medical billing service #medical billing services #medical billing companies in USA #billing services #outsourcing company #third party medical billing service #3rd party medical billing company

[johncogger-blog]

Denials are a drain on revenue and the average cost of handling a medical claim denial has significantly gone up over the years.

Denial Management System

BillingParadise’s denial management system categorizes denials, assigns work queues, creates follow-up lists, lets users track the progress of denials followed up on and bubbles up denial patterns. This is a snappy video demo of our all-new denial management system that has found a firm place in the tech toolkit of healthcare organizations across the USA.

Denial Management Services

For More Information, contact:

BillingParadise 2009 N. Lynn Taylor, TX 76574, The United States. Phone: [phone]

Visit our website,  Facebook, Twitter, Linked In, Google+, YouTube.

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[johncogger-blog]

Join us for an insightful and engaging webinar on ob gyn coding. The webinar, hosted by Lisa West, CMC, CMOM, CMIS, MCS-P certified coding specialist, covers a wide range of topics.

#cpt code update challenges webinar #webinar #obgyn webinar #cpt coding webinar #icd 10 coding webinar updated #code updated and challenges webinar #obgyn coding cpt code update webinar 2019

[johncogger-blog]

OB/GYN Coding Updates and Challenges Webinar:

The end of the year is the perfect time to spend an hour with billing and coding expert Lisa Maciejewski West, CMC, CMOM, CMIS, MCS-P. Lisa will bring you an update on the top coding changes affecting OB/GYN for 2019, and discuss some of the common billing/reimbursement traps in OB/Gyn revenue cycle management.

Topics of Discussion will include:

2019 ICD10 and CPT code updates

Top 5 Denials in OB/GYN Billing and what to do about it

Pregnancy- when to bill per visit and when to bill global

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[johncogger-blog]

This Video Explores " How An OBGYN Practice based in California saw tremendous revenue growth working with BillingParadise.”

How to improve your OBGYN Practice’s Revenue by 60% in 3 months

This is the Story Of OBGYN Practice Increase their revenue.

Here is the Successful story Of  Obgyn Center from California.

An Obgyn Victoria Helen from Texas drives into UB Obgyn group, in California. Dr.Victoria Helen is here to visit Dr.Vlad her brother working in UB Obgyn Group. She meets Dr.Kendra Brown, surprisingly. Dr. Kendra Brown is a colleague of Dr.Victoria Helen. She comes to know Dr. Kendra Brown who is a doctor and owner of UB Obgyn group.

She was so excited to meet her and discusses her profession and UB Obgyn group. Dr.Kendra Brown, explains how she was happy in her profession and how successfully she operates UB Obgyn group profitably.

Now, Dr.Victoria Helen face become dull and upset. Dr.Kendra Brown asks the reason for her sudden sadness. She started explaining her problems in operating her Obgyn Practice at Florida due to reimbursement issues and denials. So, she had lost 75% revenue From her Practices, which several years ago was so profitable.

Dr.Kendra Brown, asks about Dr. Victoria Helen’s billing company. She said she fired her billing company and currently operates with in-house billing team for few years though it was not helpful.

Then Dr.Kendra Brown introduces BillingParadise and explains the challenges she had in operating her large Ob-gyn group of California. How she struggles to identify the gaps in her revenue cycle.

How she came to know about BillingParadise. One of her Midwife Maria introduced and recommended Dr.Kendra Brown about BillingParadise and her experience with the company.

Then she explains how BillingParadise sorted out the issues in her Obgyn practice cash flow. What changes they made into her revenue cycle and how they increased 60% more in just a few months.

She also told her BillingParadise luckily have their offices in Florida, Texas, Minnesota, and Georgia, California. So she recommended to visit BillingParadise sometime to bring changes to her revenue cycle and there is nothing to worry about it later.

So she asked her friend to visit BillingParadise and resolve her revenue cycle problems.

For more information, contact:

BillingParadise 2009 N. Lynn Taylor, TX 76574, The United States. Phone: [phone]

Visit the website, Facebook, Twitter, Linked In, Google+, YouTube.

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