Ambulatory surgery centers (ASCs) have become an integral part of modern healthcare by providing specialized outpatient surgical services. However, managing the financial aspect of an ASC is no small task. Revenue cycle management (RCM) and billing processes require accuracy and efficiency to ensure that payments are accurate, timely, and compliant...
Implementing the Full-Time Equivalent (FTE) Model for Optimal Practice Performance
The healthcare industry has always faced challenges in managing resources efficiently. With rising costs, evolving regulations, and increasing patient demands, it’s crucial to find solutions that ensure both operational efficiency and financial health. One powerful strategy that medical practices can adopt is the Full-Time Equivalent (FTE) model. This model is...
Mental Health Billing Challenges and Navigating Insurance Complexities for Better Care
Billing for mental health services comes with a unique set of challenges, from navigating complicated insurance requirements to managing varying levels of coverage. For many providers, these complexities can become overwhelming, leading to increased administrative costs and delayed payments. However, by understanding these challenges and choosing the right solutions, mental...
Is Your Practice Ready to Deal with Cardiology Billing Challenges?
Cardiology billing involves the documentation and coding of cardiovascular procedures and diagnoses to ensure accurate reimbursement from insurance providers. This process is integral to securing proper payment and maintaining compliance with healthcare regulations. As cardiology continues to advance with new technologies and procedures, practices face unique billing challenges that require...
What Strategies Can Healthcare Practices Use to Maximize Their MIPS Scores?
The transition from volume-based to value-based care in the healthcare industry has been significantly influenced by the Medicare Access and CHIP Reauthorization Act (MACRA). A key component of this act is the Merit-based Incentive Payment System (MIPS), which plays a crucial role in determining how healthcare providers are reimbursed under...
