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Showing posts from February, 2023

CMS is Reviewing MIPS Data for Physicians and Extending the Deadline

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The Deadline for Data Submission Has Been Extended The Centers for Medicare and Medicaid Services CMS is allowing more time for physicians to participate in the Merit-Based Incentive Payment System MIPS 2022 submissions to utilize an excessive and uncontrollable circumstance (EUC) waiver order that limits the negative impact of the high-quality information to their frauds. Doctors, digital teams, and as well as others have the last date of 31st March to apply for the MIPS EUC waiver. If the waiver is granted then they do have the other option to reweight information to the other account for the COVID-19 impacts. If the team of physicians does not submit the information they won’t give you a penalty. All of the applicants need an access role of HCQIPS and HARP profile account just to complete and submit an exception applies. Well, according to the CMS groups and virtual groups can’t be able to apply to override data that has already been submitted. Any submission of data even b

Improve Your Revenue Cycle Management

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Healthcare Industry Is Changing  Revenue cycle management is the most important as the healthcare industry transitions from fee-for-service models to value-based approaches to address rising costs. Your revenue cycle dynamics depend on the myriad of key factors from pre-registration to fee collections. Your hospital or healthcare institution must be dealing with large external forces such as decreased cash flow, patient debt, and increased claim denials. 1. Using Revenue Cycle Management (RCM) Software  Digital solutions of RCM can streamline and automate the process, increase profits, and also give insights into the patient populations. It includes illness rates and chronic disease frequency of visits, ability to pay, and other factors that are integrated into the public health IT system, which includes medical billing and patient records. An effective RCM software shortens the period between providing services and receiving payment. It can also help with tasks like scheduling

Cheat Sheet for Finding the Right RCM Partner

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Outsourcing medical billing services is a point where healthcare organizations have to ponder deeply. They can not just hire any medical billing service in USA just by believing in their emotional statements. Everyone in the market wants to trade their business. Therefore, they employ several marketing tactics to grab the attention of their audience. Afterward, they impress their clients with fancy things and convince them to make a contract. But for the healthcare industry, becoming prey to such medical billing services scams is adverse. To get the financial and clinical results you value most, prefer relying on reliable medical billing service companies. Therefore, P3Care has given special consideration to your need for potent medical billing services. We are providing you here an easy cheat sheet to keep you protected from any false decision. Have a look at our cheat sheet for you! Factors to Consider while Finding Right Medical Billing Services Healthcare Regulations Compli

How to Pamper Your Practice in Revenue Collection Struggle?

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Many of us look at healthcare billing services whenever someone questions the revenue collection. But nobody notices the frustration of these medical billing service providers. From medical billing and coding to account receivable management, this department puts in directional efforts. Though they take the extra load on their shoulders they do every possible thing to collect the payment. Everyone expects healthcare billing services to be quick enough to avoid delays. But such expectations seldom have a real outcome in actuality. Every person in the revenue collection process has to be proactive for a desired collection in less time. Here in this blog, we have some suggestions for medical billing outsourcing companies. By acting on our strategic plan, they can secure their practices from possible bad debts. Moreover, we assist them in empowering their collection process with our suggestions. The Three C’s for Medical Claim Collection After extensive research on detailed statist

What Kinds of Medical Billing Problems Do physicians faced?

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Internal medicine is a branch of medicine that deals with diagnosing and treating adult patients. An internist is a person who specializes in internal medicine. The internal medicine subspecialties are listed below. Nephrology  Medical Oncology  Infectious Disease  Endocrinology  Adolescent Medicine  Gastroenterology  Critical Care Medicare  Sports Medicine  Interventional Cardiology  Rheumatology  Pulmonary Disease Explain how internal medicine and general medicine are different. Internal medicine doctors focus on treating adults and have advanced training in the detection, treatment, and management of illness and chronic disorders. They have the expertise to identify complicated disorders that only affect adults. Conversely, general medicine practitioners care for patients of all ages, including children and teenagers. • Denial of Hospice Services Because hospice patients are not covered by Medicare, Medicare HMOs will reject claims as "Service Not Covered&