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Is it possible to increase revenue when compensation is stagnant? The reality is that compensation across most specialties has remained flat, and physicians are expressing their frustration with this low-income satisfaction rates. Thus, if overall compensation isn’t budging, then the only way to increase revenue is to reduce costs. This is possible with the rightRead more

Medical Group Management Association (MGMA) will host its annual conference beginning September 30. With a focus on solving healthcare’s biggest challenges, MGMA18 is the premier event for professionals who lead medical practices. Thousands of healthcare leaders will be converging on Boston to collaborate, learn and network. Because of our position in the industry and ourRead more

It’s news to no one that healthcare is changing–– and fast. Organizations are re-evaluating aspects of their model at nearly every level, leading to dramatic shifts, such as the growing move from per-service fees and toward performance-based payment. Value is overshadowing volume and providers are more often centering their care around patients, ultimately taking onRead more

Are you getting the most from your practice’s medical billing? Are you working long additional hours at the local hospital for supplemental income? Using accurate billing practices, ChartLogic’s billing and revenue cycle management services can streamline your processes for increased, accelerated collections, allowing you to reduce your workload, and spend more time with both yourRead more

The patient revenue cycle–from initial eligibility determination, co-pay collection, intricate coding processes, claim tracking, claim denial follow up, all the way through receipt of final payment—must be maintained to ensure medical practices not only flourish, but prosper and thrive. But whether it’s improper training, a lack of communication between staff members, a conflict with otherRead more

Like any business, hospitals, clinics, and doctor’s offices need to cut unnecessary costs to save money and increase profits. It is medical practice to be more concerned about treating patients than the bottom line—but the same time, patients are more likely to get medical attention if costs are lower. There is a way to maintainRead more

The time is long past for physicians and their practices to outsource their medical billing processes. Full stop. It may seem like a painful transition that simply isn’t worth it, but the evidence disagrees, across the board. Switching from in-house to a third-party biller will save your practice money, increase the number of claims processed,Read more

In simple terms, medical billing is the process by which healthcare providers get paid for the work that they do. The responsibility of a practice’s medical billers is to submit and follow up on claims made to health insurance companies to ensure that the practice is reimbursed for the work that providers have already performed.Read more

Upgrading your billing service may seem quite daunting, but this shouldn’t hold you back from a new, more technologically advanced outsourcing service. Over time, your service is going to be bad for the bottom line because of all the anxiety-inducing time spent with billing and unpaid reimbursements. Unfortunately, we often try to avoid short-term painRead more

On October 1, 2015, the ICD-10-CM code set supplanted the ICD-9-CM codes. In addition to the 3,651 approved changes made to the ICD-10 for the October 1, 2016 implementation, further changes to the ICD-10-CM code were set and several last-minute changes to the ICD-10-PCS code list were proposed at the ICD-10 Coordination and Maintenance CommitteeRead more