Group items tagged

The decision of whether or not to outsource a medical billing service for your medical facility is a very complicated one. Medical billing requires a lot of expertise and a very specialized set of skills. A medical billing service consists of all those specialties that are required to perform specific billing tasks.

Medical billing services are more of a conundrum in present times because the process has gotten complicated with time. The government has set value-based criteria for the providers to follow, for ensuring a productive health system while cutting costs.

The decision of whether or not to outsource a medical billing service for your medical facility is a very complicated one. Medical billing requires a lot of expertise and a very specialized set of skills. A medical billing service consists of all those specialties that are required to perform specific billing tasks.

Maintaining the accuracy of claims is tough, especially, when you have to manage the bulk of data at the same time. Therefore, outsourcing billing services to professionals is the best choice to avoid billing inconvenience or financial complexity.

Maintaining the accuracy of claims is tough, especially, when you have to manage the bulk of data at the same time. Therefore, outsourcing billing services to professionals is the best choice to avoid billing inconvenience or financial complexity.

Being a medical practitioner is quite a demanding job in itself. You have to make time for your patients, run your practice, ensure each patient gets the appropriate time, etc. Adding administrative duties on top of all this will just make your job harder. It is where medical billing service providers come into play. They can take that load off and make sure that you can handle your primary responsibilities without stressing about the data collection, billing, insurance claims, and other such things.

Once a provider chooses to outsource their medical billing services, there are two ways to pay for these services. The provider can either opt for a flat fee or a percentage based fee. Before we progress further, you must know that an overwhelming majority of the medical billing services charge on a percentage basis.

Medical billing companies are seeing a massive growth up all over the US to maximize reimbursements. Though, that is not the only reason for their unprecedented growth. One of the reasons behind their uprising is excellent financial returns.

Medical billing outsourcing has been a part of the medical industry for a long time now. Doctors and physicians do not have the time to perform the billing operations of their medical facilities on their own.

Medical billing outsourcing is been doing great in recent years. Healthcare practices face many challenges regarding dealing with patients, updating medical knowledge and procedures, and on top of that, compiling claims.

What is the first thing that comes to mind when you hear the word medical billing outsourcing? That, as a medical professional, you can trust them or not! With the HIPAA Security Rule in place and the law getting stricter by each passing day, it is the most relevant thought.

If right now you outsource your revenue cycle management, you realize that the performance of your medical billing service provider is central to your medical practice's financial success. Repayment keeps on declining, and the movement towards value-based will keep on jeopardizing your medical revenues if your medical billing company is not working as expected.

The command over medical billing services cannot come without experience and the right expertise in the industry. It is a tip for medical practices to outsource the billing process to professionals for higher optimization and performance.

Physicians were quite unsure about how to act to these facts. Of course, medical billing outsourcing companies can't proceed without their clients' consent. Therefore, HHS took it upon itself to explain all the complications that restrict healthcare professionals to benefit from this program.

The best way to improve the collection rate is by outsourcing medical billing services. They have resources and infrastructure to keep an eye on every matter that ultimately enhances your billing performance.

Outsourcing medical billing improves the net collection rate as it gives a push to reimbursements. It also speeds up the RCM process by not delaying the billing and coding of claims.

Skelmersdale-based online pharmacy Chemist4U has secured a £12 million investment from Pitalia Capital, an equity investment company led by Anil Pitalia. Chemist4U is part of JCCO Healthcare, which also houses the weight management platform myBMI. Anil Pitalia is a health enthusiast, who heads SpaMedica, a company providing cataract surgery to the NHS. This investment will propel the group's expansion, with John Davies, Managing Partner of Pitalia Capital, joining the board, the company said. Moreover, it will facilitate the extension of services by myBMI in the realm of weight management. "Our goal is for Chemist4U to emerge as one of the largest NHS dispensing facilities in the country, while also providing vital support to our partners through our rapidly expanding outsourced dispensing services division," said said James O'Loan, Chief Executive Officer of both Chemist4U and myBMI, who joined Chemist4U as a superintendent pharmacist in 2012 before becoming CEO in 2018. Meanwhile, Anil Pitalia, Head of Pitalia Capital based in Bolton, cited the compelling growth potential as the driving force behind his investment in Chemist4U's next-day medicine delivery service.

Ceuta Group, a global brand building business providing end-to-end outsourcing services in the health and wellness industry has appointed David Wright as a non-executive board director. With extensive experience of leading global consumer healthcare companies, David joins Ceuta Group following five years as CEO/President of global pharmaceutical company, HRA Pharma and six years as Global Head of Boehringer Ingelheim's consumer business. During his time at HRA Pharma and Boehringer Ingelheim GmBH, David led both companies through substantial organisational and strategy re-design which led to sustainable growth and profitability. The company said: "David has a strong belief that combining the right structure, operational priorities and processes, with a strong focus on company culture, are critical factors in building successful businesses. This approach saw him lead a period of transformation at HRA Pharma resulting in the company's successful acquisition by Perrigo Company plc." David will take an active role on the Ceuta Group Board supporting and building the company's strategic vision and priorities. He will also help shape the company's growth plans on an operational level to ensure Ceuta Group continues to meet client's needs today and into the future.

Talk of hub and spoke models has been rumbling on for as long as I can remember. The topic has once again hit the headlines as the government announced a fresh consultation for its proposed changes, calling on all interested parties to submit their views by 8th June. The argument for hub and spoke is to allow independents to have the same level playing field as the larger groups who have been operating this model for some time. The government also sees significant efficiency gains in centralisation, arguing this will free pharmacists time away from dispensing to focus on clinical services. The latest consultation advocates two models being created. In the first model, the dispensed medication is sent back to the spoke. In the second model, the completed medication can be sent out directly to the patient. The latter is a new concept which could open up new opportunities in how services are delivered. Pharmacies could effectively outsource the entire dispensing and delivery to housebound patients and care homes allowing pharmacies to take on new business without having to worry about logistics and geography.

Viveca Biomed has launched an innovative and clinically-proven bladder support device that offers women immediate relief from stress urinary incontinence (SUI) and provides community pharmacy contractors with a way to build a new consumer base, customer loyalty and sales margins. The product, named 'Contrelle Activgard', has already recorded millions of sales in Scandinavia over a decade. The company behind the UK launch is female healthcare business Viveca Biomed, founded in 2019 by Andrew Tasker who has spent 30+ years in senior roles within the OTC and pharma industry. Contrelle is manufactured, packed and distributed in the UK at Viveca Biomed's factory near Newcastle, with no outsourcing, and thus offering the best possible continuity of supply. Ahead of the launch, the company commissioned a large consumer lifestyle survey with 500 women over 40 years of age who experience bladder leaks, to reveal the extent of its detrimental impact. Contrelle Activgard is a safe, discrete, easy-to-use and highly effective, single-use vaginal device, designed to immediately prevent SUI rather than just deal with the leakage.

There is a long list of medical billing companies, but we will keep it short by focusing on their reasons for success in the medical billing industry. What makes a company stand out from the rest? This question needs to be answered categorically with real examples to prove their worth and reliability.