Where does your practice stand among industry benchmarks?

Now is the time to conduct a financial review of your medical practice’s 2018 financial performance. Whether you currently handle your billing and coding in-house or outsource to another company, MEREM Healthcare Solutions recommends that you should conduct an annual revenue cycle audit in order to: Compare your practice’s performance against the previous year. Compare…


New Year, New Deductible Collections!

Collecting new deductible payments for medical services up front can be uncomfortable,  but it is something that needs to occur for the cash flow within your medical practice to be moving in the right direction. With many patients’ deductibles starting over at the beginning of the year, the team at Merem Healthcare Solutions wants you…


New Years Resolutions for Your Medical Practice

As we reach the end of 2018, a lot of reflection is happening from everyone – both personally and professionally. The team at MEREM Healthcare Solutions wants to help offer some tips or resolutions that your physician practice can make for 2019 in order to grow your medical practice and improve patient care. Where do you…


Positive Patient Experience = Timely Payment

Think about it. When you have a negative experience at a restaurant, you are less likely to leave as much of a tip as you would otherwise. Right? The same rings true for services provided by medical practices regardless of the specialty of medicine. From Cardiology to Orthopedics, Dermatology or Pain Management, if a patient…


Should You Outsource Medical Coding? Yes!

If you have a busy medical practice, then you have probably considered outsourcing your medical coding and billing services. In today’s digital age, where technology is advancing at lightning speed, 3rd party outsourced medical coding and billing can be a huge benefit for medical practices. Below, our professional biller and coders have provided some information about…


2019 MIPS & MACRA – Are Your Physicians Hitting the Medicare Mark?

MACRA (Medicare Access and CHIP Reauthorization Act of 2015) is U.S. healthcare legislation that provides a new framework for how Medicare pays for physician services by incentivizing those who successfully demonstrate value over volume in patient care. MACRA combines parts of the Physician Quality Reporting System (PQRS), Value-based Payment Modifier (VBM), and the Medicare Electronic Health Record…


How Do You Handle Prior Authorizations?

To keep pace with changes to healthcare reimbursement, hospitals and healthcare organizations need to reduce inefficiency in their revenue cycle management. One significant cause from revenue loss is claim denials due to lack of prior authorizations. You cannot work backwards to get retro-authorizations for most insurance companies. Therefore, no prior authorization = no payment. Take…


Does your staff know how to correctly bill patients?

Incorrect medical billing issues and misleading claims ranked in the top 10 complaints on the Consumer Federation of America report released on July 27th, 2017. The specific complaints related to patients receiving an incorrect bill for:  services they did not receive services that weren’t billed to their insurance company services that should have been covered…


Improving cash flow and physician compensation requires working hand-in-hand.

Did you know that physician compensation only increased for 37% of all independent physicians in 2017?  That’s a sobering thought that compensations have remained relatively flat for many physician specialties year over year.  And couple that with a decrease in overall practice cash flow and constantly changing coding rules, and you’ve got unhappy physicians and…


Have You Struggled With Your Medical Billing?

If you have struggled with your medical billing, you are not alone. It is estimated that $125 billion dollars are left on the table in the U.S. every year. This money is either lost or ignored because of poor medical billing practices. As medical professionals and providers, your ultimate goal is to provide exceptional healthcare…