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…
Category: Revenue Cycle Management
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…
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…
Five Practical Questions to Answer Before Your Next Revenue Cycle Assessment
Managing your practice’s revenue cycle requires an honest look at your current workflow. From front office pre-collections to denials management, MEREM Health wants to help you determine what is working and what isn’t by offering a Free Revenue Cycle Audit. Before you proceed, there are 5 practical questions you should answer to better prepare for your next…
Creating Custom Reports For Your Medical Practice
Reporting of a practices medical billing performance is more complicated today than ever before because the options for reporting are much greater. EMR programs collect and process so much data, that it becomes overwhelming and time consuming to manage and sort for most practice managers. In order to truly measure specific practice performance processes that…
Communication Is Key
The Life Skill, “Communication is Key” should apply to the operation of any successful healthcare provider! From the Physician to the front desk, and everyone involved with a patient record… Communication is the key to ensuring an excellent experience for your patients and is a vital foundation for a productive partnership with your outsourced billing department. When working with an…
Is Your Healthcare Facility’s Revenue Moving in the Wrong Direction?
The more patients you have, the more revenue you are bringing in, right? Wrong. While you would think more patients should mean you are improving your revenue within your medical practice, this is not the case. In fact, if healthcare practices are not careful, they could be losing revenue even as more patients come walking…
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