5 Proactive Medical Billing Tips to Maximize your Revenue Collection
The latest updates in the US healthcare system have brought a plethora of new challenges for both patients and medicare providers. The introduction of a value-based and time-consuming compensation model and intermittent alteration in the healthcare policy can cause a significant revenue loss to the medicare providers across the USA. Failure to stay up […]
Top 5 Mistakes To Avoid While Managing Medical Billing And Collection
A reliable and steady revenue stream is requisite for running an efficient home health and hospice agency. If your billing errors are not optimized for success then it’s difficult to achieve reliable and steady revenue. Whether they incur denials, delayed payments, lost productivity, or client complaints; billing errors can inflict detrimental effects on your […]
Why outsourcing Hospice medical billing is substantial for your Medicare practice?
Revenue cycle management is an integral component of all hospice and Medicare practices. No matter how exceptional the performance of your Medicare staff, you can’t keep the doors open based on the quality care you provide. Paying close attention to finances is unequivocally just as important. Medicare practices and hospices may find themselves scrambling to […]
Medicare Revenue Recovery: Understanding KPIs To Maximize Your Financial Solvency
Medicare organizations and hospices strictly adhere to Revenue Cycle Management (RCM) to ensure a steady stream of revenue in the form of reimbursement for the care they provide to patients. Increasing collections, managing denials, and re-submitting and scrubbing claims are a few requisite revenue cycle activities for practices to strive towards. However, to elevate […]
A Comprehensive Guide to Outsourcing Medical Billing!
When it comes to flourishing home health or hospice agencies, in-house employees are unequivocally the top contributors to organizational success. However, regardless of their skill, talent, and capability, these professionals lack the availability and time to keep tabs on the Medicare industry’s ever-changing tides. So, it turns out that outsourcing medical billing can prove to […]
How to Boost Your Revenue Collection With A Denial Management Company?
Optimizing claim denial management strategies can aid Medicare providers in recouping lost revenue and maximizing reimbursements. Medicare organizations most often lose a significant amount of yearly, monthly, and daily revenue just because they are unable to cope with claim denials effectively. What is Claim Denial? Claim denial is a refusal of an insurance […]
How The PDGM Phase Out – Notice of Admission Will Effect Your Agency
If you aren’t up to speed on MEDICARE’s No-Pay RAP requirement changes, it’s not too late. Dominion Revenue Solutions wants to help home health agencies like yours understand precisely how adding the 2022 Notice of Admission (NOA) changes will affect you and avoid payment reductions from transpiring due to non-compliance. Notice of Admission CMS […]
Costly Medical Billing Errors: How Home Health Agencies Can Avoid Them
An important distinction in medical billing errors is the difference between a rejected claim and a denied claim. A rejected claim is caused by a billing error that may result from a clerical error, or a mismatched procedure and ICD codes. These claims can then be corrected and resubmitted. Of course, correcting and resubmitting […]
Burnout: Beware of These Warning Signs
The home health profession is emotionally, physically, and mentally demanding—we don’t need to tell you that! However, like many aspects of health care, those working to support patients whether directly or indirectly in administrative roles are at high risk of burnout. While you may think career-related burnout is “no big deal” it can have a […]
Tips on Joining Commercial Insurance Networks for Home Health Agencies
Given the current economic and regulatory environment for home health agencies, many have been largely driven by Medicare payments, making agencies hesitant to turn to managed care and commercial insurance to drive additional revenue. The process to seek and secure payment outside of traditional channels can be overwhelming. However, considering that some agencies increase […]
