Medi Billing

🎆 Wishing you a spectacular Fourth of July from Medi Billing Services Family! Enjoy the festivities, savor the BBQ, and stay safe while celebrating freedom! Have a blast! 🎇🌭🧨

The top 12 indicators for measuring and driving medical practice revenue The 12 most important KPIs for driving revenue and improving the financial stability of your practice.

Cigna’s modifier 25 policy burdens doctors and deters prompt care Payer’s requirement that physicians submit office notes when reporting E/M codes with modifier 25 is a waste of time and bad for patients. Learn more.

Revenue Cycle Leaders Spend the Most Time on Denials Management Denials management and prior authorization are the most time-consuming revenue cycle management tasks for healthcare financial leaders, a survey found.

4 tips for young physicians building a career in private practice Health care is increasingly corporate, but doctors shouldn’t let that discourage them from striking out on their own. Learn more with the AMA.

The exact reason to outsource Medical Billing!

Staffing shortages and increasing collection struggles hurt practices Lower patient volume and challenges collecting payments can push practices to the brink

61% of Providers Plan to Outsource Revenue Cycle Management Tasks As staffing shortages and financial challenges persist, healthcare providers are increasingly considering outsourcing revenue cycle management processes, according to a study from CWH Advisors.

Physician Compensation Fell, Gender Pay Gap Persisted in 2022 Economic challenges for healthcare workers continued in 2022, as the average physician compensation fell by 2.4 percent and the gender pay gap persisted, according to a report from Doximity.

Healthcare Has Yet to Feel Full Impact of Physician Retirements A new survey shows a looming wave of physician retirements as economic and pandemic-related concerns do not delay employment decisions for doctors.

Higher Health Costs Foreseen From Revamped Billing Disputes Health insurers, employers, and consumers could see higher costs in the wake of Biden administration guidance on settling payment disputes for emergency and out-of-network care, an official with a consumer group said.

94% of Patients Want Patient Education Content, But a Third Don’t Get It A new survey showed that patients want access to patient education materials and content, but a third don't have access. This opens the door for medical misinformation, experts cautioned.