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Problems Solved: 3 Issues Plaguing Healthcare Providers & Their Solutions - #1 Insurance Claim Denials

Posted by admin on Oct 29, 2014 7:00:42 AM

 Healthcare providers are faced with ever-changing industry standards, regulations and restrictions. The presenters at this year’s New Jersey HFMA Annual Institute shed some light on three issues plaguing the industry under the current reforms, and offered various solutions to help providers not only to succeed, but to thrive in today’s environment.

In this three part blog series we will discuss three major issues identified at the annual institute and that plague providers across the country. But every challenge has a solution, and we will share those with you too! 

3 Reasons Why It’s Better to Outsource Your Business Office Locally

Posted by admin on Apr 24, 2013 11:04:45 AM

To run an efficient office, business process outsourcing is a must for many hospitals and medical practices. It allows providers and hospital administrators to make better use of their resources and gain access to experts in specific fields. Not all healthcare organizations know that they have a choice between partnering with a local revenue cycle management company and contracting services overseas. Both types of outsourcing have their respective benefits, but when it comes to running a healthcare business, working with a local company is the way to go.

Three Common Causes of Claim Denials and How to Avoid Them

Posted by admin on Jan 7, 2013 9:39:30 AM

Claim denials can lead to significant cash flow loss for any medical organization, offsetting gains in your healthcare revenue cycle. Luckily, healthcare organizations can avoid the majority of denials by performing careful claims processing and error prevention tactics. Organizations that effectively implement these practices join the ranks of the most successfully-performing medical groups, which average a claims denial rate of just four percent, according to the Medical Group Management Association’s (MGMA) 2011 "Performance and Practices of Successful Medical Groups" report.

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