There is no escaping the fact that coding drives revenue. Correct coding means you are appropriately paid for the work you do. For many practices, one of the most difficult challenges is persuading providers to thoroughly document encounters to ensure correct coding. Despite the strides in EHR technology and the continuous pressure to provide information […]Read More
It’s happened again — another denial for a medical necessity issue. And, it seems like this is happening more and more. Now what? First, know that you are not alone. According to a recent study by the HFMA, medical necessity denials (which include pre-authorization) have increased 51% for outpatient claims. These denials are frustrating because […]Read More
For many, the future of revenue cycle management (RCM) in the age of artificial intelligence (AI) is difficult to imagine. How can this technology improve the revenue cycle and impact the day-to-day working of the back-office in healthcare? Of course, at this point, nobody knows precisely when AI will be the industry standard, but there […]Read More
The business of running an independent medical practice becomes more complex with every passing year. There are new regulations, coding updates, changing payer rules and performance measures that can significantly affect reimbursement. Organizations put their cash flow and revenue at risk when they are slow to keep up with the updates necessary to keep their […]Read More
Medusind is excited to announce that we have secured investment from H.I.G. Capital (“H.I.G.”), a leading global private equity investment firm with over $30 billion of equity capital under management. Vipul Bansal, CEO of Medusind, remarked, “Medusind was founded in 2002 with the goal of creating a leading technology-driven healthcare solutions provider. For nearly two […]Read More
The relationship with your medical billing company should be a close one – after all, you are trusting them with the lifeblood of your business – your revenue and cash flow. If you are like most practices, you depend on their expertise, workflows, and professionalism to pay your staff and keep the lights on. […]Read More
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