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Types of Healthcare Organizations & Their Billing Practices

A healthcare organization (HCO) involves a vast complex of stakeholders and participants, suppliers and purchasers, regulators and direct providers, … See more

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URL: https://education.ncgmedical.com/blog/types-of-medical-organizations

Pros and Cons of Electronic Health Records (EHRs)

WebElectronic health record systems are a tremendous resource to have in your medical practice; gone are the days of dealing with miscommunications due to illegible …

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What Is a Patient Care Policy

WebIn general, a patient care policy includes a variety of policies and components that relate to how your practice cares for patients. To better understand what a patient …

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Manage Medical Risk with These Guidelines for Medical …

WebEven in today’s increasingly complex healthcare environment—where technology and new laws impact almost every aspect of medical billing and practice …

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Texting in Healthcare: Medical Texting Best Practices

WebTexting medical information is becoming the first choice to send secure information according to a survey of 770 hospital professionals and 1,279 physician …

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What are Concierge Healthcare Services

WebConcierge healthcare is a model in the medical industry in which patients pay a subscription fee to have unlimited access to their doctor; other names for this kind of …

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HIPAA + HITECH: Maintain Compliance For Your Medical Practice

WebHIPAA and HITECH compliance means that your medical practice is doing its due diligence to protect patient information and that your patient records and other …

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What is Healthcare Consumerism

WebBroadly, healthcare consumerism refers to patients behaving more like shoppers than ever before. In order to be so discerning and cost-conscious about their …

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How to Embrace Financial Stewardship in Healthcare

WebIncorporating the principles of fiscal stewardship into your practice can improve your medical billing practices in several ways. 1. Embrace New Innovations. …

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How to Achieve a 95% Clean Claims Rate

WebAnything lower than a 95% clean claims ratio means your medical practice is losing revenue and furthering your expenses by having to rework those rejected claims. …

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What are Evaluation and Management (E/M) Codes

WebEvaluation and management coding involves CPT codes that specifically represent services provided by a physician or other qualified healthcare professional; …

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Guide to Medication Reconciliation & Patient Benefits

WebMedication reconciliation is done to avoid medication errors such as omissions, duplications, dosing errors, or drug interactions. Each health care setting …

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What Are Designated Health Services in Medicare Billing

WebDesignated health services, known as DHS, is an umbrella term referring to services that can be reimbursed by Medicare. As you might guess, this includes a whole …

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Gastroenterology CPT Codes, Guidelines & Best Practices

WebGastroenterology practices have specific medical billing and coding challenges. Since this field requires both medical and surgical aspects, gastroenterology …

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MIPS 101: A Guide to the Merit-Based Incentive Payment System

WebIn 2015, Congress passed the Medicare Access and CHIP Reauthorization Act ( MACRA ), which went into effect in 2017 and rolled three incentive programs into …

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How to Write a Mission Statement for Your Medical Practice

WebWrite a mission statement in these simple steps and tweak the language to best fit your practice and your audience: Define your medical practice’s purpose: …

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Gross vs Net Collection Ratio (And How to Calculate Them)

WebDivide your calculation in step 2 by your calculation in step 3. Then multiply by 100. The formula looks like this: Net Collection Rate = (Payments / (Charges – …

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Common Revenue Cycle Management Mistakes

WebRevenue Cycle Management (RCM) refers to the process of identifying, collecting, and managing the medical practice’s revenue based on the services provided. …

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5 Most Common Medical Billing Errors (and How to Avoid Them)

WebHere are a few of the most common ones to avoid if possible: Submitting wrong information for insurance, patient or provider (i.e., name, address, date of birth, …

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