A lot is changing in the business of revenue cycle – Process Automation, COVID-19, Telehealth, Cloud Tech, specialty-specific guidelines, changing regulations, and more. Stay updated with this newsletter from Medical Billing wholesalers
Revenue Cycle In The Times Of COVID-19 – Creating A Sustainable Financial Future
Telemedicine is gaining increasing acceptance as a direct consequence of the Coronavirus outbreak. The bigger question is if telemedicine will continue and possibly even grow post-COVID-19 or is this just a passing phase that has gained popularity out of necessity and will wane off. In this article, MBW brings you a list of reasons why Telemedicine is the new normal.
Standardized billing and coding practices for Spinal Cord Stimulator (SCS) Procedure Code 63650 reduce medical necessity denials and help collect 281 claims valued over $ 300K in 2 years. The Customer saw over 36% improvement in Collections, as much as 75% reduction in old AR over 61 days, and reduction of denied SCS claims from 68 to 8 over a 7 month period.
Industry News
- FDA joins partnership on COVID-19 analytics tool
- Microsoft deepens its healthcare presence: A timeline of the past year
- Senate leaders support making certain COVID-19 telehealth policies permanent
- Industry Voices—We can cut costs and improve patient experiences
- UPDATED Coronavirus tracker: Pandemic's impact on cancer
- Industry Voices—Ensuring long-term brain health amid COVID-19
- CMS proposed rule to boost Medicaid value-based drug models
- Out-of-Network Bills Common for Some Pathologists, Other Specialists
- What Providers Need to Know About COVID-19 Coding and Billing
