Steps in Handling Denied Claims Management

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Creating a system to maximize efficiency in handling denied claims is a must especially when we deal with active healthcare claims processing. Most practices get too worried when it comes to working claims, particularly denied ones. Proper handling of denied claims is essential to identify the prospective income lost and begin an effective medical claims management service. Below are some of tips on how to increa...

Effective Revenue Cycle Management with Park Medical Billing

Revenue Cycle Management
Effective Revenue Cycle Management contributes to the success of any medical practice -- and that’s a fact. Most practices finds it hard to generate better revenues due to delayed or rejected claims. Most medical practices would lose about 30% of their revenues to to various issues. Implementing a few efficient Re...

Signs Your Practice Should Outsource Its Medical Billing

outsource
Medical Billing is indeed one of the biggest challenges in running a medical practice. The process is not always easy, however, it is necessary to keep your practice up and running and updated at the same time to enjoy a steady revenue and continue to nourish and provide the high standards of medical care that you’re well-known for.   We at Park Medical Billing understand its difficulty maintaining reco...

NEW CHANGES PTs OTs and SLTs SHOULD TAKE NOTE

New Year, New Changes? That’s what’s going to happen this 2019 for Physical Therapists, Speech Language Therapists, and Occupational Therapists. We’re writing down things you need to know about the significant changes for 2019 among therapists.

MEDICARE CAP FOR 2019

For this year, the Medicare Cap for Physical Therapy, Occupational Therapy Services and Speech-Langua...

What You Need To Know About MIPS (Merit-Based Incentive Payment System) 2019

MIPS
It’s a new year and this 2019, Physical Therapists are eligible to participate in the MIPS program. Here’s a breakdown of what you need to know: If you choose to participate, you can receive a penalty of up to 7% OR a bonus of up to 7.5% on claims two years later (2019 results will affect your 2021 payments). You will be given an overall MIPS score ranging from 0 to 100 points and the number of points you ach...