If you’ve ever had a claim denied because of a simple coding mix-up between a new and established patient, you’re not alone. It’s something every healthcare provider must know to avoid revenue loss. It happens in practices across the country every single day. And in physical therapy, where reimbursement margins
Healthcare payment is evolving, with value-based care at the forefront of this transformation. . According to the 2024 HCP-LAN annual survey, over 60 % of U.S. healthcare payments now flow through value-based arrangements, and the number keeps rising. Medicare and Medicaid moved first, and private insurers have been following their
A major antitrust lawsuit involving MultiPlan (now Claritev) and several top insurers is making waves in the healthcare industry. The MultiPlan lawsuit challenges how out-of-network (OON) reimbursement rates are set, and the outcome could significantly affect how providers are paid. At Park Medical Billing, we stay ahead of these developments
It is very rewarding to run a physical therapy clinic but, it is also packed with issues that are outside of patient care. Staff time, which is a very limited resource, can be quickly taken up by the administrative tasks that are full of verification of insurance to
Creating a system to maximize efficiency in handling denied claims is a must especially when we deal with active healthcare claims processing. A structured medical claim management approach helps practices reduce revenue loss and improve overall reimbursement performance.
Effective Revenue Cycle Management contributes to the success of any medical practice — and that’s a fact. The following are few of the practices to optimize your medical billing and improve your revenue cycle.
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