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Four Questions to Ask Before Hiring Medical Billing Services

Four Questions to Ask Before Hiring Medical Billing Services

Are you looking for ways to increase your cash flow into your medical facility, pathology lab, or hospital?  Patient billing can become a time-consuming and overwhelming process if you don't allocate the right staff and resources to make it possible.  Some medical practices rely on the assistance of professional medical billing services to assist them in their billing needs.  This helps to increase the amount of patient bills that are paid in full without having to worry ab...

Why You Should Automate Your Medical Billing

Why You Should Automate Your Medical Billing

Are you looking for ways to streamline your human resources and billing department at your medical facility?  Are you interested in automating certain practices and procedures?  Whether you are managing a hospital or running your own physician office, you should consider automating your medical billing practices.   There are many software programs that make this process easy to learn and even easier to integrate into your practices.  As a company that offers medical b...

Three Frequently Asked Questions about Medical Billing

Three Frequently Asked Questions about Medical Billing

Businesses make their money when their customers pay them for services rendered or products they bought.  This is the same for medical practices, even though many people often forget to pay for their services.  Health care bills can easily pile up and lead people to owe a lot of money, which is detrimental to the health care system, lab facilities, and medical practices.  When they aren't paid for their services, they will struggle financially.  To avoid this from happ...

Seven Ways to Get Customers to Pay Their Lab Bills

Seven Ways to Get Customers to Pay Their Lab Bills

Is your laboratory struggling to meet its monthly revenue quotas?  Are you constantly performing tests but never seeing any payments?  This is a common issue with many medical labs, and there are a few reasons people tend to push their laboratory bills aside.  Prevent this from happening by following these tips to help people pay up after they use your laboratory services.   Answer Patient Concerns The more timely you deal with patient issues, the mor...

Advice on How to Increase Patient Bill Collections

Advice on How to Increase Patient Bill Collections

It's no secret that many people struggle to pay their medical bills.  However, this doesn't excuse them from paying for the services they've needed.  In fact, almost one-third of people has medical debt or do not pay their medical bills for one reason or another.  This number is astoundingly high, and it needs to change.  Many collection agencies help medical practices collect the money they rightfully deserve.  By offering revenue cycle management service...

Four Ways that Collection Agencies Get Your Customers to Pay Their Bills

Four Ways that Collection Agencies Get Your Customers to Pay Their Bills

When you want to increase cash flow to your medical business, this may require the help of a collection agency.  To help get your patients to pay their bills in a timely manner, you want to consider hiring revenue cycle management services from a company like Signature RCM.  We strive to help you get your patients to pay their bills so that you can increase revenue per cycle and maximize cash flow of your medical facility.  Just like any business, you want to be paid for the se...

Reasons People Don't Pay Their Medical Bills

Reasons People Don't Pay Their Medical Bills

When many people get their medical bills in the mail, they often shuffle them to the side.  Then the bills sit neglected in a pile for a length of time or until the next reminder bill comes.  This is the vicious cycle that many medical practices and doctors' offices try to fight in order to keep their practices profitable.  Sometimes, they need to acquire the assistance of medical billing services to help get their patients to pay their bills.  There are a few common r...

Six Ways Your Medical Facility Can Increase Patient Payments

Six Ways Your Medical Facility Can Increase Patient Payments

Do you struggle with increasing revenue because your medical facility has so many unpaid patient bills?  Are you having trouble getting your patients to pay up after they are provided with quality medical services?  This is a common issue with many healthcare firms, and they often turn to medical billing services or collection agencies to help them receive patient payments.   Businesses depend on the payments for their services, and the medical field is no exception. ...

Why You Should Trust Signature RCM with Your Medical Billing Needs

Why You Should Trust Signature RCM with Your Medical Billing Needs

Is your medical company looking to reduce costs and increase cash flow?  Are you looking for a reliable partner to identify trends in your billing performance and implement solutions to help your business become more profitable?  Look no further than the trusted and reliable services of Signature RCM for all your medical billing services.  Our range of services aims to reduce costs and increase cash flow by ensuring that your patients' bills and insurance collections are be...

Proposed 2020 Medicare Physician Fee Schedule and Quality Payment Program

Proposed 2020 Medicare Physician Fee Schedule and Quality Payment Program

On July 29, 2019, the Centers for Medicare & Medicaid Services released their proposed 2020 Medicare Physician Fee Schedule and Quality Payment Plan. The proposal is over 1,000 pages long, but very few doctors have time to read the complete proposal. Here are some highlights that are worth noting about the project. The changes are proposed to create an innovative, affordable quality health care program with better accessibility.   Physician Payment Physician pay...

Tired of Working all the Time? Maximize Patient Reimbursements

Tired of Working all the Time? Maximize Patient Reimbursements

Many doctors, especially those in practices with under five doctors, feel like they are working all the time. They feel like, at the end of the month, they must scrape pennies together to buy groceries. If this describes you, then you need to maximize patient reimbursements. Know Your Patient’s Health Care Plans The first step in maximizing patient reimbursements is to teach your front-end staff to recognize the different health care plans and to alert you to any c...

Tips to Getting Patients to Pay Their Deductibles

Tips to Getting Patients to Pay Their Deductibles

While some health care providers demand that their patients pay their deductibles at the time of service, others are more willing to work with their patients. If you fall into the last set, then you know how difficult it is sometimes to get patients to pay their bills promptly. The average single person has a $1,491 deductible while the average family has a $2,788 deductible. Most providers are owed under $200 by each patient.  Added together, however, these payments can equal more than ...

3 Tips to Maximize Medical Practice Revenue

3 Tips to Maximize Medical Practice Revenue

You may be familiar with the old adage that says that you should not work harder, but you should work smarter. That applies to your medical practice revenue stream. After all, you would much rather be hitting the ball on a golf course or participating in another favorite hobby than trying to squeeze another patient into your busy schedule. Applying these three tips can help to maximize medical practice revenue. Create a Clear Process The first tip is that you need a clea...

Current Procedural Terminology Updates

Current Procedural Terminology Updates

A critical element of medical billing services is using the right Current Procedural Terminology (CPT) codes. While some of these codes have not changed in many years, the American Medical Association updates the list annually to be sure that it reflects the latest technology and best practices. It is the doctor’s responsibility to keep up with these changes and to make sure that the information is passed down through the revenue management cycle.   Remote Moni...

5 Common Medical Billing Problems

5 Common Medical Billing Problems

If you are a medical doctor, then you may worry that your staff or service is making medical billing errors. At worse, these errors can end up with you facing large fines. At best, they are an aggravation that delays you getting the money that you need to continue to operate your practice and take care of your family.   Improper Coding Using the wrong codes can cause claims to be denied or payments declined. While there are very few doctors that do this in...

What is the Normal Revenue Cycle?

What is the Normal Revenue Cycle?

While doctors would usually prefer to focus on the level of care that their patients are receiving, it is important that they also understand their practice’s revenue cycle. It is only possible to isolate problems within a practice’s revenue cycle when the whole picture is clearly understood. Working with a competent medical billing service is crucial to arriving at the figures that you need.    Patient Registration A patient enters the re...

Benefits of an Effective Revenue Management Solution

Benefits of an Effective Revenue Management Solution

Running a medical facility is a lot of work and while attending to patients is a key part of your operations, you also need to take care of the business end of things to ensure that you are able to pay your employees and suppliers. As a critical part of any healthcare facility, it is important that things are running smoothly both at the front end of the business and the backend too. Healthcare can be difficult to manage from a financial point of view and that is why revenue cycle m...