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Coding Guidelines for Pathology Lab Healthcare Billing Services

Pathology laboratories play an important role in maintaining hospital Reimbursement rates. The Centre for disease control and prevention ( CDC) is well aware of the importance of lab results and the role they play in Revenue cycle management, which is why CDC has estimated that almost 70% of every Doctors’ Medical decision is based on [...]

Medicare Reimbursements affected by increased Hospital Payment Rates

The Centers for Medicare and Medicaid Services (CMS) increased payment rates for 2023, putting additional strain on hospitals, which will affect Medicare reimbursements. The hospital operating payment rates have been increased by 4.1% in the 2023 OPPS final rule.  Read the detailed blog on the CMS 2023 final report on Medicare reimbursements; AHA concerned. The […]

Medical Billing Outsourcing Market to hit sales of 25.7 Billion over the Forecast Period(2021-2028)

The Medical Billing Outsourcing Market was valued to be 11.1 Billion in 2021 and is expected to expand at a compound annual growth rate(CAGR) of 12.2% over the forecast period of 2021-2028. It is anticipated that this rise in numbers might be the result of various factors like improvement of Electronic Health records(EHRs). Healthcare facilities […]

How to Effectively Manage Medical Claim Denials

Medical claim denials are the most common obstacles to effective revenue cycle management. Most healthcare organizations lose about 6-7% of their overall revenue as a result of payment denials.A major percentage of profit for the healthcare industry comes from medical claims. If an organization pays adequate attention towards retrieving claim denials then a lot of […]

Healthcare costs in the US  are rising way faster than Inflation

The society of the United States is based on Western Culture. American society and its culture is more fragmented. One of the reasons for their excessive spending could be their diverse nature. Keeping the high insurance premiums and other out-of-pocket expenses in consideration, it is no surprise that Americans have to spend a huge amount […]

AMA: Releases new 2023 code set. Aims to reduce the E/M coding burden

Aiming to reduce administrative tasks in Medicine for healthcare organizations, the American Medical Association(AMA) has released a set of  new current procedural terminology that is, CPT codes for the year 2023. This new code set is specifically introduced for reducing the burden of healthcare officials so that they can now focus more on providing quality […]

Perks of the new ICD 10 code: Get more Insight into Hepatic Encephalopathy

Change is inevitable and when it comes to Healthcare, it becomes quite a necessity. To keep up with the modified techniques and newly introduced medical facilities and to ensure best treatment of their patients, Healthcare organizations follow various codes, namely Current Procedural Terminology (CPT) codes, ICD codes, etc.  The tenth revision of the International classification [...]

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